REGISTERED NUMBER: 05981662 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

RUSSWOOD (EXETER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P M Russell

Mrs N A Russell

SECRETARY:

Mrs N A Russell

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

05981662 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,439

15,373

12,439

15,373

CURRENT ASSETS

Stocks

175

200

Debtors

6

21,270

13,765

Cash at bank

1,967

12,686

23,412

26,651

CREDITORS

Amounts falling due within one year

7

25,799

30,955

NET CURRENT LIABILITIES

(2,387

)

(4,304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,052

11,069

PROVISIONS FOR LIABILITIES

8

494

498

NET ASSETS

9,558

10,571

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

9,358

10,371

SHAREHOLDERS' FUNDS

9,558

10,571

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

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

P M Russell - Director

Mrs N A Russell - Director

1.	STATUTORY INFORMATION

Russwood (Exeter) 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

39,928

8,167

2,201

50,296

Additions

649

-

-

649

Disposals

-

(4,167

)

-

(4,167

)

At 31 March 2025

40,577

4,000

2,201

46,778

DEPRECIATION

At 1 April 2024

29,254

4,220

1,449

34,923

Charge for year

1,698

750

188

2,636

Eliminated on disposal

-

(3,220

)

-

(3,220

)

At 31 March 2025

30,952

1,750

1,637

34,339

NET BOOK VALUE

At 31 March 2025

9,625

2,250

564

12,439

At 31 March 2024

10,674

3,947

752

15,373

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,731

11,165

Other debtors

1,539

2,600

21,270

13,765

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,208

1,983

Taxation and social security

428

428

Other creditors

22,163

28,544

25,799

30,955

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

494

498

Deferred

tax

£

Balance at 1 April 2024

498

Credit to Statement of Income and Retained Earnings during year

(4

)

Balance at 31 March 2025

494

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary 'A'

£1

100

100

200

200

Ordinary 'A' shares are non-voting shares.