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REGISTERED NUMBER: 02746689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

RICHARD PAUL RUSSELL LIMITED

RICHARD PAUL RUSSELL LIMITED (REGISTERED NUMBER: 02746689)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RICHARD PAUL RUSSELL LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: Mr Richard Paul Russell



SECRETARY: Mrs Susan Hope Beech



REGISTERED OFFICE: The Lodge
Unit 1 Barnes Farm Business Park
Barnes Lane
Milford-on-Sea
Hampshire
SO41 0AP



REGISTERED NUMBER: 02746689 (England and Wales)



ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX



BANKERS: National Westminster Bank
38 High Street
Lymington
Hampshire
SO41 9SY

RICHARD PAUL RUSSELL LIMITED (REGISTERED NUMBER: 02746689)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,641 94,627

CURRENT ASSETS
Stocks 236,795 283,074
Debtors 5 119,247 58,048
Cash at bank and in hand 45,041 95,596
401,083 436,718
CREDITORS
Amounts falling due within one year 6 205,198 210,336
NET CURRENT ASSETS 195,885 226,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,526

321,009

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,426 320,909
SHAREHOLDERS' FUNDS 288,526 321,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:




Mr Richard Paul Russell - Director


RICHARD PAUL RUSSELL LIMITED (REGISTERED NUMBER: 02746689)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Richard Paul Russell Limited 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 15% on reducing balance

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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

RICHARD PAUL RUSSELL LIMITED (REGISTERED NUMBER: 02746689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

Employment benefits
The costs of short-term employee benefits are recognized as a liability and an expense, unless those costs are required to be recognized as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognized in the period in which the employee's services are received

Termination benefits are recognized immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 November 2023
and 31 October 2024 81,383 8,030 11,815
DEPRECIATION
At 1 November 2023 - 6,203 9,981
Charge for year - 274 275
At 31 October 2024 - 6,477 10,256
NET BOOK VALUE
At 31 October 2024 81,383 1,553 1,559
At 31 October 2023 81,383 1,827 1,834

RICHARD PAUL RUSSELL LIMITED (REGISTERED NUMBER: 02746689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 18,357 37,772 157,357
DEPRECIATION
At 1 November 2023 8,774 37,772 62,730
Charge for year 1,437 - 1,986
At 31 October 2024 10,211 37,772 64,716
NET BOOK VALUE
At 31 October 2024 8,146 - 92,641
At 31 October 2023 9,583 - 94,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,902 40,394
Other debtors 72,345 17,654
119,247 58,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,913 35,664
Taxation and social security 6,884 6,389
Other creditors 178,401 168,283
205,198 210,336

7. ULTIMATE CONTROLLING PARTY

In the opinion of the director the company is ultimately controlled by R P Russell.