Paul Richardson Builder and Contractor Ltd |
Registered Number:06765497 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Paul Richardson Builder and Contractor Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Paul Richardson Builder and Contractor Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
72,391
40,419
2
72,391
40,419
20,000
20,000
3
Trade and other receivables |
83,258
13,716
4
287,039
Cash and cash equivalents |
197,360
231,076
390,297
Trade and other payables: amounts falling due within one year |
(88,247)
(55,209)
5
302,050
175,867
Net current assets
Total assets less current liabilities |
248,258
342,469
(18,098)
(10,105)
Provisions for liabilities |
230,160
Net assets
332,364
100
100
230,060
332,264
230,160
332,364
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Paul James Richardson Director |
These financial statements were approved and authorised for issue by the Board on 05 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Paul Richardson Builder and Contractor Ltd
Notes to the Financial Statements
Statutory Information
Paul Richardson Builder and Contractor Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06765497. |
7 Parkwood
Elmley Castle
Pershore
Worcestershire
WR10 3HT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 11 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Paul Richardson Builder and Contractor Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
100,604
2,743
65,080
32,781
61,650
-
61,650
-
-
(33,343)
-
(33,343)
32,781
93,387
2,743
128,911
Provision for depreciation and impairment |
60,185
2,574
41,680
15,931
Charge for year
24,130
42
19,876
4,212
(27,795)
-
(27,795)
-
56,520
2,616
33,761
20,143
12,638
59,626
127
72,391
16,850
23,400
169
40,419
2023
2024
20,000
20,000
4. Trade and other receivables |
2023
2024
12,056
81,734
1,660
1,524
83,258
13,716
5. Trade and other payables: amounts falling due within one year |
2023
2024
15,468
24,844
Taxation and social security |
22,633
52,567
17,108
10,836
55,209
88,247
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For the year ended 31 March 2024
Paul Richardson Builder and Contractor Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 3.
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
transition to Section 1A of Financial Reporting Standard 102. |
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