REGISTERED NUMBER: SC531383 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

RUSSELL JOINERY & CONSTRUCTION LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Russell

J A Russell

REGISTERED OFFICE:

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

REGISTERED NUMBER:

SC531383 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 4.5 Turnberry House

175 West George Street

Glasgow

G2 2LB

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

485,131

460,909

Investments

6

51

-

485,182

462,909

CURRENT ASSETS

Stocks

41,640

12,000

Debtors

566,273

815,319

Cash at bank and in hand

563,596

326,413

1,171,509

1,153,732

CREDITORS

Amounts falling due within one year

573,120

644,011

NET CURRENT ASSETS

598,389

509,721

TOTAL ASSETS LESS CURRENT LIABILITIES

1,083,571

972,630

CREDITORS

Amounts falling due after more than one year

(87,073

)

(20,344

)

PROVISIONS FOR LIABILITIES

(50,303

)

(61,307

)

NET ASSETS

946,195

890,979

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

946,193

890,977

SHAREHOLDERS' FUNDS

946,195

890,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 October 2026 and were signed on its behalf by:

Mrs M Russell - Director

J A Russell - Director

1.	STATUTORY INFORMATION

Russell Joinery & Construction Ltd is a private company, limited by shares , registered in Scotland. 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.

In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

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 2017, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the equity after deducting all of its financial liabilities.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

20,000

AMORTISATION

At 1 April 2025

18,000

Amortisation for year

2,000

At 31 March 2026

20,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

2,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

794,596

Additions

204,011

Disposals

(125,140

)

At 31 March 2026

873,467

DEPRECIATION

At 1 April 2025

333,687

Charge for year

113,014

Eliminated on disposal

(58,365

)

At 31 March 2026

388,336

NET BOOK VALUE

At 31 March 2026

485,131

At 31 March 2025

460,909

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2025

72,800

Additions

149,873

At 31 March 2026

222,673

DEPRECIATION

At 1 April 2025

18,200

Charge for year

51,118

At 31 March 2026

69,318

NET BOOK VALUE

At 31 March 2026

153,355

At 31 March 2025

54,600

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

51

At 31 March 2026

51

NET BOOK VALUE

At 31 March 2026

51

The above balance represents investments in unlisted equity shares comprising 50 ordinary shares in Sloan Russell Ltd, representing 50% of the issued share capital, and 1 ordinary share in Freeland & Russell Development Ltd, representing 50% of the issued share capital. Both entities are incorporated and registered in Scotland.