2022-02-012023-01-312023-01-31false07495462RICHMOND CONTROLS 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RICHMOND CONTROLS LIMITED

Registered Number
07495462
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

RICHMOND CONTROLS LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

ABEL SMITH, Samuel Joseph Charles
CAMPBELL, Lisa

Company Secretary

ABEL SMITH, Samuel Joesph Charles

Registered Address

Ivy Cottage
Colburn
Catterick Garrison
DL9 4PE

Registered Number

07495462 (England and Wales)
RICHMOND CONTROLS LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets552,95393,172
52,95393,172
Current assets
Stocks715,79415,794
Debtors81,101,0501,100,240
Cash at bank and on hand305,411349,725
1,422,2551,465,759
Creditors amounts falling due within one year9(471,148)(627,504)
Net current assets (liabilities)951,107838,255
Total assets less current liabilities1,004,060931,427
Net assets1,004,060931,427
Capital and reserves
Called up share capital33
Profit and loss account1,004,057931,424
Shareholders' funds1,004,060931,427
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2023, and are signed on its behalf by:
ABEL SMITH, Samuel Joseph Charles
Director
CAMPBELL, Lisa
Director

Registered Company No. 07495462
RICHMOND CONTROLS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: 3 years straight line

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Vehicles3
Office Equipment3
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year66
5.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 February 22290,68817,62427,937336,249
Additions--567567
At 31 January 23290,68817,62428,504336,816
Depreciation and impairment
At 01 February 22205,14113,21824,718243,077
Charge for year34,8614,4061,51940,786
At 31 January 23240,00217,62426,237283,863
Net book value
At 31 January 2350,686-2,26752,953
At 31 January 2285,5474,4063,21993,172
6.Directors advances, credits and guarantees
7.Stocks

2023

2022

££
Other stocks15,79415,794
Total15,79415,794
8.Debtors

2023

2022

££
Trade debtors / trade receivables358,657551,503
Other debtors728,238534,581
Prepayments and accrued income7,4717,471
Deferred tax asset, debtors6,6846,685
Total1,101,0501,100,240
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables69,71882,809
Taxation and social security239,430217,450
Other creditors12,00012,254
Accrued liabilities and deferred income150,000314,991
Total471,148627,504
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.