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REGISTERED NUMBER: 08360707 (England and Wales)












Financial Statements for the Period 1 April 2022 to 30 March 2023

for

James Riches Limited

James Riches Limited (Registered number: 08360707)

Contents of the Financial Statements
for the Period 1 April 2022 to 30 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Riches Limited

Company Information
for the Period 1 April 2022 to 30 March 2023







DIRECTORS: J Riches
N J Riches
Mrs K A Hill





SECRETARY: Mrs E C Riches





REGISTERED OFFICE: Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 08360707 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

James Riches Limited (Registered number: 08360707)

Balance Sheet
30 March 2023

30.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 148,268 156,385

CURRENT ASSETS
Debtors 5 117,843 165,195
Cash at bank 281,278 343,795
399,121 508,990
CREDITORS
Amounts falling due within one year 6 (137,634 ) (221,501 )
NET CURRENT ASSETS 261,487 287,489
TOTAL ASSETS LESS CURRENT LIABILITIES 409,755 443,874

CREDITORS
Amounts falling due after more than one
year

7

(87,580

)

(96,302

)

PROVISIONS FOR LIABILITIES (28,171 ) (29,713 )
NET ASSETS 294,004 317,859

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 293,894 317,749
SHAREHOLDERS' FUNDS 294,004 317,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

James Riches Limited (Registered number: 08360707)

Balance Sheet - continued
30 March 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 19 January 2024 and were signed on its behalf by:





N J Riches - Director


James Riches Limited (Registered number: 08360707)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 March 2023


1. STATUTORY INFORMATION

James Riches 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.

Revenue
Revenue 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

James Riches Limited (Registered number: 08360707)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 March 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 229,720 759 102,402 6,935 339,816
Additions 2,381 - 37,908 1,016 41,305
At 30 March 2023 232,101 759 140,310 7,951 381,121
DEPRECIATION
At 1 April 2022 101,472 519 77,289 4,151 183,431
Charge for period 32,657 60 15,755 950 49,422
At 30 March 2023 134,129 579 93,044 5,101 232,853
NET BOOK VALUE
At 30 March 2023 97,972 180 47,266 2,850 148,268
At 31 March 2022 128,248 240 25,113 2,784 156,385

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Trade debtors 21,410 148,175
Amounts recoverable on contract 80,000 5,610
Other debtors 16,433 11,410
117,843 165,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 31.3.22
£    £   
Hire purchase contracts 35,880 26,875
Trade creditors 39,784 79,921
Taxation and social security 13,722 78,922
Other creditors 48,248 35,783
137,634 221,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.3.23 31.3.22
£    £   
Hire purchase contracts 87,580 96,302