Company registration number 12261503 (England and Wales)
RUSSELL & GLOVER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
RUSSELL & GLOVER LTD
CONTENTS
Page
Accountants' report
Balance sheet
1
Notes to the financial statements
2 - 3
RUSSELL & GLOVER LTD
BALANCE SHEET
AS AT 30 OCTOBER 2024
30 October 2024
- 1 -
30 October 2024
31 October 2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
378
755
Current assets
Cash at bank and in hand
237
12
Creditors: amounts falling due within one year
4
(37,415)
(30,128)
Net current liabilities
(37,178)
(30,116)
Total assets less current liabilities
(36,800)
(29,361)
Provisions for liabilities
(72)
Net liabilities
(36,872)
(29,361)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
(36,874)
(29,363)
Total equity
(36,872)
(29,361)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 8 April 2025 and are signed on its behalf by:
Mr M D Glover
Mr K A P Russell
Director
Director
Company registration number 12261503 (England and Wales)
RUSSELL & GLOVER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Russell & Glover Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 12 Beechfield Drive, Beechfield Drive, Middlewich, United Kingdom, CW10 9QE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intellectual property
20% on cost
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
RUSSELL & GLOVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2024
- 3 -
3
Intangible fixed assets
Intellectual property
£
Cost
At 31 October 2023 and 30 October 2024
1,886
Amortisation and impairment
At 31 October 2023
1,131
Amortisation charged for the year
377
At 30 October 2024
1,508
Carrying amount
At 30 October 2024
378
At 30 October 2023
755
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
216
Other creditors
37,199
30,128
37,415
30,128
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
6
Ultimate controlling party
There is no ultimate controlling party.