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Draft

RUSSAM GMS LIMITED

Registered Number:01865337

For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements

2

Draft

For the year ended 31 March 2025
RUSSAM GMS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3

Draft

Registered Number :

01865337

As at 31 March 2025

RUSSAM GMS LIMITED
Statement of Financial Position

£

£

2024
2025

Notes

Fixed assets

Property, plant and equipment

4,577
6,981

Financial assets

48,000
48,000
52,577
54,981

Current assets

Trade and other receivables

412,463
380,117
2
19,395

Cash and cash equivalents

23,029
403,146
431,858

Trade and other payables: amounts falling due within one
year

(314,673)
(319,021)
3
117,185
84,125
Net current assets

Total assets less current liabilities

136,702
172,166

Trade and other payables: amounts falling due after more
than one year

(22,887)
(13,093)
4
123,609
Net assets
149,279

Capital and reserves

Called up share capital

47,000
47,000

Share premium account

45,500
45,500

Retained earnings

31,109
56,779
123,609
149,279
Shareholders' funds

For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

R E Hutchinson Director

These financial statements were approved and authorised for issue by the Board on 04 September 2025 and were signed by:

The notes form part of these financial statements

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4

Draft

For the year ended 31 March 2025
RUSSAM GMS LIMITED
Notes to the Financial Statements
Statutory Information

RUSSAM GMS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 01865337.

Registered address:

SUITE 1B AW HOUSE
6-8 STUART STREET
LUTON
BEDFORDSHIRE
LU1 2SJ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20-33% Straight line

Office equipment
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

2. Trade and other receivables

2024
2025

£

£

Trade debtors

137,812
196,176

Amounts owed by group undertakings and participating interests

156,703
156,703

Other debtors

85,602
59,584
412,463
380,117
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5

Draft

For the year ended 31 March 2025
RUSSAM GMS LIMITED
Notes to the Financial Statements Continued

3. Trade and other payables: amounts falling due within one year

2024
2025

£

£

Trade creditors

125,026
92,032

Taxation and social security

124,262
117,040

Other creditors

69,733
105,601
319,021
314,673

4. Trade and other payables: amounts falling due after more than one year

2024
2025

£

£

Bank loans and overdraft

13,093
22,887

5. Average number of persons employed

During the year the average number of employees was 10 (2024 : 10)
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