Company Registration No. 14660426 (England and Wales)
Russells Rentals Limited
Unaudited accounts
for the year ended 28 February 2025
Russells Rentals Limited
Unaudited accounts
Contents
Russells Rentals Limited
Company Information
for the year ended 28 February 2025
Directors
Ashley John Russell
Diane Marie Russell
Company Number
14660426 (England and Wales)
Registered Office
45 Foxhills Way
Brackley
Northamptonshire
NN13 6QW
England
Accountants
JMW Accounting
35 Hyperion Lane
Brackley
Northants
NN13 6FU
Russells Rentals Limited
Accountants' report
Accountants' report to the board of directors of Russells Rentals Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 28 February 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
JMW Accounting
35 Hyperion Lane
Brackley
Northants
NN13 6FU
22 September 2024
Russells Rentals Limited
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
569
Creditors: amounts falling due within one year
(67,829)
Net current liabilities
(67,260)
Total assets less current liabilities
134,402
Creditors: amounts falling due after more than one year
(157,449)
Profit and loss account
(27,698)
Shareholders' funds
(23,047)
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Diane Marie Russell
Director
Company Registration No. 14660426
Russells Rentals Limited
Notes to the Accounts
for the year ended 28 February 2025
Russells Rentals Limited is a private company, limited by shares, registered in England and Wales, registration number 14660426. The registered office is 45 Foxhills Way, Brackley, Northamptonshire, NN13 6QW, England.
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.
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 March 2024
190,000
2,077
192,077
Revaluations
10,000
-
10,000
At 28 February 2025
200,000
2,077
202,077
Charge for the year
-
415
415
At 28 February 2025
-
415
415
At 28 February 2025
200,000
1,662
201,662
Russells Rentals Limited
Notes to the Accounts
for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025
Loans from directors
64,486
6
Creditors: amounts falling due after more than one year
2025
7
Average number of employees
During the year the average number of employees was 2.