Richard Fowler Ltd |
Notes to the Accounts |
for the year ended 31 October 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents the total invoice value of sales made during the year and derives from the provision of property management and development services and property rental. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold land and buildings |
Nil |
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Plant and machinery |
15% reducing balance |
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Motor vehicles |
25% reducing balance |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery |
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Motor vehicles |
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Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 November 2022 |
55,635 |
|
2,080 |
|
430 |
|
58,145 |
|
At 31 October 2023 |
55,635 |
|
2,080 |
|
430 |
|
58,145 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2022 |
- |
|
1,999 |
|
426 |
|
2,425 |
|
Charge for the year |
- |
|
12 |
|
1 |
|
13 |
|
At 31 October 2023 |
- |
|
2,011 |
|
427 |
|
2,438 |
|
|
|
|
|
|
|
|
|
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Net book value |
|
At 31 October 2023 |
55,635 |
|
69 |
|
3 |
|
55,707 |
|
At 31 October 2022 |
55,635 |
|
81 |
|
4 |
|
55,720 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
260 |
|
237 |
|
|
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|
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5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Taxation and social security costs |
463 |
|
250 |
|
Other creditors |
18,848 |
|
19,348 |
|
|
|
|
|
|
19,311 |
|
19,598 |
|
|
|
|
|
|
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6 |
Controlling party |
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The company is controlled by Mr R Fowler by virtue of his 100% holding of the issued ordinary share capital. |
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7 |
Other information |
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Richard Fowler Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Greenway Farm |
|
Ryall |
|
Bridport |
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Dorset |
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DT6 6EN |