REGISTERED NUMBER: 09515354 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 27 MARCH 2015 TO 31 JULY 2016

FOR

E RUSSELL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R W Parsonage

T J Stone

A Morris

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

09515354 (England and Wales)

ACCOUNTANTS:

Barber & Company

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

2

9,081

Investments

3

1

9,082

CURRENT ASSETS

Stocks

19,820

Debtors

288,128

Cash at bank and in hand

3,406

311,354

CREDITORS

Amounts falling due within one year

631,317

NET CURRENT LIABILITIES

(319,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(310,881

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(311,881

)

SHAREHOLDERS' FUNDS

(310,881

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 February 2017 and were signed on its behalf by:

R W Parsonage - Director

T J Stone - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date, the company had net current liabilities amounting to £319,963 and total liabilities

amounting to £310,881.

The company meets its day to day working capital requirements with the support of its creditors, directors and

shareholders. The board has taken this into account in its decision to prepare the financial statements on a going

concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about E Russell Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investments in group companies

Investments in group companies are stated at historical cost, less full provision for the directors' estimated

impairments at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

13,620

At 31 July 2016

13,620

DEPRECIATION

Charge for period

4,539

At 31 July 2016

4,539

NET BOOK VALUE

At 31 July 2016

9,081

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

50,000

Impairments

(49,999

)

At 31 July 2016

1

NET BOOK VALUE

At 31 July 2016

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rumps Ltd

Nature of business: Meat Wholesaler

%

Class of shares:

holding

Ordinary £1 shares

90.00

Preference shares

90.00

31.7.16

£

Aggregate capital and reserves

(242,747

)

Loss for the period

(287,152

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

1

1,000