Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activityfalse11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09376574 2023-01-01 2023-12-31 09376574 2022-01-01 2022-12-31 09376574 2023-12-31 09376574 2022-12-31 09376574 c:Director1 2023-01-01 2023-12-31 09376574 d:MotorVehicles 2023-01-01 2023-12-31 09376574 d:MotorVehicles 2023-12-31 09376574 d:MotorVehicles 2022-12-31 09376574 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09376574 d:FurnitureFittings 2023-01-01 2023-12-31 09376574 d:FurnitureFittings 2023-12-31 09376574 d:FurnitureFittings 2022-12-31 09376574 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09376574 d:OfficeEquipment 2023-01-01 2023-12-31 09376574 d:OfficeEquipment 2023-12-31 09376574 d:OfficeEquipment 2022-12-31 09376574 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09376574 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09376574 d:CurrentFinancialInstruments 2023-12-31 09376574 d:CurrentFinancialInstruments 2022-12-31 09376574 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09376574 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09376574 d:UKTax 2023-01-01 2023-12-31 09376574 d:UKTax 2022-01-01 2022-12-31 09376574 d:ShareCapital 2023-12-31 09376574 d:ShareCapital 2022-12-31 09376574 d:RetainedEarningsAccumulatedLosses 2023-12-31 09376574 d:RetainedEarningsAccumulatedLosses 2022-12-31 09376574 c:FRS102 2023-01-01 2023-12-31 09376574 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09376574 c:FullAccounts 2023-01-01 2023-12-31 09376574 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09376574 2 2023-01-01 2023-12-31 09376574 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 09376574








RUSSELL COMMUNICATIONS LIMITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
RUSSELL COMMUNICATIONS LIMITED
REGISTERED NUMBER: 09376574

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
23,383
33,433

  
23,383
33,433

Current assets
  

Debtors: amounts falling due within one year
 6 
56,955
34,189

Cash at bank and in hand
 7 
65,191
112,706

  
122,146
146,895

Creditors: amounts falling due within one year
 8 
(45,640)
(35,002)

Net current assets
  
 
 
76,506
 
 
111,893

Total assets less current liabilities
  
99,889
145,326

  

Net assets
  
99,889
145,326


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
99,789
145,226

  
99,889
145,326


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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


 
Page 1

 
RUSSELL COMMUNICATIONS LIMITED
REGISTERED NUMBER: 09376574
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 September 2024.




P. M. Batey
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RUSSELL COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Russell Communications Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

 
2.3

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 in the countries where the Company operates and generates income.

Page 3

 
RUSSELL COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Straight Line
Fixtures and fittings
-
25%
Straight Line
Computer equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 4

 
RUSSELL COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
28,603
20,538


28,603
20,538


Total current tax
28,603
20,538

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 19% and 25%. (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


4.


Employees

The average monthly number of employees, including directors, during the year was1 (2022 - 1).

Page 5

 
RUSSELL COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
49,165
7,469
1,628
58,262


Additions
-
833
1,909
2,742



At 31 December 2023

49,165
8,302
3,537
61,004



Depreciation


At 1 January 2023
19,678
4,152
999
24,829


Charge for the year on owned assets
9,833
1,970
989
12,792



At 31 December 2023

29,511
6,122
1,988
37,621



Net book value



At 31 December 2023
19,654
2,180
1,549
23,383



At 31 December 2022
29,487
3,317
630
33,434


6.


Debtors

2023
2022
£
£


Trade debtors
27,960
10,752

Other debtors
4,495
4,937

Accrued income
24,500
18,500

56,955
34,189



7.


Cash

2023
2022
£
£

Cash at bank
65,191
112,706

65,191
112,706


Page 6

 
RUSSELL COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
28,583
20,538

VAT
13,210
12,464

Other creditors
347
-

Accruals
3,500
2,000

45,640
35,002


 
Page 7