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Company Registration No. 05712007 (England and Wales)
Richard Hall Limited Unaudited accounts for the year ended 28 February 2023
Richard Hall Limited Unaudited accounts Contents
Page
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Richard Hall Limited Company Information for the year ended 28 February 2023
Director
R B Hall
Company Number
05712007 (England and Wales)
Registered Office
73a High Street Egham Surrey TW20 9HE
Accountants
Howard and Company 73a High Street Egham Surrey TW20 9HE
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Richard Hall Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,181,390 
2,253,483 
Current assets
Debtors
672,065 
621,921 
Cash at bank and in hand
201,233 
190,024 
873,298 
811,945 
Creditors: amounts falling due within one year
(951,843)
(850,171)
Net current liabilities
(78,545)
(38,226)
Total assets less current liabilities
2,102,845 
2,215,257 
Creditors: amounts falling due after more than one year
(818,682)
(1,036,886)
Provisions for liabilities
Deferred tax
(425,027)
(416,259)
Net assets
859,136 
762,112 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
859,036 
762,012 
Shareholders' funds
859,136 
762,112 
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2023 and were signed on its behalf by
R B Hall Director Company Registration No. 05712007
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Richard Hall Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Richard Hall Limited is a private company, limited by shares, registered in England and Wales, registration number 05712007. The registered office is 73a High Street, Egham, Surrey, TW20 9HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Turnover represents the value of work done excluding VAT and trade discounts. Turnover is recognised when services are provided to the customer. Where a contract is partially completed at the balance sheet date and amounts invoiced differ from the value of work done, provision is made within creditors as deferred income, or within stock as work in progress as appropriate.
Government grants
Government grants in relation to expenditure are credited to profit and loss when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
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Richard Hall Limited Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
39,222 
2,775,223 
1,212,881 
4,027,326 
Additions
7,062 
185,807 
411,102 
603,971 
Disposals
- 
(356,600)
(25,600)
(382,200)
At 28 February 2023
46,284 
2,604,430 
1,598,383 
4,249,097 
Depreciation
At 1 March 2022
13,587 
1,227,768 
532,488 
1,773,843 
Charge for the year
7,896 
251,434 
255,037 
514,367 
On disposals
- 
(208,403)
(12,100)
(220,503)
At 28 February 2023
21,483 
1,270,799 
775,425 
2,067,707 
Net book value
At 28 February 2023
24,801 
1,333,631 
822,958 
2,181,390 
At 28 February 2022
25,635 
1,547,455 
680,393 
2,253,483 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
1,109,856 
1,406,848 
- Motor vehicles
769,700 
635,444 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
642,773 
564,674 
Accrued income and prepayments
9,093 
9,074 
Other debtors
20,199 
48,173 
672,065 
621,921 
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Richard Hall Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,532 
20,533 
Obligations under finance leases and hire purchase contracts
532,151 
546,974 
Trade creditors
226,339 
201,450 
Taxes and social security
150,052 
34,779 
Other creditors
14,379 
10,623 
Loans from directors
- 
30,823 
Accruals
8,390 
4,989 
951,843 
850,171 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,058 
44,507 
Obligations under finance leases and hire purchase contracts
794,624 
992,379 
818,682 
1,036,886 
Bank loans and overdrafts are secured by a fixed charge over the company's assets in favour of Barclays Security Trustee Limited dated 12 May 2021.
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
536,931 
583,087 
Tax losses carried forward
(111,904)
(166,828)
425,027 
416,259 
2023 
2022 
£ 
£ 
Provision at start of year
416,259 
368,046 
Charged to the profit and loss account
8,768 
48,213 
Provision at end of year
425,027 
416,259 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
- 
17,267 
- 
17,267 
- 
17,267 
- 
17,267 
Loans to directors are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 16 (2022: 15).
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