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REGISTERED NUMBER: 04977306 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RUSSELL KING & SON LIMITED

RUSSELL KING & SON LIMITED (REGISTERED NUMBER: 04977306)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

RUSSELL KING & SON LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTOR: S King



SECRETARY: Mrs A J King



REGISTERED OFFICE: 85 Great Portland Street
First Floor
London
W1W 7LT



REGISTERED NUMBER: 04977306 (England and Wales)



ACCOUNTANTS: Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB



BANKERS: Barclays Bank Plc
Bexleyheath Branch
6 Market Place
Bexleyheath
Kent
DA6 7DY

RUSSELL KING & SON LIMITED (REGISTERED NUMBER: 04977306)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
CURRENT ASSETS
Work-in-progress 5 2,000 13,900
Debtors 6 - 22,604
Cash at bank 120,335 28,910
122,335 65,414
CREDITORS
Amounts falling due within one year 7 (50,150 ) (16,949 )
NET CURRENT ASSETS 72,185 48,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,185

48,465

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 71,185 47,465
SHAREHOLDERS' FUNDS 72,185 48,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





S King - Director


RUSSELL KING & SON LIMITED (REGISTERED NUMBER: 04977306)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Russell King & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Office equipment - 50% on cost

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RUSSELL KING & SON LIMITED (REGISTERED NUMBER: 04977306)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 1,700 14,174 2,261 18,135
DEPRECIATION
At 1 December 2022
and 30 November 2023 1,700 14,174 2,261 18,135
NET BOOK VALUE
At 30 November 2023 - - - -
At 30 November 2022 - - - -

5. WORK-IN-PROGRESS
30/11/23 30/11/22
£    £   
Work-in-progress 2,000 13,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors - 22,604

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 30,549 1,563
Corporation tax 5,564 1,546
Social security and other taxes 2,143 3,089
Pension Contributions 356 356
VAT 4,854 1,511
Director's current account 3,934 6,134
Accrued expenses 2,750 2,750
50,150 16,949

RUSSELL KING & SON LIMITED (REGISTERED NUMBER: 04977306)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 December 2022 47,465
Profit for the year 23,720
At 30 November 2023 71,185

RUSSELL KING & SON LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
RUSSELL KING & SON LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2013 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Dataday Accountability
Accountants & Business Consultants
2 Seabraes Lane
Dundee
Angus
DD1 4AB


22 August 2024