2022-02-01 03302395 2023-01-31 03302395 2022-02-01 2023-01-31 03302395 2022-01-31 03302395 2021-02-01 2022-01-31 03302395 uk-core:WithinOneYear 2022-01-31 03302395 uk-core:WithinOneYear 2023-01-31 03302395 uk-core:AfterOneYear 2022-01-31 03302395 uk-core:AfterOneYear 2023-01-31 03302395 uk-core:ShareCapital 2023-01-31 03302395 uk-core:ShareCapital 2022-01-31 03302395 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 03302395 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 03302395 uk-bus:Director1 2022-02-01 2023-01-31 03302395 uk-core:PlantMachinery 2022-02-01 2023-01-31 03302395 uk-core:CommercialMotorVehicles 2022-02-01 2023-01-31 03302395 uk-core:FurnitureFittings 2022-02-01 2023-01-31 03302395 uk-core:FurnitureFittings 2022-01-31 03302395 uk-core:CommercialMotorVehicles 2022-01-31 03302395 uk-core:PlantMachinery 2022-01-31 03302395 uk-core:PlantMachinery 2023-01-31 03302395 uk-core:CommercialMotorVehicles 2023-01-31 03302395 uk-core:FurnitureFittings 2023-01-31 iso4217:GBP xbrli:pure 03302395 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 03302395 uk-bus:FRS102 2022-02-01 2023-01-31 03302395 uk-bus:FullAccounts 2022-02-01 2023-01-31 03302395 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Richardson Builders Limited
Registered Number:03302395
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Richardson Builders Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03302395
As at 31 January 2023
Richardson Builders Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
43,885
30,483
2
43,885
30,483
Current assets
Inventories
12,973
11,241
3
Trade and other receivables
54,876
6,914
4
90,028
Cash and cash equivalents
189,666
207,821
157,877
Trade and other payables: amounts falling due within one
year
(107,902)
(107,120)
5
49,975
100,701
Net current assets
Total assets less current liabilities
144,586
80,458
Trade and other payables: amounts falling due after more
than one year
-
(8,636)
6
(8,300)
(5,800)
Provisions for liabilities
127,650
Net assets
74,658
Capital and reserves
Called up share capital
200
200
Retained earnings
127,450
74,458
127,650
74,658
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr M.E.Richardson Director
These financial statements were approved and authorised for issue by the Board on 25 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Richardson Builders Limited
Notes to the Financial Statements
Statutory Information
Richardson Builders Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03302395.
Registered address:
29 Church Lane
Sheffield
S17 3GS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of materials and building services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 January 2023
Richardson Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2022
87,228
14,970
34,429
37,829
24,329
-
23,995
334
Additions
-
(10,930)
-
Disposals
(10,930)
At 31 January 2023
38,163
47,494
14,970
100,627
Provision for depreciation and impairment
At 01 February 2022
56,745
11,672
18,050
27,023
Charge for year
10,704
495
8,538
1,671
(10,707)
-
(10,707)
-
On disposal
At 31 January 2023
56,742
12,167
15,881
28,694
At 31 January 2023
Net book value
9,469
31,613
2,803
43,885
At 31 January 2022
10,806
16,379
3,298
30,483
3. Inventories
2022
2023
£
£
Stocks
11,241
12,973
4. Trade and other receivables
2022
2023
£
£
Trade debtors
6,914
54,876
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
40,782
43,495
Taxation and social security
54,863
59,352
Other creditors
11,475
5,055
107,120
107,902
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6
For the year ended 31 January 2023
Richardson Builders Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
8,636
-
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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