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REGISTERED NUMBER: 09480218 (England and Wales)
















































Financial Statements

for the Year Ended 31 March 2023

for

Richmond Precision Services Ltd

Richmond Precision Services Ltd (Registered number: 09480218)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richmond Precision Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R E Hand





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 09480218 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Richmond Precision Services Ltd (Registered number: 09480218)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,313 237,911

CURRENT ASSETS
Stocks 96,000 32,600
Debtors 5 123,599 149,519
Cash at bank and in hand 3,192 86
222,791 182,205
CREDITORS
Amounts falling due within one year 6 192,314 277,498
NET CURRENT ASSETS/(LIABILITIES) 30,477 (95,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,790

142,618

CREDITORS
Amounts falling due after more than one
year

7

(94,604

)

(130,472

)

PROVISIONS FOR LIABILITIES (29,330 ) (10,450 )
NET ASSETS 96,856 1,696

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,756 1,596
SHAREHOLDERS' FUNDS 96,856 1,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Richmond Precision Services Ltd (Registered number: 09480218)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 1 August 2023 and were signed by:





R E Hand - Director


Richmond Precision Services Ltd (Registered number: 09480218)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Richmond Precision Services Ltd 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.

2. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stock has been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage manufacture or completion.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

Richmond Precision Services Ltd (Registered number: 09480218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 575,931
DEPRECIATION
At 1 April 2022 338,020
Charge for year 47,598
At 31 March 2023 385,618
NET BOOK VALUE
At 31 March 2023 190,313
At 31 March 2022 237,911

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 301,563
DEPRECIATION
At 1 April 2022 131,899
Charge for year 33,933
At 31 March 2023 165,832
NET BOOK VALUE
At 31 March 2023 135,731
At 31 March 2022 169,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 104,031 119,434
Other debtors 19,568 30,085
123,599 149,519

Richmond Precision Services Ltd (Registered number: 09480218)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 69,232 77,855
Other creditors 123,082 199,643
192,314 277,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 94,604 130,472