RUSSELL FARLEY SERVICES LIMITED


Director	Russell Farley


Registered Address	2 Moor Close
	Compton Dundon
	Somerton
	TA11 6PA


Registered Number	05725909 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		171,380		112,256
			171,380		112,256
Current assets
Stocks	4	20,447		7,300
Debtors		39,967		16,408
Cash at bank and on hand		-		9,520
		60,414		33,228
Creditors amounts falling due within one year	5	(82,638)		(59,795)
Net current assets (liabilities)			(22,224)		(26,567)
Total assets less current liabilities			149,156		85,689
Creditors amounts falling due after one year	6		(97,812)		(60,284)
Net assets			51,344		25,405
Capital and reserves
Called up share capital			1		1
Profit and loss account			51,343		25,404
Shareholders' funds			51,344		25,405

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 28 August 2025, and are signed on its behalf by:

Russell Farley
Director
Registered Company No. 05725909

RUSSELL FARLEY SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	Under the going concern basis of accounting, the financial statements are prepared on the assumption that the entity is a going concern and will continue its operations for the foreseeable future.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	-	4

	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.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		1

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	164,925	44,450	2,972	212,347
Additions	124,519	-	-	124,519
Disposals	(6,000)	-	-	(6,000)
At 31 March 25	283,444	44,450	2,972	330,866
Depreciation and impairment
At 01 April 24	75,852	21,647	2,592	100,091
Charge for year	53,398	5,701	296	59,395
At 31 March 25	129,250	27,348	2,888	159,486
Net book value
At 31 March 25	154,194	17,102	84	171,380
At 31 March 24	89,073	22,803	380	112,256

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	1,450	510
Work in progress	18,997	6,790
Total	20,447	7,300

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,956	13,201
Bank borrowings and overdrafts	10,597	13,000
Amounts owed to related parties	-	504
Taxation and social security	12,608	5,920
Finance lease and HP contracts	53,911	25,856
Accrued liabilities and deferred income	1,566	1,314
Total	82,638	59,795


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	97,812	60,284
Total	97,812	60,284

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	151,724		86,139