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RUSSELL BUILDING & PROPERTY SERVICES LTD

Registered Number
09068791
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

RUSSELL BUILDING & PROPERTY SERVICES LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

RUSSELL, Michael Robert

Registered Address

40 Barry Road
Southampton
SO19 5LU

Registered Number

09068791 (England and Wales)
RUSSELL BUILDING & PROPERTY SERVICES LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets313,35215,702
13,35215,702
Current assets
Debtors405,833227,062
Cash at bank and on hand34,105-
439,938227,062
Creditors amounts falling due within one year4(302,815)(160,519)
Net current assets (liabilities)137,12366,543
Total assets less current liabilities150,47582,245
Creditors amounts falling due after one year5(10,825)(24,287)
Provisions for liabilities6(2,983)-
Net assets136,66757,958
Capital and reserves
Called up share capital11
Profit and loss account136,66657,957
Shareholders' funds136,66757,958
The financial statements were approved and authorised for issue by the Director on 28 February 2025, and are signed on its behalf by:
RUSSELL, Michael Robert
Director
Registered Company No. 09068791
RUSSELL BUILDING & PROPERTY SERVICES LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 July 2318,81472719,541
Additions-852852
At 30 June 2418,8141,57920,393
Depreciation and impairment
At 01 July 233,763763,839
Charge for year3,0101923,202
At 30 June 246,7732687,041
Net book value
At 30 June 2412,0411,31113,352
At 30 June 2315,05165115,702
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables193,28180,377
Bank borrowings and overdrafts10,40618,512
Taxation and social security92,39356,154
Finance lease and HP contracts2,6462,646
Accrued liabilities and deferred income4,0892,830
Total302,815160,519
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,82524,287
Total10,82524,287
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,983-
Total2,983-