Russmaster Ltd - Accounts

Russmaster Ltd
Statement of Financial Position
As at 31 December 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	2,030	2,217
		2,030	2,217
Current assets
Debtors	4	447	-
Cash at bank and in hand		1,111	866
		1,558	866
Creditors: amount falling due within one year	5	(13,390)	(13,317)
Net current assets		(11,832)	(12,451)

Total assets less current liabilities		(9,802)	(10,234)
Creditors: amount falling due after more than one year	6	(618)	(1,403)
Provisions for liabilities	7	(34)	(34)
Net assets		(10,454)	(11,671)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(10,455)	(11,672)
Shareholders' funds		(10,454)	(11,671)

For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 15 July 2026 and were signed by:

-------------------------------
Paul Michael Russell
Director

Russmaster Ltd
Notes to the Financial Statements
For the year ended 31 December 2025

General Information

Russmaster Ltd is a private company, limited by shares, registered in England and Wales, registration number 07878798, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 January 2025	500	13,788	3,240	17,528
Additions	-	-	356	356
Disposals	-	-	-	-
At 31 December 2025	500	13,788	3,596	17,884
Depreciation
At 01 January 2025	488	12,408	2,415	15,311
Charge for year	3	295	245	543
On disposals	-	-	-	-
At 31 December 2025	491	12,703	2,660	15,854
Net book values
Closing balance as at 31 December 2025	9	1,085	936	2,030
Opening balance as at 01 January 2025	12	1,380	825	2,217

Debtors: amounts falling due within one year

	2025 £		2024 £
Other Debtors	447		-
	447		-

Creditors: amount falling due within one year

	2025 £	2024 £
PAYE & Social Security	-	15
Accrued Expenses	417	417
Directors' Current Accounts	12,973	12,885
	13,390	13,317

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	618		1,403
	618		1,403

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	34		34
	34		34

Share Capital

Authorised
1 Ordinary share of £1.00 each

Allotted, called up and fully paid	2025 £		2024 £
1 Ordinary share of £1.00 each	1		1
	1		1

Registered Number: 07878798
England and Wales
Filleted Accounts

for the year ended 31 December 2025
for
RUSSMASTER LTD