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
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
Russells Rentals Limited
Statement of financial position
as at 29 February 2024
Investment property
190,000
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
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
Russells Rentals Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Russells Rentals Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Net gain from fair value adjustments
27,056
At 29 February 2024
190,000
6
Creditors: amounts falling due within one year
2024
Loans from directors
51,909
7
Creditors: amounts falling due after more than one year
2024
8
Average number of employees
During the year the average number of employees was 2.