REGISTERED NUMBER: 07917432 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Russdales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Davies

S S Dunderdale

REGISTERED OFFICE:

940 Green Lanes

London

N21 2AD

REGISTERED NUMBER:

07917432 (England and Wales)

ACCOUNTANTS:

Graeme Bruce & Partners LLP

940 Green Lanes

London

N21 2AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

698,620

704,988

698,620

704,988

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

6

65,044

28,883

Cash at bank

176,498

131,222

247,542

166,105

CREDITORS

Amounts falling due within one year

7

352,738

291,391

NET CURRENT LIABILITIES

(105,196

)

(125,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

593,424

579,702

CREDITORS

Amounts falling due after more than one year

8

171,856

233,798

NET ASSETS

421,568

345,904

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

421,465

345,801

SHAREHOLDERS' FUNDS

421,568

345,904

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:

R M Davies - Director

1.	STATUTORY INFORMATION

Russdales Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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 etc

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

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

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

679,514

53,287

732,801

DEPRECIATION

At 1 April 2024

-

27,813

27,813

Charge for year

-

6,368

6,368

At 31 March 2025

-

34,181

34,181

NET BOOK VALUE

At 31 March 2025

679,514

19,106

698,620

At 31 March 2024

679,514

25,474

704,988

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

64,941

28,780

Other debtors

103

103

65,044

28,883

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

31,232

21,998

Taxation and social security

73,109

44,501

Other creditors

248,397

224,892

352,738

291,391

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

171,856

233,798

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

171,856

231,004