IRIS Accounts Production v24.1.4.33 SC226378 Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false "A" ordinary 1.00000 "B" ordinary 1.00000 "C" ordinary 1.00000 "A" ordinary 1.00000 "B" ordinary 1.00000 "C" ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2263782023-01-31SC2263782024-01-31SC2263782023-02-012024-01-31SC2263782022-01-31SC2263782022-02-012023-01-31SC2263782023-01-31SC226378ns15:Scotland2023-02-012024-01-31SC226378ns14:PoundSterling2023-02-012024-01-31SC226378ns10:Director12023-02-012024-01-31SC226378ns10:Director22023-02-012024-01-31SC226378ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC226378ns10:SmallEntities2023-02-012024-01-31SC226378ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC226378ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC226378ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC226378ns10:FullAccounts2023-02-012024-01-31SC22637812023-02-012024-01-31SC226378ns10:OrdinaryShareClass32023-02-012024-01-31SC226378ns10:OrdinaryShareClass42023-02-012024-01-31SC226378ns10:OrdinaryShareClass52023-02-012024-01-31SC226378ns10:Director32023-02-012024-01-31SC226378ns10:Director42023-02-012024-01-31SC226378ns10:RegisteredOffice2023-02-012024-01-31SC226378ns5:CurrentFinancialInstruments2024-01-31SC226378ns5:CurrentFinancialInstruments2023-01-31SC226378ns5:Non-currentFinancialInstruments2024-01-31SC226378ns5:Non-currentFinancialInstruments2023-01-31SC226378ns5:ShareCapital2024-01-31SC226378ns5:ShareCapital2023-01-31SC226378ns5:RetainedEarningsAccumulatedLosses2024-01-31SC226378ns5:RetainedEarningsAccumulatedLosses2023-01-31SC226378ns5:NetGoodwill2023-02-012024-01-31SC226378ns5:NetGoodwill2023-01-31SC226378ns5:NetGoodwill2024-01-31SC226378ns5:NetGoodwill2023-01-31SC226378ns5:FurnitureFittings2023-01-31SC226378ns5:ComputerEquipment2023-01-31SC226378ns5:FurnitureFittings2023-02-012024-01-31SC226378ns5:ComputerEquipment2023-02-012024-01-31SC226378ns5:FurnitureFittings2024-01-31SC226378ns5:ComputerEquipment2024-01-31SC226378ns5:FurnitureFittings2023-01-31SC226378ns5:ComputerEquipment2023-01-31SC226378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC226378ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31SC226378ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-31SC226378ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-31SC226378ns10:OrdinaryShareClass32024-01-31SC226378ns10:OrdinaryShareClass42024-01-31SC226378ns10:OrdinaryShareClass52024-01-31SC226378ns10:Director332023-01-31SC226378ns10:Director332022-01-31SC226378ns10:Director332023-02-012024-01-31SC226378ns10:Director332022-02-012023-01-31SC226378ns10:Director332024-01-31SC226378ns10:Director332023-01-31
REGISTERED NUMBER: SC226378 (Scotland)









RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: I McMonagle
R McMaster
S M Clark
A M McNally





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC226378 (Scotland)






RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 25,464 12,011
25,464 27,011

CURRENT ASSETS
Debtors 6 744,316 693,479
Cash at bank and in hand 64,302 88,384
808,618 781,863
CREDITORS
Amounts falling due within one year 7 494,422 389,928
NET CURRENT ASSETS 314,196 391,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,660

418,946

CREDITORS
Amounts falling due after more than one year 8 (15,884 ) (26,208 )

PROVISIONS FOR LIABILITIES (5,642 ) (1,730 )
NET ASSETS 318,134 391,008

CAPITAL AND RESERVES
Called up share capital 10 330 330
Retained earnings 317,804 390,678
SHAREHOLDERS' FUNDS 318,134 391,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Board of Directors and authorised for issue on 30th October 2024 and were signed on its behalf by:




S M Clark - Director



R McMaster - Director


RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

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

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the fees earned and expenses reimbursed during the year, exclusive of Value Added Tax. Turnover in respect of contracts for on-going services is recognised by reference to the estimated stage of completion.

Goodwill
Goodwill arising on the acquisition of a business acquired on 1st November, 2003, representing the excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, has been capitalised and is being written off on a straight line basis over its useful economic life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment- 25% straight line
Furniture & fittings- 15% to 20% straight line

Government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Revenue grants are credited to the profit and loss account to match the related expenditure.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

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

2. ACCOUNTING POLICIES - continued
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.

Operating leases
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
Pensions paid are charged to the profit and loss account in the period in which they are paid.

The company operates a defined contribution group personal pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 400,000
AMORTISATION
At 1st February 2023 385,000
Amortisation for year 15,000
At 31st January 2024 400,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 15,000

RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

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

5. TANGIBLE FIXED ASSETS
Furniture Office
& fittings equipment Totals
£    £    £   
COST
At 1st February 2023 22,093 54,552 76,645
Additions 19,630 2,430 22,060
Disposals (4,912 ) (18,122 ) (23,034 )
At 31st January 2024 36,811 38,860 75,671
DEPRECIATION
At 1st February 2023 18,881 45,753 64,634
Charge for year 4,282 4,302 8,584
Eliminated on disposal (4,889 ) (18,122 ) (23,011 )
At 31st January 2024 18,274 31,933 50,207
NET BOOK VALUE
At 31st January 2024 18,537 6,927 25,464
At 31st January 2023 3,212 8,799 12,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 331,037 460,013
Amounts owed by group undertakings 228,509 10,000
Amounts recoverable on contracts 123,966 141,660
Other debtors 60,804 81,806
744,316 693,479

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 10,128 9,872
Payments on account 110,390 72,041
Trade creditors 47,057 16,603
Taxation and social security 196,484 240,053
Other creditors 130,363 51,359
494,422 389,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 15,670 25,797
Other creditors 214 411
15,884 26,208

RUSSELL & RUSSELL BUSINESS ADVISERS
LIMITED (REGISTERED NUMBER: SC226378)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,128 9,872

Amounts falling due between one and two years:
Bank loans 15,670 25,797

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
132 "A" ordinary £1 132 132
68 "B" ordinary £1 68 68
49 "C" ordinary £1 49 49
16 "D" ordinary £1 16 16
49 "E" ordinary £1 49 49
16 "F" ordinary £1 16 16
330 330

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

31.1.24 31.1.23
£    £   
I McMonagle
Balance outstanding at start of year 38,721 -
Amounts advanced - 38,721
Amounts repaid (38,721 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 38,721

This amount bears no interest.

12. ULTIMATE CONTROLLING PARTY

The company was considered to be under the control of the directors throughout the current and previous year.

On 4th November, 2022 the company became a subsidiary of Russell + Russell Holdings Limited. The directors are the majority shareholders of Russell + Russell Holdings Ltd.

Russell + Russell Holdings Limited is a company registered in Scotland and its company number is SC738882. Its registered office is 4 Royal Crescent, Glasgow, Scotland, G3 7SL.