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REGISTERED NUMBER: 03927202 (England and Wales)







Financial Statements for the Year Ended 31st March 2023

for

Rickbery Industrial (Europe) Limited

Rickbery Industrial (Europe) Limited (Registered number: 03927202)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rickbery Industrial (Europe) Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Yu Kai Leung





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 03927202 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Rickbery Industrial (Europe) Limited (Registered number: 03927202)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128 122

CURRENT ASSETS
Stocks 115,146 145,000
Debtors 5 104,625 49,894
Cash at bank 71,683 110,820
291,454 305,714
CREDITORS
Amounts falling due within one year 6 301,982 319,068
NET CURRENT LIABILITIES (10,528 ) (13,354 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,400

)

(13,232

)

CAPITAL AND RESERVES
Called up share capital 301 301
Retained earnings (10,701 ) (13,533 )
SHAREHOLDERS' FUNDS (10,400 ) (13,232 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th October 2023 and were signed by:





Yu Kai Leung - Director


Rickbery Industrial (Europe) Limited (Registered number: 03927202)

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

1. STATUTORY INFORMATION

Rickbery Industrial (Europe) 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 (£).


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.
Computer equipment - 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rickbery Industrial (Europe) Limited (Registered number: 03927202)

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

2. ACCOUNTING POLICIES - continued

GOING CONCERN
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2022 399
Additions 193
At 31st March 2023 592
DEPRECIATION
At 1st April 2022 277
Charge for year 187
At 31st March 2023 464
NET BOOK VALUE
At 31st March 2023 128
At 31st March 2022 122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,947 44,491
Directors' current accounts 17,628 -
VAT - 5,403
Prepayments and accrued income 50 -
104,625 49,894

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 290,447 274,722
Tax 153 153
Social security and other taxes 1,074 1,164
VAT 8,286 -
Other creditors 152 115
Directors' current accounts - 41,564
Accrued expenses 1,870 1,350
301,982 319,068

Rickbery Industrial (Europe) Limited (Registered number: 03927202)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Yu Kai Leung
Balance outstanding at start of year (41,564 ) -
Amounts advanced 71,408 -
Amounts repaid (12,216 ) (41,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,628 (41,564 )