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REGISTERED NUMBER: 04416765 (England and Wales)















ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

RUSSKO LIMITED

RUSSKO LIMITED (REGISTERED NUMBER: 04416765)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RUSSKO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr S V Kotecha
Mr R V Kotecha
Mr V M Kotecha
Mrs S V Kotecha
Mrs U Kotecha
Mrs S Kotecha





REGISTERED OFFICE: Russ House
41 ST Matthews Way
Leicester
Leicestershire
LE1 2BU





REGISTERED NUMBER: 04416765 (England and Wales)





ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ

RUSSKO LIMITED (REGISTERED NUMBER: 04416765)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,762 38,739

CURRENT ASSETS
Stocks 1,286,634 805,484
Debtors 1,086,860 1,070,048
Cash at bank and in hand 354,797 603,369
2,728,291 2,478,901
CREDITORS
Amounts falling due within one year 1,491,042 1,493,529
NET CURRENT ASSETS 1,237,249 985,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,269,011

1,024,111

CREDITORS
Amounts falling due after more than one
year

(108,333

)

(158,333

)

PROVISIONS FOR LIABILITIES (7,941 ) (7,360 )
NET ASSETS 1,152,737 858,418

CAPITAL AND RESERVES
Called up share capital 1,006 1,006
Retained earnings 1,151,731 857,412
SHAREHOLDERS' FUNDS 1,152,737 858,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RUSSKO LIMITED (REGISTERED NUMBER: 04416765)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15th August 2024 and were signed on its behalf by:




Mr R V Kotecha - Director



Mr S V Kotecha - Director


RUSSKO LIMITED (REGISTERED NUMBER: 04416765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Russko 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

RUSSKO LIMITED (REGISTERED NUMBER: 04416765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 163,093
Additions 3,611
At 31st March 2024 166,704
DEPRECIATION
At 1st April 2023 124,354
Charge for year 10,588
At 31st March 2024 134,942
NET BOOK VALUE
At 31st March 2024 31,762
At 31st March 2023 38,739