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Company Registration No. 14660426 (England and Wales)
Russells Rentals Limited Unaudited accounts for the year ended 29 February 2024
Russells Rentals Limited Unaudited accounts Contents
Page
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Russells Rentals Limited Company Information for the year ended 29 February 2024
Directors
Ashley John Russell Diane Marie Russell
Company Number
14660426 (England and Wales)
Registered Office
45 Foxhills Way Brackley Northamptonshire NN13 6QW England
Accountants
JMW Accounting 35 Hyperion Lane Brackley Northants NN13 6FU
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Russells Rentals Limited Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
2,077 
Investment property
190,000 
192,077 
Current assets
Cash at bank and in hand
9,299 
Creditors: amounts falling due within one year
(66,752)
Net current liabilities
(57,453)
Total assets less current liabilities
134,624 
Creditors: amounts falling due after more than one year
(152,475)
Provisions for liabilities
Deferred tax
(5,140)
Net liabilities
(22,991)
Capital and reserves
Revaluation reserve
27,056 
Profit and loss account
(50,047)
Shareholders' funds
(22,991)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Diane Marie Russell Director Company Registration No. 14660426
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Russells Rentals Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Russells Rentals Limited is a private company, limited by shares, registered in England and Wales, registration number 14660426. The registered office is 45 Foxhills Way, Brackley, Northamptonshire, NN13 6QW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20
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Russells Rentals Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
2,077 
At 29 February 2024
2,077 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
2,077 
5
Investment property
2024 
£ 
Additions
162,944 
Net gain from fair value adjustments
27,056 
At 29 February 2024
190,000 
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
14,843 
Loans from directors
51,909 
66,752 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
152,475 
8
Average number of employees
During the year the average number of employees was 2.
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