IRIS Accounts Production v24.1.9.2 10670210 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106702102023-03-31106702102024-03-31106702102023-04-012024-03-31106702102022-03-31106702102022-04-012023-03-31106702102023-03-3110670210ns15:EnglandWales2023-04-012024-03-3110670210ns14:PoundSterling2023-04-012024-03-3110670210ns10:Director12023-04-012024-03-3110670210ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110670210ns10:SmallEntities2023-04-012024-03-3110670210ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110670210ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110670210ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110670210ns10:FullAccounts2023-04-012024-03-3110670210ns10:RegisteredOffice2023-04-012024-03-3110670210ns5:CurrentFinancialInstruments2024-03-3110670210ns5:CurrentFinancialInstruments2023-03-3110670210ns5:Non-currentFinancialInstruments2024-03-3110670210ns5:Non-currentFinancialInstruments2023-03-3110670210ns5:ShareCapital2024-03-3110670210ns5:ShareCapital2023-03-3110670210ns5:RetainedEarningsAccumulatedLosses2024-03-3110670210ns5:RetainedEarningsAccumulatedLosses2023-03-3110670210ns5:PlantMachinery2023-04-012024-03-3110670210ns5:MotorVehicles2023-04-012024-03-3110670210ns5:PlantMachinery2023-03-3110670210ns5:MotorVehicles2023-03-3110670210ns5:PlantMachinery2024-03-3110670210ns5:MotorVehicles2024-03-3110670210ns5:PlantMachinery2023-03-3110670210ns5:MotorVehicles2023-03-3110670210ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110670210ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-311067021012023-04-012024-03-31
REGISTERED NUMBER: 10670210 (England and Wales)











































J Richardson Groundworks Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






J Richardson Groundworks Ltd (Registered number: 10670210)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


J Richardson Groundworks Ltd

Company Information
for the year ended 31st March 2024







Director: J Richardson





Registered office: 39 Prior Road
Tweedmouth
Berwick-Upon-Tweed
United Kingdom
TD15 2EJ





Registered number: 10670210 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

J Richardson Groundworks Ltd (Registered number: 10670210)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,832 2,360

Current assets
Debtors 5 13,385 11,064
Cash at bank 2,569 3,120
15,954 14,184
Creditors
Amounts falling due within one year 6 4,797 4,860
Net current assets 11,157 9,324
Total assets less current liabilities 12,989 11,684

Creditors
Amounts falling due after more than one
year

7

(3,245

)

(5,833

)

Provisions for liabilities (348 ) (448 )
Net assets 9,396 5,403

Capital and reserves
Called up share capital 100 100
Retained earnings 9,296 5,303
Shareholders' funds 9,396 5,403

J Richardson Groundworks Ltd (Registered number: 10670210)

Balance Sheet - continued
31st March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 director and authorised for issue on 1st August 2024 and were signed by:





J Richardson - Director


J Richardson Groundworks Ltd (Registered number: 10670210)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

J Richardson Groundworks Ltd 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

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 Richardson Groundworks Ltd (Registered number: 10670210)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The company ceased trading on 31 March 2024 and is now dormant.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st April 2023
and 31st March 2024 3,800 4,700 8,500
Depreciation
At 1st April 2023 2,555 3,585 6,140
Charge for year 249 279 528
At 31st March 2024 2,804 3,864 6,668
Net book value
At 31st March 2024 996 836 1,832
At 31st March 2023 1,245 1,115 2,360

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 13,385 11,064

J Richardson Groundworks Ltd (Registered number: 10670210)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,588 2,588
Taxation and social security 2,209 2,272
4,797 4,860

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 3,245 5,833

8. Director's advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

20242023
££
Director
Balance outstanding at start of year4,5291,827
Amounts advanced32,00726,716
Amounts repaid(29,332)(24,014)
Balance outstanding at end of year7,2044,529

This loan is unsecured and repayable on demand. No interest has been charged as the loans are below the HMRC reporting level.This loan is interest free, unsecured and repayable on demand.

9. Post balance sheet events

Since the year end, on 6 April 2024, a final dividend for the year ended 31 March 2024 of £75 per share has been declared.