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REGISTERED NUMBER: 10868752 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 August 2023

for

Richmond Reclamation Ltd

Richmond Reclamation Ltd (Registered number: 10868752)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richmond Reclamation Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: M R Connor
L Connor





REGISTERED OFFICE: 325 Coleford Road
Darnall
Sheffield
South Yorkshire
S9 5NF





REGISTERED NUMBER: 10868752 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Richmond Reclamation Ltd (Registered number: 10868752)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,909 53,907

CURRENT ASSETS
Stocks 5 193,000 193,000
Debtors 6 588,138 561,036
Cash at bank 53,940 147,906
835,078 901,942
CREDITORS
Amounts falling due within one year 7 304,856 338,031
NET CURRENT ASSETS 530,222 563,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,131

617,818

CREDITORS
Amounts falling due after more than one year 8 (169,488 ) (204,388 )

PROVISIONS FOR LIABILITIES 10 (45,727 ) (10,242 )
NET ASSETS 497,916 403,188

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 497,736 403,008
497,916 403,188

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Reclamation Ltd (Registered number: 10868752)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




L Connor - Director



M R Connor - Director


Richmond Reclamation Ltd (Registered number: 10868752)

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

1. STATUTORY INFORMATION

Richmond Reclamation 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.
Plant and machinery etc - 15% on reducing balance

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 Income Statement, 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.

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.

Richmond Reclamation Ltd (Registered number: 10868752)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2022 68,722
Additions 161,280
At 31 August 2023 230,002
DEPRECIATION
At 1 September 2022 14,815
Charge for year 32,278
At 31 August 2023 47,093
NET BOOK VALUE
At 31 August 2023 182,909
At 31 August 2022 53,907

5. STOCKS
2023 2022
£    £   
Stocks 193,000 193,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 567,933 561,036
Other debtors 11,088 -
PAYE debtor 9,117 -
588,138 561,036

Richmond Reclamation Ltd (Registered number: 10868752)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 72,028 72,028
Hire purchase contracts 21,167 -
Trade creditors 184,924 153,058
Tax 7,859 30,056
Social security and other taxes - 11,275
VAT 5,657 28,480
Other creditors 3,427 35,652
Directors' current accounts 4,244 1,932
Accrued expenses 5,550 5,550
304,856 338,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 132,360 204,388
Hire purchase contracts 37,128 -
169,488 204,388

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 72,028 72,028

Amounts falling due between two and five years:
Bank loans - 2-5 years 132,360 204,388

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 45,727 10,242

Richmond Reclamation Ltd (Registered number: 10868752)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 10,242
Provided during year 35,485
Balance at 31 August 2023 45,727