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Moreton-Russell Limited

Registered Number
09357301
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Moreton-Russell Limited
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Robert John Russell
Susan Jane Russell

Registered Address

107 North Street
Martock
TA12 6EJ

Registered Number

09357301 (England and Wales)
Moreton-Russell Limited
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets331,59531,407
31,59531,407
Current assets
Debtors1,6081,037
Cash at bank and on hand4,1224,102
5,7305,139
Creditors amounts falling due within one year4(19,742)(16,680)
Net current assets (liabilities)(14,012)(11,541)
Total assets less current liabilities17,58319,866
Creditors amounts falling due after one year(4,939)(10,070)
Provisions for liabilities(6,003)(5,967)
Net assets6,6413,829
Capital and reserves
Called up share capital100100
Profit and loss account6,5413,729
Shareholders' funds6,6413,829
The financial statements were approved and authorised for issue by the Board of Directors on 1 May 2025, and are signed on its behalf by:
Robert John Russell
Director
Susan Jane Russell
Director

Registered Company No. 09357301
Moreton-Russell Limited
Notes to the Financial Statements
for the year ended 31 December 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2477,465
Additions5,000
At 31 December 2482,465
Depreciation and impairment
At 01 January 2446,058
Charge for year4,812
At 31 December 2450,870
Net book value
At 31 December 2431,595
At 31 December 2331,407
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables400480
Bank borrowings and overdrafts5,0094,887
Amounts owed to related parties11,3557,262
Taxation and social security1,6312,806
Accrued liabilities and deferred income1,3471,245
Total19,74216,680
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.