Russell & Russell Business Advisers Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC226378 (Scotland)

RUSSELL & RUSSELL BUSINESS ADVISERS

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JANUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A W Russell

K W Russell

I McMonagle

R McMaster

S M Clark

SECRETARY:

K W Russell

REGISTERED OFFICE:

4 Royal Crescent

Glasgow

G3 7SL

REGISTERED NUMBER:

SC226378 (Scotland)

FIXED ASSETS

Intangible assets

2

155,000

175,000

Tangible assets

3

15,107

7,957

Investments

4

161,609

183,817

331,716

366,774

CURRENT ASSETS

Debtors

362,639

351,528

Cash at bank and in hand

214,985

156,341

577,624

507,869

CREDITORS

Amounts falling due within one year

281,882

219,755

NET CURRENT ASSETS

295,742

288,114

TOTAL ASSETS LESS CURRENT
LIABILITIES

627,458

654,888

PROVISIONS FOR LIABILITIES

2,335

760

NET ASSETS

625,123

654,128

CAPITAL AND RESERVES

Called up share capital

5

330

Profit and loss account

624,793

653,798

SHAREHOLDERS' FUNDS

625,123

654,128

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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 28th October 2016 and were signed on its
behalf by:

A W Russell - Director

K W Russell - Director

1.	ACCOUNTING POLICIES

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).

Turnover

The turnover shown in the profit and loss account represents the fees earned during the year, exclusive of

Value Added Tax. Turnover in respect of contracts for on-going services is recognised by reference to the

estimated stage of completion.

Goodwill

Goodwill arising on the acquisition of businesses, representing any excess of the fair value of the

consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and

written off on a straight line basis over its useful economic life of 20 years.

Tangible fixed assets

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

Office equipment

- 25% straight line

Furniture & fittings

- 15% to 20% straight line

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in

periods different from those in which they are included in the company's financial statements. Deferred tax

is provided in full on timing differences which result in an obligation to pay more tax, or a right to pay less

tax, at a future date at the average tax rates that are expected to apply when the timing differences reverse,

based on current tax rates and laws.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

Pensions paid are charged to the profit and loss account in the period in which they are paid.

The company operates a defined contribution group personal pension scheme. Contributions payable to

the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is

any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

Employee benefit trusts

The company has purchased a trust for the benefit of employees and certain of their dependants. Monies

held in this trust are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and the

liabilities of the trust they are accounted for as assets and liabilities of the company until the earlier of the

date that an allocation of trust funds to employees in respect of past services is declared and the date that

assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to

the business and the company can obtain no future economic benefit from those monies, such monies,

whether in the trust or accrued for by the company are charged to the profit and loss period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

and 31st January 2016

400,000

AMORTISATION

At 1st February 2015

225,000

Amortisation for year

20,000

At 31st January 2016

245,000

NET BOOK VALUE

At 31st January 2016

155,000

At 31st January 2015

175,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

50,618

Additions

11,953

Disposals

(256

)

At 31st January 2016

62,315

DEPRECIATION

At 1st February 2015

42,661

Charge for year

4,803

Eliminated on disposal

(256

)

At 31st January 2016

47,208

NET BOOK VALUE

At 31st January 2016

15,107

At 31st January 2015

7,957

4.	FIXED ASSET INVESTMENTS

Loans

£

At 1st February 2015

183,817

Additions

7,792

Disposals

(30,000

)

At 31st January 2016

161,609

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid

Number

Class

Nominal
value

31.1.16

31.1.15

£

165

"A" ordinary

£1

165

132

"B" ordinary

£1

132

33

"C" ordinary

£1

33

330