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REGISTERED NUMBER: 05120999 (England and Wales)















RUSSELL-HUTTON LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






RUSSELL-HUTTON LTD (REGISTERED NUMBER: 05120999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUSSELL-HUTTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M J Hutton





SECRETARY: Ms S Mcdonagh





REGISTERED OFFICE: 993 Ecclesall Road
Sheffield
S11 8TN





REGISTERED NUMBER: 05120999 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

RUSSELL-HUTTON LTD (REGISTERED NUMBER: 05120999)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,622 139,321

CURRENT ASSETS
Stocks 56,545 73,030
Debtors 5 106,537 169,602
Cash at bank 176,345 194,568
339,427 437,200
CREDITORS
Amounts falling due within one year 6 165,031 195,875
NET CURRENT ASSETS 174,396 241,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,018

380,646

CREDITORS
Amounts falling due after more than one
year

7

(91,335

)

(100,595

)

PROVISIONS FOR LIABILITIES (7,893 ) (13,906 )
NET ASSETS 182,790 266,145

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 182,690 266,045
182,790 266,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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-HUTTON LTD (REGISTERED NUMBER: 05120999)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 24 February 2025 and were signed by:





M J Hutton - Director


RUSSELL-HUTTON LTD (REGISTERED NUMBER: 05120999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Russell-Hutton Ltd 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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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-HUTTON LTD (REGISTERED NUMBER: 05120999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 10,257 145,015 30,394 98,141 283,807
Additions - 4,175 - - 4,175
At 30 June 2024 10,257 149,190 30,394 98,141 287,982
DEPRECIATION
At 1 July 2023 9,607 82,025 18,055 34,799 144,486
Charge for year 163 16,791 3,084 15,836 35,874
At 30 June 2024 9,770 98,816 21,139 50,635 180,360
NET BOOK VALUE
At 30 June 2024 487 50,374 9,255 47,506 107,622
At 30 June 2023 650 62,990 12,339 63,342 139,321

RUSSELL-HUTTON LTD (REGISTERED NUMBER: 05120999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 95,015 158,860
Other debtors 11,522 10,742
106,537 169,602

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,419 5,285
Other loans 3,841 1,017
Trade creditors 67,160 67,485
Taxation and social security 8,508 8,825
VAT 31,355 12,709
Other creditors 1,141 1,162
Directors' current accounts 43 344
Accruals and deferred income 44,035 92,224
Accrued expenses 3,529 6,824
165,031 195,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 28,700 34,120
Other loans - 1-2 years 62,635 66,475
91,335 100,595

8. RELATED PARTY DISCLOSURES

In the year ending 30th June 2024, Russell-Hutton Ltd paid £18,000 to the Director in respect of rent of a property they own.