Russell & Russell Business Advisers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC226378 (Scotland)

RUSSELL & RUSSELL BUSINESS ADVISERS

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I McMonagle

R McMaster

S M Clark

A M McNally

REGISTERED OFFICE:

4 Royal Crescent

Glasgow

G3 7SL

REGISTERED NUMBER:

SC226378 (Scotland)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

20,578

25,464

20,578

25,464

CURRENT ASSETS

Debtors

6

671,926

744,316

Cash at bank

87,919

64,302

759,845

808,618

CREDITORS

Amounts falling due within one year

7

455,871

494,422

NET CURRENT ASSETS

303,974

314,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

324,552

339,660

CREDITORS

Amounts falling due after more than one year

8

(5,303

)

(15,884

)

PROVISIONS FOR LIABILITIES

(3,873

)

(5,642

)

NET ASSETS

315,376

318,134

CAPITAL AND RESERVES

Called up share capital

10

330

Retained earnings

315,046

317,804

SHAREHOLDERS' FUNDS

315,376

318,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2025 and were signed on its behalf by:

S M Clark - Director

R McMaster - Director

1.	STATUTORY INFORMATION

Russell & Russell Business Advisers Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on the going concern basis. The directors believe that the company has adequate resources and support to continue to operate for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents the fees earned and expenses reimbursed during the year, exclusive of Value Added Tax. Turnover in respect of contracts for on-going services is recognised by reference to the estimated stage of completion.

Goodwill

Goodwill arising on the acquisition of a business acquired on 1st November, 2003, representing the excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, has been capitalised and is being written off on a straight line basis over its useful economic life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

- 25% straight line

Furniture & fittings

- 15% to 20% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Pensions paid are charged to the profit and loss account in the period in which they are paid.

The company operates a defined contribution group personal pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

400,000

AMORTISATION

At 1st February 2024

and 31st January 2025

400,000

NET BOOK VALUE

At 31st January 2025

-

At 31st January 2024

-

5.	TANGIBLE FIXED ASSETS

Furniture

Office

& fittings

equipment

Totals

£

COST

At 1st February 2024

36,811

38,860

75,671

Additions

-

3,378

Disposals

(80

)

-

(80

)

At 31st January 2025

36,731

42,238

78,969

DEPRECIATION

At 1st February 2024

18,274

31,933

50,207

Charge for year

4,904

3,361

8,265

Eliminated on disposal

(81

)

-

(81

)

At 31st January 2025

23,097

35,294

58,391

NET BOOK VALUE

At 31st January 2025

13,634

6,944

20,578

At 31st January 2024

18,537

6,927

25,464

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

204,334

331,037

Amounts owed by group undertakings

317,963

228,509

Amounts recoverable on contracts

104,244

123,966

Other debtors

45,385

60,804

671,926

744,316

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts (see note 9)

10,383

10,128

Payments on account

118,352

110,390

Trade creditors

42,268

47,057

Taxation and social security

172,696

196,484

Other creditors

112,172

130,363

455,871

494,422

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans (see note 9)

5,287

15,670

Other creditors

16

214

5,303

15,884

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

Amounts falling due within one year or on demand:

Bank loans

10,383

10,128

Amounts falling due between one and two years:

Bank loans

5,287

15,670

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

132

"A" ordinary

£1

132

68

"B" ordinary

£1

68

49

"C" ordinary

£1

49

16

"D" ordinary

£1

16

49

"E" ordinary

£1

49

16

"F" ordinary

£1

16

330

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2025 and 31st January 2024:

31.1.25

31.1.24

£

I McMonagle

Balance outstanding at start of year

-

38,721

Amounts advanced

65

-

Amounts repaid

-

(38,721

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

65

-

S M Clark

Balance outstanding at start of year

-

Amounts advanced

2,181

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,181

-

The above amounts bear no interest and were repaid after the year end.

12.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Russell + Russell Holdings Limited. The directors are the majority shareholders of Russell + Russell Holdings Ltd therefore the company is considered to be under the control of the directors..

Russell + Russell Holdings Limited is a company registered in Scotland and its company number is SC738882. Its registered office is 4 Royal Crescent, Glasgow, Scotland, G3 7SL.