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REGISTERED NUMBER: 11534221 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

FOR

TEAM RICHEY LIMITED

TEAM RICHEY LIMITED (REGISTERED NUMBER: 11534221)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 September 2022 to 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEAM RICHEY LIMITED

COMPANY INFORMATION
for the period 1 September 2022 to 30 September 2023







DIRECTOR: Mr C A R Richey





REGISTERED OFFICE: 3 & 4 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 11534221 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

TEAM RICHEY LIMITED (REGISTERED NUMBER: 11534221)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,636 10,817

CURRENT ASSETS
Debtors 5 60,000 -
Cash at bank 28,779 107,782
88,779 107,782
CREDITORS
Amounts falling due within one year 6 32,614 37,508
NET CURRENT ASSETS 56,165 70,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,801

81,091

PROVISIONS FOR LIABILITIES 1,071 2,055
NET ASSETS 60,730 79,036

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,630 78,936
SHAREHOLDERS' FUNDS 60,730 79,036

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TEAM RICHEY LIMITED (REGISTERED NUMBER: 11534221)

BALANCE SHEET - continued
30 September 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 director and authorised for issue on 13 March 2024 and were signed by:





Mr C A R Richey - Director


TEAM RICHEY LIMITED (REGISTERED NUMBER: 11534221)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 September 2022 to 30 September 2023


1. STATUTORY INFORMATION

Team Richey 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 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 - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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 1 (2022 - 1 ) .

TEAM RICHEY LIMITED (REGISTERED NUMBER: 11534221)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2022 to 30 September 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 5,373 6,805 10,744 22,922
Additions - - 641 641
At 30 September 2023 5,373 6,805 11,385 23,563
DEPRECIATION
At 1 September 2022 2,108 3,636 6,361 12,105
Charge for period 1,165 2,052 2,605 5,822
At 30 September 2023 3,273 5,688 8,966 17,927
NET BOOK VALUE
At 30 September 2023 2,100 1,117 2,419 5,636
At 31 August 2022 3,265 3,169 4,383 10,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 60,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,811 1,492
Amounts owed to group undertakings 11,093 17,765
Taxation and social security 11,394 4,095
Other creditors 3,316 14,156
32,614 37,508