M Russell Limited

Company No. 02520602


ABBREVIATED ACCOUNTS

for the year ended 30th September 2013


M Russell Limited

Company No. 02520602

ABBREVIATED BALANCE SHEET

as at 30th September 2013

2012
Note £ £ £
FIXED ASSETS
Intangible assets - -
Tangible assets 2 4028 5055
Investments - -
4028 5055
CURRENT ASSETS
Stocks - -
Debtors - -
Investments held as current assets - -
Cash at bank and in hand 131571 100806
131571 100806
Creditors: amounts falling due
within one year 65916 77041
NET CURRENT ASSETS 65655 23765
TOTAL ASSETS LESS CURRENT LIABILITIES 69683 28820
 
Creditors: amounts falling due
after more than one year - -
 
Provisions for liabilities and charges 1101 1101
68582 27719
CAPITAL AND RESERVES
Called up share capital 99 99
Share premium account - -
Revaluation reserve - -
Other reserves - -
Profit and loss account 68483 27620
SHAREHOLDERS FUNDS 68582 27719

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.

For the year ended 30th September 2013 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 9 May 2014


M T Russell

Director


M Russell Limited

NOTES TO THE ABBREVIATED ACCOUNTS

for the year ended 30th September 2013


1   Accounting Policies

The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards.

Turnover

Turnover represents the invoiced value of goods and services supplied by the Company, net of value added tax and trade discounts.

Depreciation

Depreciation is provided on all tangible fixed assets, 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 vehicles 20% - 25% reducing balance

Deferred Taxation

Full provision is made for deferred taxation resulting from 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, and discounted to reflect the time value of money using rates based on the post-tax yields to maturity that could be obtained at the balance sheet date on government bonds with similar maturity dates.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2   Tangible Fixed Assets
£
Cost
At 1st October 2012 25469
Additions 250
Surplus on revaluation -
Disposals -
At 30th September 2013 25719
 
Depreciation
At 1st October 2012 20414
Charge for year 1277
Released by Disposals -
At 30th September 2013 21691
 
Net Book Value
At 30th September 2013 4028
At 30th September 2012 5055
2013-09-30falsetrue2012-10-012013-09-3002520602uk-bus:Director12012-10-012013-09-3002520602uk-gaap:VehiclesPlantMachinery2012-10-012013-09-30025206022012-10-012013-09-30 025206022013-09-30 025206022012-09-30iso4217:GBP

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