Richard Priday Limited 06631617 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of engineering services to the construction industry Digita Accounts Production Advanced 6.30.9574.0 true Mr Richard Priday Mrs Melanie Olive Betty Priday 06631617 2023-01-01 2023-12-31 06631617 2023-12-31 06631617 core:RetainedEarningsAccumulatedLosses 2023-12-31 06631617 core:ShareCapital 2023-12-31 06631617 core:CurrentFinancialInstruments 2023-12-31 06631617 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06631617 core:PlantMachinery 2023-12-31 06631617 bus:FRS102 2023-01-01 2023-12-31 06631617 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06631617 bus:FullAccounts 2023-01-01 2023-12-31 06631617 bus:RegisteredOffice 2023-01-01 2023-12-31 06631617 bus:CompanySecretary1 2023-01-01 2023-12-31 06631617 bus:Director1 2023-01-01 2023-12-31 06631617 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 06631617 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06631617 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06631617 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 06631617 core:PlantMachinery 2023-01-01 2023-12-31 06631617 countries:EnglandWales 2023-01-01 2023-12-31 06631617 2022-12-31 06631617 core:PlantMachinery 2022-12-31 06631617 2022-07-01 2022-12-31 06631617 2022-12-31 06631617 core:RetainedEarningsAccumulatedLosses 2022-12-31 06631617 core:ShareCapital 2022-12-31 06631617 core:CurrentFinancialInstruments 2022-12-31 06631617 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06631617 core:PlantMachinery 2022-12-31 iso4217:GBP

Registration number: 06631617

Richard Priday Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Richard Priday Limited

Statement of Comprehensive Income for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Richard Priday Limited

(Registration number: 06631617)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,738

1,738

Current assets

 

Debtors

4

-

48,932

Creditors: Amounts falling due within one year

5

(68)

-

Net current (liabilities)/assets

 

(68)

48,932

Net assets

 

1,670

50,670

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

7

1,570

50,570

Shareholders' funds

 

1,670

50,670

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 3 April 2024
 

.........................................
Mr Richard Priday
Director

 

Richard Priday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7C Cranmere Road
Okehampton
Devon
EX20 1UE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Fittings, fixtures and equipment

20% straight line

 

Richard Priday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Richard Priday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

8,125

8,125

At 31 December 2023

8,125

8,125

Depreciation

At 1 January 2023

6,387

6,387

At 31 December 2023

6,387

6,387

Carrying amount

At 31 December 2023

1,738

1,738

At 31 December 2022

1,738

1,738

4

Debtors

Current

2023
£

2022
£

Other debtors

-

48,932

 

-

48,932

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

68

-

6

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £Nil (2022 - £6,000).

 

Richard Priday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

7

Reserves

Profit and loss account

This reserve records retained earnings and accumulated losses.