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REGISTERED NUMBER: 04300540 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Edward Richards Limited

Edward Richards Limited (Registered number: 04300540)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Edward Richards Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P F Cutts
Mrs V A Cutts
R J Cutts





SECRETARY: Mrs V A Cutts





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 04300540 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Edward Richards Limited (Registered number: 04300540)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,984 24,303

CURRENT ASSETS
Debtors 5 8,578 27,904
Cash at bank 20,961 59,824
29,539 87,728
CREDITORS
Amounts falling due within one year 6 48,773 91,510
NET CURRENT LIABILITIES (19,234 ) (3,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

750

20,521

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 650 20,421
SHAREHOLDERS' FUNDS 750 20,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





R J Cutts - Director


Edward Richards Limited (Registered number: 04300540)

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

1. STATUTORY INFORMATION

Edward Richards Limited 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 represents net invoiced sales of goods and services, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts. Where payments are received from customers in advance of goods and services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 25,804 18,900 44,704
Additions 502 - 502
At 31 October 2023 26,306 18,900 45,206
DEPRECIATION
At 1 November 2022 13,018 7,383 20,401
Charge for year 1,942 2,879 4,821
At 31 October 2023 14,960 10,262 25,222
NET BOOK VALUE
At 31 October 2023 11,346 8,638 19,984
At 31 October 2022 12,786 11,517 24,303

Edward Richards Limited (Registered number: 04300540)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,794 27,182
Prepayments 784 722
8,578 27,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,330 2,666
Tax 5,285 4,532
Social security and other taxes 6,551 12,742
Other creditors 3,635 4,142
Directors' loan account 28,722 64,361
Accruals and deferred income 3,250 3,067
48,773 91,510