REGISTERED NUMBER: 08440523 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MJ and RD Russell Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Russell

R D Russell

REGISTERED OFFICE:

Bridge Farm

Stanton Road

Chew Magna

Bristol

BS40 8RS

REGISTERED NUMBER:

08440523 (England and Wales)

ACCOUNTANTS:

Halls & Hughes

38 Pollard Road

Weston-super-Mare

North Somerset

BS24 7DT

FIXED ASSETS

Tangible assets

4

156,846

157,660

Herd basis

5

6,120

26,660

162,966

184,320

CURRENT ASSETS

Stocks

135,570

130,620

Debtors

6

11,868

99,207

Cash at bank

480,941

500,208

628,379

730,035

CREDITORS

Amounts falling due within one year

7

367,845

530,645

NET CURRENT ASSETS

260,534

199,390

TOTAL ASSETS LESS CURRENT LIABILITIES

423,500

383,710

PROVISIONS FOR LIABILITIES

22,750

22,900

NET ASSETS

400,750

360,810

CAPITAL AND RESERVES

Called up share capital

2

2

Herd disposal reserve

94,698

18,276

Retained earnings

306,050

342,532

SHAREHOLDERS' FUNDS

400,750

360,810

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 20 December 2025 and were signed on its behalf by:

M J Russell - Director

R D Russell - Director

1.	STATUTORY INFORMATION

MJ and RD Russell 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 represents the sales of milk and livestock made during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Quota and buildings

-

not provided

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Quota and

Plant and

Motor

buildings

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

37,105

264,777

32,344

334,226

Additions

-

14,095

4,935

19,030

At 31 March 2025

37,105

278,872

37,279

353,256

DEPRECIATION

At 1 April 2024

-

161,832

14,734

176,566

Charge for year

-

15,442

4,402

19,844

At 31 March 2025

-

177,274

19,136

196,410

NET BOOK VALUE

At 31 March 2025

37,105

101,598

18,143

156,846

At 31 March 2024

37,105

102,945

17,610

157,660

5.	HERD BASIS

Dairy

herd

basis

£

COST

At 1 April 2024

26,660

Disposals

(20,540

)

At 31 March 2025

6,120

NET BOOK VALUE

At 31 March 2025

6,120

At 31 March 2024

26,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

89,806

Other debtors

11,868

9,401

11,868

99,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

56,263

87,413

Taxation and social security

-

5,128

Other creditors

311,582

438,104

367,845

530,645