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REGISTERED NUMBER: 04883101 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

DYFED RICHARDS LIMITED

DYFED RICHARDS LIMITED (REGISTERED NUMBER: 04883101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DYFED RICHARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: C D Richards
Mrs A R Richards





SECRETARY: Mrs A R Richards





REGISTERED OFFICE: 14 Canterbury Grange
Bocking
Essex
CM7 5NA





REGISTERED NUMBER: 04883101 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

DYFED RICHARDS LIMITED (REGISTERED NUMBER: 04883101)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,785 37,731

CURRENT ASSETS
Stocks 5 10,425 8,250
Debtors 6 130,548 146,090
Cash at bank 18,056 3,665
159,029 158,005
CREDITORS
Amounts falling due within one year 7 181,017 180,287
NET CURRENT LIABILITIES (21,988 ) (22,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,797

15,449

CREDITORS
Amounts falling due after more than one
year

8

8,260

5,266
NET ASSETS 15,537 10,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,437 10,083
SHAREHOLDERS' FUNDS 15,537 10,183

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

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

DYFED RICHARDS LIMITED (REGISTERED NUMBER: 04883101)

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 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 5 August 2024 and were signed on its behalf by:




C D Richards - Director



Mrs A R Richards - Director


DYFED RICHARDS LIMITED (REGISTERED NUMBER: 04883101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Dyfed Richards 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 15,768 87,209 14,486 117,463
Additions 21,500 - 1,815 23,315
At 30 September 2023 37,268 87,209 16,301 140,778
DEPRECIATION
At 1 October 2022 14,211 53,956 11,565 79,732
Charge for year 5,764 8,313 1,184 15,261
At 30 September 2023 19,975 62,269 12,749 94,993
NET BOOK VALUE
At 30 September 2023 17,293 24,940 3,552 45,785
At 30 September 2022 1,557 33,253 2,921 37,731

5. STOCKS
2023 2022
£    £   
Stocks & WIP 10,425 8,250

DYFED RICHARDS LIMITED (REGISTERED NUMBER: 04883101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,584 119,125
Other debtors 26,964 26,965
130,548 146,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,841 4,861
Trade creditors 136,105 147,114
Taxation and social security 28,071 17,663
Other creditors 10,000 10,649
181,017 180,287

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,260 5,266