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REGISTERED NUMBER: 12491678 (England and Wales)









RUSSELL MEERS & GILL (WORCESTER) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RUSSELL MEERS & GILL (WORCESTER) LIMITED (REGISTERED NUMBER: 12491678)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


RUSSELL MEERS & GILL (WORCESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs K A Gill



REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG



BUSINESS ADDRESS: 5 Malvern Road
Worcester
Worcestershire
WR2 4YD



REGISTERED NUMBER: 12491678 (England and Wales)



ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG



BANKERS: Lloyds Bank plc
4 The Cross
Worcester
Worcestershire
WR1 3PY

RUSSELL MEERS & GILL (WORCESTER) LIMITED (REGISTERED NUMBER: 12491678)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 138,193 157,703
Tangible assets 5 18,583 7,310
Investments 6 4,000 4,000
160,776 169,013

CURRENT ASSETS
Debtors 7 54,304 52,424
Cash at bank and in hand 120,258 67,562
174,562 119,986
CREDITORS
Amounts falling due within one year 8 136,222 167,806
NET CURRENT ASSETS/(LIABILITIES) 38,340 (47,820 )
TOTAL ASSETS LESS CURRENT LIABILITIES 199,116 121,193

CREDITORS
Amounts falling due after more than one year 9 10,000 10,000
NET ASSETS 189,116 111,193

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 188,116 110,193
SHAREHOLDERS' FUNDS 189,116 111,193

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

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

The director acknowledges her 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 31 October 2024 and were signed by:





Mrs K A Gill - Director


RUSSELL MEERS & GILL (WORCESTER) LIMITED (REGISTERED NUMBER: 12491678)

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

1. STATUTORY INFORMATION

Russell Meers & Gill (Worcester) 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

RUSSELL MEERS & GILL (WORCESTER) LIMITED (REGISTERED NUMBER: 12491678)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 195,097
AMORTISATION
At 1 April 2023 37,394
Charge for year 19,510
At 31 March 2024 56,904
NET BOOK VALUE
At 31 March 2024 138,193
At 31 March 2023 157,703

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 7,805 4,248 12,053
Additions 6,405 3,619 7,116 17,140
At 31 March 2024 6,405 11,424 11,364 29,193
DEPRECIATION
At 1 April 2023 - 2,707 2,036 4,743
Charge for year 1,281 1,745 2,841 5,867
At 31 March 2024 1,281 4,452 4,877 10,610
NET BOOK VALUE
At 31 March 2024 5,124 6,972 6,487 18,583
At 31 March 2023 - 5,098 2,212 7,310

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 4,000
NET BOOK VALUE
At 31 March 2024 4,000
At 31 March 2023 4,000

RUSSELL MEERS & GILL (WORCESTER) LIMITED (REGISTERED NUMBER: 12491678)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,813 40,525
Other debtors 10,491 11,899
54,304 52,424

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,601 5,358
Taxation and social security 31,720 26,110
Other creditors 98,901 136,338
136,222 167,806

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 10,000 10,000

10. RELATED PARTY DISCLOSURES

Included within other creditors is an amount due to the director, Mrs K. A. Gill, of £82,484 (2023 - £111,133) which is repayable on demand and on which interest is payable at 10% per annum.

The company acts as guarantor for a loan to the director. At the end of the year the balance outstanding was £122,298 (2023 - £129,588). The loan is repayable over 15 years and the termination date is May 2036.