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REGISTERED NUMBER: 04673924 (England and Wales)















Richter Limited
Trading as
Golden Hill Garage

Unaudited Financial Statements

for the Year Ended 31 March 2018






Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richter Limited
Trading as Golden Hill Garage

Company Information
for the year ended 31 March 2018







DIRECTOR: GR Smith





REGISTERED OFFICE: Golden Hill Garage
208-216 Golden Hill Lane
Leyland
Preston
Lancashire
PR25 2YE





REGISTERED NUMBER: 04673924 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,749 13,012
22,749 13,012

CURRENT ASSETS
Stocks 746,114 667,713
Debtors 6 31,682 15,782
Cash in hand 50 100
777,846 683,595
CREDITORS
Amounts falling due within one year 7 588,312 509,050
NET CURRENT ASSETS 189,534 174,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,283

187,557

CREDITORS
Amounts falling due after more than one
year

8

(112,844

)

(110,744

)

PROVISIONS FOR LIABILITIES 10 (3,668 ) (1,626 )
NET ASSETS 95,771 75,187

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 95,671 75,087
SHAREHOLDERS' FUNDS 95,771 75,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 8 November 2018 and were signed by:





GR Smith - Director


Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

Richter 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods excluding value added tax.

Goodwill
Goodwill arose in 2003 on the purchase of the business and, initially, the director assessed the useful
economic life of the goodwill to be 20 years. The director performed a review of the useful economic
life of this goodwill during the year ended 31 March 2010 and reassessed the remaining useful
economic life to be 3 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Equipment and furniture - 12.5% to 33.33% on cost
Motor vehicles - 33% on cost

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions
of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are
initially measured at transaction price and are subsequently carried at cost unless the arrangement
indicates otherwise and then the asset is measured at the present value of the future receipts
discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals,
bank loans and group borrowings, are initially recognised at transaction price and are subsequently
carried at cost unless the arrangement indicates otherwise and then the liability is measured at the
present value of the future obligations discounted at a market rate of interest.


Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Notes to the Financial Statements - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 169,638
AMORTISATION
At 1 April 2017
and 31 March 2018 169,638
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Notes to the Financial Statements - continued
for the year ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Equipment
Plant and and Motor
machinery furniture vehicles Totals
£    £    £    £   
COST
At 1 April 2017 50,834 50,018 750 101,602
Additions 13,223 2,295 3,438 18,956
Disposals - - (750 ) (750 )
At 31 March 2018 64,057 52,313 3,438 119,808
DEPRECIATION
At 1 April 2017 45,086 42,754 750 88,590
Charge for year 4,932 3,523 764 9,219
Eliminated on disposal - - (750 ) (750 )
At 31 March 2018 50,018 46,277 764 97,059
NET BOOK VALUE
At 31 March 2018 14,039 6,036 2,674 22,749
At 31 March 2017 5,748 7,264 - 13,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 26,777 9,418
Other debtors 350 -
Prepayments and accrued income 4,555 6,364
31,682 15,782

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 354,017 359,035
Trade creditors 107,656 42,112
Corporation tax 2,766 750
Social security and other taxes 21,497 20,562
Accruals and deferred income 102,376 86,591
588,312 509,050

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Director's loan account 112,844 110,744

The director's loan is unsecured and interest free.

Richter Limited (Registered number: 04673924)
Trading as Golden Hill Garage

Notes to the Financial Statements - continued
for the year ended 31 March 2018

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank overdrafts 354,017 359,035

The bank overdraft is secured by a debenture over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Accelerated capital allowances 3,668 1,626

Deferred
tax
£   
Balance at 1 April 2017 1,626
Charge to Income Statement during year 2,042
Balance at 31 March 2018 3,668

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary A £1 100 100

12. RELATED PARTY DISCLOSURES

Mr GR Smith has given a personal guarantee to secure the bank loan and overdraft.

The property occupied by the company is owned by Mr GR Smith's personal pension scheme. During
the year the company was charged rent by the pension scheme of £46,200 (2017: £46,200).

In the director's opinion the company is controlled by Mr GR Smith.