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Company Registration No. 8503242 (England and Wales)
Richardson Export Co Ltd Unaudited accounts for the year ended 30 September 2023
Richardson Export Co Ltd Unaudited accounts Contents
Page
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Richardson Export Co Ltd Company Information for the year ended 30 September 2023
Director
Elizabeth Penelope Westhead
Company Number
8503242 (England and Wales)
Registered Office
54 ORMESBY WAY HARROW HA3 9SF
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Richardson Export Co Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
134 
Current assets
Debtors
1,938,019 
1,869,369 
Cash at bank and in hand
2,853,394 
3,232,628 
4,791,413 
5,101,997 
Creditors: amounts falling due within one year
(4,124,908)
(4,471,848)
Net current assets
666,505 
630,149 
Net assets
666,505 
630,283 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
665,505 
629,283 
Shareholders' funds
666,505 
630,283 
For the year ending 30 September 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2024 and were signed on its behalf by
Elizabeth Penelope Westhead Director Company Registration No. 8503242
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Richardson Export Co Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Richardson Export Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 8503242. The registered office is 54 ORMESBY WAY, HARROW, HA3 9SF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of goods and services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives on a straight line basis:
Computer equipment
33.3%
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when they fall due.
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Richardson Export Co Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,102 
At 30 September 2023
1,102 
Depreciation
At 1 October 2022
968 
Charge for the year
134 
At 30 September 2023
1,102 
Net book value
At 30 September 2023
- 
At 30 September 2022
134 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
939,616 
1,230,228 
Accrued income and prepayments
897,753 
596,141 
Other debtors
100,650 
43,000 
1,938,019 
1,869,369 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
46,827 
13,059 
Taxes and social security
11,369 
33,138 
Other creditors
4,065,162 
4,424,901 
Accruals
1,550 
750 
4,124,908 
4,471,848 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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