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REGISTERED NUMBER: 01991903 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

J & R M Richardson Construction
(Darlington) Limited

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & R M Richardson Construction
(Darlington) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R M Richardson
J & R M Investments Limited





SECRETARY: R M Richardson





REGISTERED OFFICE: Trinity Hall
Portland Place
DARLINGTON
Co Durham
DL3 7BP





REGISTERED NUMBER: 01991903 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,608 30,562

CURRENT ASSETS
Stocks 5 5,672 13,770
Debtors 6 432,731 297,601
Cash at bank and in hand 786,553 248,768
1,224,956 560,139
CREDITORS
Amounts falling due within one year 7 611,809 326,489
NET CURRENT ASSETS 613,147 233,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,755

264,212

CREDITORS
Amounts falling due after more than one
year

8

(33,900

)

(47,027

)

PROVISIONS FOR LIABILITIES 11 (4,317 ) (178 )
NET ASSETS 620,538 217,007

CAPITAL AND RESERVES
Called up share capital 12 10,101 10,101
Retained earnings 610,437 206,906
SHAREHOLDERS' FUNDS 620,538 217,007

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

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

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:




R M Richardson - Director



J & R M Investments Limited - Director


J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

J & R M Richardson Construction (Darlington) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised on contracts when income is received or is assessed to be receivable for the period based on the calculation of contract work in progress at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% and 20% on cost
Motor vehicles - 20% on cost

Fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Contract work in progress
Contract work in progress is valued at costs incurred, net of amounts transferred to cost of sales, less foreseeable losses and payments on account not matched with turnover. Any profit attributable to contract work in progress, calculated in accordance with FRS 102, has been included by way of turnover and cost of sales, with the amount by which turnover is in excess of payments on account included in debtors in amounts due on contracts.

Grants
Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

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

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 932 9,656 80,544 91,132
Additions 2,584 - 23,995 26,579
Disposals - (6,279 ) (12,000 ) (18,279 )
At 30 June 2023 3,516 3,377 92,539 99,432
DEPRECIATION
At 1 July 2022 75 7,542 52,953 60,570
Charge for year 497 725 10,311 11,533
Eliminated on disposal - (6,279 ) (12,000 ) (18,279 )
At 30 June 2023 572 1,988 51,264 53,824
NET BOOK VALUE
At 30 June 2023 2,944 1,389 41,275 45,608
At 30 June 2022 857 2,114 27,591 30,562

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 29,219
Additions 23,995
At 30 June 2023 53,214
DEPRECIATION
At 1 July 2022 1,948
Charge for year 10,206
At 30 June 2023 12,154
NET BOOK VALUE
At 30 June 2023 41,060
At 30 June 2022 27,271

5. STOCKS
2023 2022
£    £   
Work in progress 5,672 13,770

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 126,460 217,507
Amounts due on contracts 174,271 17,085
Prepayments and accrued income 132,000 63,009
432,731 297,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 17,280 8,830
Trade creditors 80,018 59,474
Taxation and social security 272,184 86,855
Other creditors 48,290 2,390
Amounts due to related
undertaking - 32,619
Directors' current accounts - 40,779
Accruals and deferred income 184,037 85,542
611,809 326,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,063 30,084
Hire purchase contracts (see note 9) 13,837 16,943
33,900 47,027

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 17,280 8,830
Between one and five years 13,837 16,943
31,117 25,773

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 26,760 30,576
Between one and five years 49,833 76,590
76,593 107,166

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 31,117 25,773

Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,317 178

Deferred
tax
£   
Balance at 1 July 2022 178
Accelerated capital allowances 4,139
Balance at 30 June 2023 4,317

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000
1 A Ordinary £1 1 1
100 B Ordinary £1 100 100
10,101 10,101

The "Ordinary" , "A Ordinary" and ''B Ordinary'' shares shall constitute different classes of shares for the purposes of the Companies Act 2006 but shall, save as otherwise provided for, confer upon the holders thereof the same rights and rank pari passu in all respects except that the directors shall be entitled to pay such different dividend of the "Ordinary" , "A Ordinary" and ''B Ordinary'' shares as they shall from time to time decide. The "A Ordinary" shares do not hold voting rights. The "B Ordinary" shares do not hold voting rights or the right to attend meetings.

J & R M Richardson Construction
(Darlington) Limited (Registered number: 01991903)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

13. RELATED PARTY DISCLOSURES


2023 2022
£ £

Amounts due to the directors £ - £40,779

Amount due to Estate of former
director £40,956 £ -

No interest has been charged.

The above amount has been included within Other creditors.