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COMPANY REGISTRATION NUMBER: 08912200
Richard State Independent Estate Agents Limited
Unaudited Financial Statements
31 March 2023
Richard State Independent Estate Agents Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Income statement
2
Statement of financial position and the notes to the financial statements
3
Richard State Independent Estate Agents Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Richard State Independent Estate Agents Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richard State Independent Estate Agents Limited for the year ended 31 March 2023, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Richard State Independent Estate Agents Limited, as a body, in accordance with the terms of our engagement letter dated 19 October 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Richard State Independent Estate Agents Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard State Independent Estate Agents Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Richard State Independent Estate Agents Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richard State Independent Estate Agents Limited. You consider that Richard State Independent Estate Agents Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Richard State Independent Estate Agents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TURPIN BARKER ARMSTRONG Chartered Certified Accountants
Allen House 1 Westmead Road Sutton Surrey SM1 4LA
9 November 2023
Richard State Independent Estate Agents Limited
Income Statement
Year ended 31 March 2023
2023
2022
£
£
Turnover
337,546
408,593
Other income
114
-
---------
---------
337,660
408,593
Staff costs
184,137
205,185
Depreciation and other amounts written off assets
143
114
Other charges
91,180
76,133
Tax
11,389
24,182
---------
---------
Profit
50,811
102,979
---------
---------
Richard State Independent Estate Agents Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
£
Fixed assets
2,616
911
-------
----
Current assets
159,138
209,662
Creditors: amounts falling due within one year
62,163
86,258
---------
---------
Net current assets
96,975
123,404
--------
---------
Total assets less current liabilities
99,591
124,315
Accruals and deferred income
4,340
3,875
--------
---------
95,251
120,440
--------
---------
Capital and reserves
95,251
120,440
--------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 5 ).
2. Directors' advances, credits and guarantees
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:
Mrs A State
Mr R State
Director
Director
Company registration number: 08912200
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Allen House, 1 Westmead Road, Sutton, Surrey, SM1 4LA.