Richmond Homes Ltd
Registered number: 08207685
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Stocks 26,210 23,130
Debtors 3 96,545 42,282
Cash at bank and in hand 25,392 14,167
148,147 79,579
Creditors: amounts falling due within one year 4 (68,008) (31,466)
Net current assets 80,139 48,113
Total assets less current liabilities 80,139 48,113
Creditors: amounts falling due after more than one year 5 (41,659) (46,569)
Net assets 38,480 1,544
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,380 1,444
Shareholders' funds 38,480 1,544
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Kim
Director
Approved by the board on 29 July 2024
Richmond Homes Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 20 24
3 Debtors 2023 2022
£ £
Trade debtors 64,380 30,300
Other debtors 32,165 11,982
96,545 42,282
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 11,137 10,279
Corporation tax 21,857 11,280
Other taxes and social security costs 19,666 6,834
Other creditors 15,348 3,073
68,008 31,466
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 41,659 46,569
6 Other information
Richmond Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
Richmond Homes Ltd 08207685 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2024 H Kim No description of principal activity 08207685 2021-10-01 2022-09-30 08207685 core:WithinOneYear 2022-09-30 08207685 core:AfterOneYear 2022-09-30 08207685 core:ShareCapital 2022-09-30 08207685 core:RetainedEarningsAccumulatedLosses 2022-09-30 08207685 2022-10-01 2023-09-30 08207685 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08207685 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08207685 bus:Director40 2022-10-01 2023-09-30 08207685 1 2022-10-01 2023-09-30 08207685 2 2022-10-01 2023-09-30 08207685 countries:England 2022-10-01 2023-09-30 08207685 bus:FRS102 2022-10-01 2023-09-30 08207685 bus:FilletedAccounts 2022-10-01 2023-09-30 08207685 2023-09-30 08207685 core:WithinOneYear 2023-09-30 08207685 core:AfterOneYear 2023-09-30 08207685 core:ShareCapital 2023-09-30 08207685 core:RetainedEarningsAccumulatedLosses 2023-09-30 08207685 2022-09-30 iso4217:GBP xbrli:pure