Russell & Sons Plastering Contractors Limited 05842035 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is Plasterers Digita Accounts Production Advanced 6.30.9574.0 true 05842035 2024-07-01 2025-06-30 05842035 2025-06-30 05842035 core:CurrentFinancialInstruments 2025-06-30 05842035 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 05842035 core:FurnitureFittings 2025-06-30 05842035 core:MotorVehicles 2025-06-30 05842035 core:OfficeEquipment 2025-06-30 05842035 core:PlantMachinery 2025-06-30 05842035 bus:SmallEntities 2024-07-01 2025-06-30 05842035 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05842035 bus:FilletedAccounts 2024-07-01 2025-06-30 05842035 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05842035 bus:RegisteredOffice 2024-07-01 2025-06-30 05842035 bus:Director2 2024-07-01 2025-06-30 05842035 bus:Director3 2024-07-01 2025-06-30 05842035 bus:Director4 2024-07-01 2025-06-30 05842035 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05842035 core:FurnitureFittings 2024-07-01 2025-06-30 05842035 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 05842035 core:MotorVehicles 2024-07-01 2025-06-30 05842035 core:OfficeEquipment 2024-07-01 2025-06-30 05842035 core:PlantMachinery 2024-07-01 2025-06-30 05842035 countries:EnglandWales 2024-07-01 2025-06-30 05842035 2024-06-30 05842035 core:FurnitureFittings 2024-06-30 05842035 core:MotorVehicles 2024-06-30 05842035 core:OfficeEquipment 2024-06-30 05842035 core:PlantMachinery 2024-06-30 05842035 2023-07-01 2024-06-30 05842035 2024-06-30 05842035 core:CurrentFinancialInstruments 2024-06-30 05842035 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05842035 core:FurnitureFittings 2024-06-30 05842035 core:MotorVehicles 2024-06-30 05842035 core:OfficeEquipment 2024-06-30 05842035 core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 05842035

Russell & Sons Plastering Contractors Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Russell & Sons Plastering Contractors Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Russell & Sons Plastering Contractors Limited

Company Information

Directors | Mr J Russell Mr W Russell Mr S Russell

Registered office | 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Accountants | Rotherham Taylor Limited Chartered Accountants 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

Russell & Sons Plastering Contractors Limited

(Registration number: 05842035)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 19,143 | 18,824
Current assets |  |  |
Stocks | 5 | 400 | 400
Debtors | 6 | 25,151 | 26,734
Cash at bank and in hand |  | 47,003 | 53,115
|  | 72,554 | 80,249
Creditors: Amounts falling due within one year | 7 | (39,931) | (40,096)
Net current assets |  | 32,623 | 40,153
Total assets less current liabilities |  | 51,766 | 58,977
Provisions for liabilities |  | (3,637) | (3,577)
Net assets |  | 48,129 | 55,400
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 48,127 | 55,398
Shareholders' funds |  | 48,129 | 55,400

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Russell & Sons Plastering Contractors Limited

(Registration number: 05842035)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 5 March 2026 and signed on its behalf by:

......................................... Mr J Russell Director |  |

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP
UK

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

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

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:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% reducing balance
Plant and machinery | 25% reducing balance
Office equipment | 20% on cost
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

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.

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 90 | 18,998 | 2,176 | 45,971 | 67,235
Additions | - | 1,350 | 2,815 | - | 4,165
Disposals | (90) | (7,133) | - | (12,076) | (19,299)
At 30 June 2025 | - | 13,215 | 4,991 | 33,895 | 52,101
Depreciation
At 1 July 2024 | 90 | 18,824 | 1,633 | 27,864 | 48,411
Charge for the year | - | (2,479) | 717 | 4,224 | 2,462
Eliminated on disposal | (90) | (6,959) | - | (10,866) | (17,915)
At 30 June 2025 | - | 9,386 | 2,350 | 21,222 | 32,958
Carrying amount
At 30 June 2025 | - | 3,829 | 2,641 | 12,673 | 19,143
At 30 June 2024 | - | 174 | 543 | 18,107 | 18,824

Russell & Sons Plastering Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | stocks

| 2025 £ | 2024 £
Stock | 400 | 400

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 10,466 | -
Prepayments | 2,225 | 2,496
Other debtors | 12,460 | 24,238
| 25,151 | 26,734

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Directors' loan accounts | 8 | 24,631 | 30,743
Trade creditors |  | 3,262 | 227
Other creditors |  | 12,038 | 9,126
|  | 39,931 | 40,096

8 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Directors' loan accounts | 24,631 | 30,743

The directors' loan accounts are non-interest bearing and have no formal repayment terms.

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £427.50 (2024 - £491.25) per ordinary share |  | 42,750 |  | 49,125