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REGISTERED NUMBER: 02824721 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Richline Graphics Limited

Richline Graphics Limited (Registered number: 02824721)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richline Graphics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Russell





REGISTERED OFFICE: Unit 1D
Commonwealth Buildings
Woolwich Church Street
London
SE18 5NS





REGISTERED NUMBER: 02824721 (England and Wales)





ACCOUNTANTS: JCR Business Services Limited
101 Bushey Grove Road
Bushey
Hertfordshire
WD23 2JN

Richline Graphics Limited (Registered number: 02824721)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,037 491,597

CURRENT ASSETS
Debtors 5 164,384 162,056
Cash at bank and in hand 13,285 6,901
177,669 168,957
CREDITORS
Amounts falling due within one year 6 260,132 264,914
NET CURRENT LIABILITIES (82,463 ) (95,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,574

395,640

CREDITORS
Amounts falling due after more than one
year

7

(197,505

)

(266,155

)

PROVISIONS FOR LIABILITIES (61,485 ) (54,606 )
NET ASSETS 149,584 74,879

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium (99,850 ) (99,850 )
Retained earnings 249,284 174,579
SHAREHOLDERS' FUNDS 149,584 74,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Richline Graphics Limited (Registered number: 02824721)

Balance Sheet - continued
31 December 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 8 August 2024 and were signed by:





S Russell - Director


Richline Graphics Limited (Registered number: 02824721)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Richline Graphics 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 etc - 25% on cost and 10% on reducing balance

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

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

Richline Graphics Limited (Registered number: 02824721)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 593,666
Additions 54,000
At 31 December 2023 647,666
DEPRECIATION
At 1 January 2023 102,069
Charge for year 54,560
At 31 December 2023 156,629
NET BOOK VALUE
At 31 December 2023 491,037
At 31 December 2022 491,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 157,834 155,556
Other debtors 6,550 6,500
164,384 162,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,956 21,678
Hire purchase contracts 89,385 110,119
Trade creditors 109,443 75,770
Taxation and social security 34,643 40,274
Other creditors 22,705 17,073
260,132 264,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 197,505 266,155