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Company Registration No. 07575248 (England and Wales)
Russell & Young Ltd Unaudited accounts for the year ended 31 August 2024
Russell & Young Ltd Unaudited accounts Contents
Page
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Russell & Young Ltd Company Information for the year ended 31 August 2024
Director
Martin Russell
Company Number
07575248 (England and Wales)
Registered Office
21 The Basement 21 Victoria Park Road exeter EX - Exeter EX2 4NT United Kingdom
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Russell & Young Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,351 
41,351 
Current assets
Debtors
5,583 
7,622 
Investments
16,000 
16,000 
Cash at bank and in hand
2,922 
18,677 
24,505 
42,299 
Creditors: amounts falling due within one year
(5,408)
(34,728)
Net current assets
19,097 
7,571 
Total assets less current liabilities
20,448 
48,922 
Creditors: amounts falling due after more than one year
(7,674)
(10,897)
Net assets
12,774 
38,025 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
12,770 
38,021 
Shareholders' funds
12,774 
38,025 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 24 May 2025 and were signed on its behalf by
Martin Russell Director Company Registration No. 07575248
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Russell & Young Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Russell & Young Ltd is a private company, limited by shares, registered in England and Wales, registration number 07575248. The registered office is 21 The Basement, 21 Victoria Park Road, exeter, EX - Exeter, EX2 4NT, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
40,000 
4,379 
44,379 
Disposals
(40,000)
- 
(40,000)
At 31 August 2024
- 
4,379 
4,379 
Depreciation
At 1 September 2023
- 
3,028 
3,028 
At 31 August 2024
- 
3,028 
3,028 
Net book value
At 31 August 2024
- 
1,351 
1,351 
At 31 August 2023
40,000 
1,351 
41,351 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,923 
7,262 
Accrued income and prepayments
360 
360 
Other debtors
300 
- 
5,583 
7,622 
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Russell & Young Ltd Notes to the Accounts for the year ended 31 August 2024
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
16,000 
16,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,586 
2,445 
Other creditors
2,068 
593 
Loans from directors
754 
31,690 
5,408 
34,728 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,674 
10,897 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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