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REGISTERED NUMBER: 00548018 (England and Wales)












JOHN RICHARDSON & SON (GOSBERTON) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022






JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOHN RICHARDSON & SON (GOSBERTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DIRECTORS: Mrs S A Richardson
D I Richardson
P R Richardson





SECRETARY: Mrs S A Richardson





REGISTERED OFFICE: Castledyke Farm
Gipsey Bridge
Boston
Lincolnshire
PE22 7BW





REGISTERED NUMBER: 00548018 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

BALANCE SHEET
5 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,220,311 1,226,237
Investments 4 81 81
1,220,392 1,226,318

CURRENT ASSETS
Stocks 5 352,360 215,025
Debtors 6 190,417 233,707
Cash at bank 177,299 125,015
720,076 573,747
CREDITORS
Amounts falling due within one year 7 390,054 269,650
NET CURRENT ASSETS 330,022 304,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,550,414

1,530,415

CREDITORS
Amounts falling due after more than one
year

8

1,142,716

1,249,670
NET ASSETS 407,698 280,745

CAPITAL AND RESERVES
Called up share capital 49,265 49,265
Retained earnings 358,433 231,480
SHAREHOLDERS' FUNDS 407,698 280,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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.

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

BALANCE SHEET - continued
5 APRIL 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:





P R Richardson - Director


JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022


1. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about John Richardson & Son (Gosberton) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2021 970,039 1,387,872 112,483 8,537 2,478,931
Additions - 161,586 - - 161,586
Disposals - (179,071 ) - - (179,071 )
At 5 April 2022 970,039 1,370,387 112,483 8,537 2,461,446
DEPRECIATION
At 6 April 2021 317,567 821,646 105,597 7,884 1,252,694
Charge for year 16,564 82,631 1,721 131 101,047
Eliminated on disposal - (112,606 ) - - (112,606 )
At 5 April 2022 334,131 791,671 107,318 8,015 1,241,135
NET BOOK VALUE
At 5 April 2022 635,908 578,716 5,165 522 1,220,311
At 5 April 2021 652,472 566,226 6,886 653 1,226,237

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 6 April 2021
and 5 April 2022 1 80 81
NET BOOK VALUE
At 5 April 2022 1 80 81
At 5 April 2021 1 80 81

5. STOCKS
2022 2021
£    £   
Valuation 352,360 215,025

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 8,990 34,393
Sundry debtors 1,827 10,317
Directors' current accounts 54,910 82,454
Tax 16,147 16,147
VAT 16,755 12,475
Prepayments and accrued income 19,285 32,221
117,914 188,007

Amounts falling due after more than one year:
Amounts owed by group undertakings 72,503 45,700

Aggregate amounts 190,417 233,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 104,091 65,618
Trade creditors 178,570 102,032
Tax 8,795 -
Social security and other taxes - 3,700
Directors' current accounts 94,748 94,450
Accruals and deferred income 3,850 3,850
390,054 269,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 194,021 65,618
Bank loans - 2-5 years 547,685 1,025,349
Banks loan repayable over
more than 5 years by
instalments 401,010 158,703
1,142,716 1,249,670

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Banks loan repayable over
more than 5 years by
instalments 401,010 158,703
401,010 158,703

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 1,246,807 1,315,288

The bank overdraft and loans are secured by a legal charge over the company's land.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2022 and 5 April 2021:

2022 2021
£    £   
P R Richardson
Balance outstanding at start of year 82,454 86,113
Amounts repaid (27,544 ) (3,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 54,910 82,454

11. ULTIMATE CONTROLLING PARTY

Control is exercised by the trustees of the family settlement who between them hold 75% of the "A" ordinary shares and 100% of the issued "B" ordinary shares.