2023-04-01 06765497 2024-03-31 06765497 2023-04-01 2024-03-31 06765497 2023-03-31 06765497 2022-04-01 2023-03-31 06765497 uk-core:WithinOneYear 2023-03-31 06765497 uk-core:WithinOneYear 2024-03-31 06765497 uk-core:ShareCapital 2024-03-31 06765497 uk-core:ShareCapital 2023-03-31 06765497 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 06765497 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06765497 uk-bus:Director1 2023-04-01 2024-03-31 06765497 uk-core:NetGoodwill 2023-04-01 2024-03-31 06765497 uk-core:PlantMachinery 2023-04-01 2024-03-31 06765497 uk-core:ToolsEquipment 2023-04-01 2024-03-31 06765497 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 06765497 uk-core:ToolsEquipment 2023-03-31 06765497 uk-core:CommercialMotorVehicles 2023-03-31 06765497 uk-core:PlantMachinery 2023-03-31 06765497 uk-core:PlantMachinery 2024-03-31 06765497 uk-core:CommercialMotorVehicles 2024-03-31 06765497 uk-core:ToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure 06765497 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06765497 uk-bus:FRS102 2023-04-01 2024-03-31 06765497 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 06765497 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Paul Richardson Builder and Contractor Ltd
Registered Number:06765497
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
06765497
As at 31 March 2024
Paul Richardson Builder and Contractor Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
72,391
40,419
2
72,391
40,419
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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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4
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.
Registered address:
7 Parkwood
Elmley Castle
Pershore
Worcestershire
WR10 3HT
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
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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5
For the year ended 31 March 2024
Paul Richardson Builder and Contractor Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2023
100,604
2,743
65,080
32,781
61,650
-
61,650
-
Additions
-
(33,343)
-
Disposals
(33,343)
At 31 March 2024
32,781
93,387
2,743
128,911
Provision for depreciation and impairment
At 01 April 2023
60,185
2,574
41,680
15,931
Charge for year
24,130
42
19,876
4,212
(27,795)
-
(27,795)
-
On disposal
At 31 March 2024
56,520
2,616
33,761
20,143
At 31 March 2024
Net book value
12,638
59,626
127
72,391
At 31 March 2023
16,850
23,400
169
40,419
3. Inventories
2023
2024
£
£
Stocks
20,000
20,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
12,056
81,734
Other debtors
1,660
1,524
83,258
13,716
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
15,468
24,844
Taxation and social security
22,633
52,567
Other creditors
17,108
10,836
55,209
88,247
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6
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.
7. Transition to FRS 102
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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