Anthony Russel Limited


Director	Mr W R Hockley FCA


Registered Address	1st Floor, 11 Freeport Office Village
	Century Drive
	Braintree
	CM77 8YG


Registered Number	03865881 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		13,552		7,464
			13,552		7,464
Current assets
Debtors	4	246,963		238,268
Cash at bank and on hand		33,617		32,107
		280,580		270,375
Creditors amounts falling due within one year	5	(226,662)		(233,976)
Net current assets (liabilities)			53,918		36,399
Total assets less current liabilities			67,470		43,863
Creditors amounts falling due after one year	6		(32,617)		(31,320)
Provisions for liabilities	8		(2,405)		(1,866)
Net assets			32,448		10,677
Capital and reserves
Called up share capital			680		680
Profit and loss account			31,768		9,997
Shareholders' funds			32,448		10,677

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

Mr W R Hockley FCA
Director
Registered Company No. 03865881

Anthony Russel Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Defined contribution pension plan
	A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined contribution pension plan

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

	Borrowing costs
	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tangible fixed assets and depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:


		Straight line (years)
	Fixtures and fittings	3
	Office Equipment	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	13		13

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	6,571	25,283	31,854
Additions	910	10,210	11,120
Disposals	-	(5,945)	(5,945)
At 31 December 24	7,481	29,548	37,029
Depreciation and impairment
At 01 January 24	1,636	22,754	24,390
Charge for year	1,204	3,828	5,032
On disposals	-	(5,945)	(5,945)
At 31 December 24	2,840	20,637	23,477
Net book value
At 31 December 24	4,641	8,911	13,552
At 31 December 23	4,935	2,529	7,464

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	61,687	51,149
Other debtors	167,971	172,493
Prepayments and accrued income	17,305	14,626
Total	246,963	238,268

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	23,050	28,868
Bank borrowings and overdrafts	12,213	19,462
Taxation and social security	86,743	71,392
Finance lease and HP contracts	2,160	-
Other creditors	98,697	109,555
Accrued liabilities and deferred income	3,799	4,699
Total	226,662	233,976

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	25,811	31,320
Other creditors	6,806	-
Total	32,617	31,320

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	8,966		-

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	2,405	1,866
Total	2,405	1,866

9.	Directors advances, credits and guarantees
	During the year the following advances and credits were made to directors, advances £91,491 (2023 £132,796) credits £110,284 (2023 £158,033), year end balance £30,409 (2023 £49,202). During the year interest has been charged at 2.25%.