M Russell Limited - Full Accounts

M Russell Limited - Full Accounts

M RUSSELL LIMITED - Company Information

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M Russell Limited


FINANCIAL STATEMENTS


for the year ended 30th September 2016


M Russell Limited

CONTENTS

for the year ended 30th September 2016







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

M Russell Limited

Company No. 02520602

STATEMENT OF FINANCIAL POSITION

as at 30th September 2016

2015
Note£££
FIXED ASSETS
Property, plant and equipment441815541
41815541
CURRENT ASSETS
Debtors5595-
Cash at bank and in hand190504220325
191099220325
CURRENT LIABILITIES
Creditors: amounts falling due
within one year64000945463
NET CURRENT ASSETS151090174862
TOTAL ASSETS LESS CURRENT LIABILITIES155271180403
 
Creditors: amounts falling due
after more than one year--
 
Provisions for liabilities and charges
Deferred taxation11011101
 
NET ASSETS154170179302
 
CAPITAL AND RESERVES
Called up share capital9999
Retained earnings154071179203
SHAREHOLDERS FUNDS154170179302

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th September 2016 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 1 June 2017


M T Russell

Director

Company Number 02520602 (England)

M Russell Limited

NOTES TO THE ACCOUNTS

for the year ended 30th September 2016


1   Statutory information

M Russell Limited is a private company limited by shares and registered under company number 02520602 in England. Its registered office address is 46 Bedford Road, Sidcup, Kent. DA15 7JP.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20% - 25% reducing balance

Deferred Taxation

Provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

Deferred tax is calculated at the tax rates which are expected to apply in the periods when the timing differences will reverse.

3   Employee information

The average number of employees during the accounting period was 1 (2015 - 1).

4   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st October 2015 and
At 30th September 20163087930879
 
Depreciation
At 1st October 2015 2533825338
Charge for year13601360
At 30th September 20162669826698
 
Net Book Value
At 30th September 201641814181
At 30th September 201555415541

5   Debtors20162015
££
 
Other debtors595-
595-

6   Creditors: amounts falling due within one year20162015
££
 
Corporation tax280723189
Taxes and social security costs9674942
Other creditors3623517332
4000945463

7   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20162015
££
 
M T Russell20335932
20335932

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