REGISTERED NUMBER: 06599885 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Russell Laboratories Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Rayner

P R Hill

Mrs N J Ogle

REGISTERED OFFICE:

Rivermead Drive

Rivermead Industrial Estate

Westlea

Swindon

Wiltshire

SN5 7EX

REGISTERED NUMBER:

06599885 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,427,114

1,496,652

CURRENT ASSETS

Stocks

5

27,200

26,100

Debtors

6

520,124

409,511

Cash at bank

461,145

891,870

1,008,469

1,327,481

CREDITORS

Amounts falling due within one year

7

373,145

471,032

NET CURRENT ASSETS

635,324

856,449

TOTAL ASSETS LESS CURRENT LIABILITIES

2,062,438

2,353,101

PROVISIONS FOR LIABILITIES

72,588

66,314

NET ASSETS

1,989,850

2,286,787

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,989,750

2,286,687

SHAREHOLDERS' FUNDS

1,989,850

2,286,787

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

A D Rayner - Director

P R Hill - Director

1.	STATUTORY INFORMATION

Russell Laboratories 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.

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The Company recognises revenue when the following conditions are satisfied:

i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;

ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;

iii. the amount of revenue can be measured reliably;

iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest receivable

Interest income is recognised using the effective interest method.

Tangible fixed assets

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

Freehold property

-

2% on straight line basis

Improvements to property

-

2% on straight line basis

Plant and machinery

-

25% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2025 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2025

1,172,558

44,714

859,870

Additions

-

-

25,273

Disposals

-

-

-

At 31 March 2026

1,172,558

44,714

885,143

DEPRECIATION

At 1 April 2025

152,576

5,339

480,738

Charge for year

17,051

894

38,685

Eliminated on disposal

-

-

-

At 31 March 2026

169,627

6,233

519,423

NET BOOK VALUE

At 31 March 2026

1,002,931

38,481

365,720

At 31 March 2025

1,019,982

39,375

379,132

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2025

23,141

48,265

2,148,548

Additions

6,268

-

31,541

Disposals

-

(48,265

)

(48,265

)

At 31 March 2026

29,409

-

2,131,824

DEPRECIATION

At 1 April 2025

3,188

10,055

651,896

Charge for year

6,239

-

62,869

Eliminated on disposal

-

(10,055

)

(10,055

)

At 31 March 2026

9,427

-

704,710

NET BOOK VALUE

At 31 March 2026

19,982

-

1,427,114

At 31 March 2025

19,953

38,210

1,496,652

5.

STOCKS

2026

2025

£

£

Stocks

27,200

26,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

470,032

350,670

Other debtors

600

292

Prepayments and accrued income

49,492

58,549

520,124

409,511

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

118,797

201,542

Tax

106,293

139,554

Social security and other taxes

27,680

22,583

VAT

84,007

64,171

Other creditors

-

5,892

Accruals and deferred income

36,368

37,290

373,145

471,032