Russell Ecology Ltd 09428074 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the provision of ecology consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 09428074 2023-03-01 2024-02-29 09428074 2024-02-29 09428074 core:CurrentFinancialInstruments 2024-02-29 09428074 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 09428074 core:Goodwill 2024-02-29 09428074 core:FurnitureFittingsToolsEquipment 2024-02-29 09428074 bus:SmallEntities 2023-03-01 2024-02-29 09428074 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09428074 bus:FilletedAccounts 2023-03-01 2024-02-29 09428074 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09428074 bus:RegisteredOffice 2023-03-01 2024-02-29 09428074 bus:Director1 2023-03-01 2024-02-29 09428074 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09428074 core:Goodwill 2023-03-01 2024-02-29 09428074 core:ComputerEquipment 2023-03-01 2024-02-29 09428074 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 09428074 countries:EnglandWales 2023-03-01 2024-02-29 09428074 2023-02-28 09428074 core:Goodwill 2023-02-28 09428074 core:FurnitureFittingsToolsEquipment 2023-02-28 09428074 2022-03-01 2023-02-28 09428074 2023-02-28 09428074 core:CurrentFinancialInstruments 2023-02-28 09428074 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 09428074 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 09428074

Russell Ecology Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Russell Ecology Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Russell Ecology Ltd

(Registration number: 09428074)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

508

829

Current assets

 

Debtors

6

5,637

8,814

Cash at bank and in hand

 

126,100

134,730

 

131,737

143,544

Creditors: Amounts falling due within one year

7

(27,276)

(41,650)

Net current assets

 

104,461

101,894

Total assets less current liabilities

 

104,969

102,723

Provisions for liabilities

(97)

(157)

Net assets

 

104,872

102,566

Capital and reserves

 

Called up share capital

100

100

Retained earnings

104,772

102,466

Shareholders' funds

 

104,872

102,566

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr L Russell
Director

 

Russell Ecology Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements, and is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Russell Ecology Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% on reducing balance

Computer and office equipment

25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition, and is initially recognised as an asset at cost, and subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which has been estimated at five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business, and are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Russell Ecology Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2023

10,000

10,000

At 29 February 2024

10,000

10,000

Amortisation

At 1 March 2023

10,000

10,000

At 29 February 2024

10,000

10,000

Net book value

At 29 February 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

4,670

4,670

At 29 February 2024

4,670

4,670

Depreciation

At 1 March 2023

3,842

3,842

Charge for the year

320

320

At 29 February 2024

4,162

4,162

Net book value

At 29 February 2024

508

508

At 28 February 2023

829

829

 

Russell Ecology Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

6

Debtors

2024
£

2023
£

Trade debtors

5,637

8,814

5,637

8,814

7

Creditors

Amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

627

2,500

Taxation and social security

10,906

22,984

Accruals and deferred income

2,165

2,052

Other creditors

13,578

14,114

27,276

41,650