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REGISTERED NUMBER: 10954206 (England and Wales)















C & T RICHARDSON LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & T RICHARDSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: C M Richardson





SECRETARY: C M Richardson





REGISTERED OFFICE: Rich Hill Farm
Llansoar, Caerleon
United Kingdom
Newport
NP18 1LS





REGISTERED NUMBER: 10954206 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,974 6,075

CURRENT ASSETS
Debtors 5 81,642 10,094
Cash at bank 157,065 15,199
238,707 25,293
CREDITORS
Amounts falling due within one year 6 339,662 6,122
NET CURRENT (LIABILITIES)/ASSETS (100,955 ) 19,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,019

25,246

PROVISIONS FOR LIABILITIES 75,244 1,154
NET ASSETS 124,775 24,092

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 124,774 24,091
SHAREHOLDERS' FUNDS 124,775 24,092

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

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

C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)

BALANCE SHEET - continued
31ST AUGUST 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd August 2024 and were signed by:





C M Richardson - Director


C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

C & T Richardson 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 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 - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2022 6,750 - - 6,750
Additions 289,093 65,680 120 354,893
At 31st August 2023 295,843 65,680 120 361,643
DEPRECIATION
At 1st September 2022 675 - - 675
Charge for year 43,544 16,420 30 59,994
At 31st August 2023 44,219 16,420 30 60,669
NET BOOK VALUE
At 31st August 2023 251,624 49,260 90 300,974
At 31st August 2022 6,075 - - 6,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,100 8,190
Amounts owed by group undertakings 181 181
VAT 10,242 1,723
Prepayments 4,119 -
81,642 10,094

C & T RICHARDSON LTD (REGISTERED NUMBER: 10954206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,947 -
Corporation Tax 61,668 4,497
Social security and other taxes 4,468 -
Directors' current accounts 247,097 -
Accruals and deferred income 6,482 1,625
339,662 6,122

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 1 A Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

The company had an outstanding director's loan account at the year end due to Mr C Richardson £247,097 (2022 - £0).

The company had an outstanding intercompany loan account at the year end due from Usk Valley Holdings Limited of £181 (2022 - £181). Usk Valley Holdings Limited is the parent company of C & T Richardson Ltd.