Company No:
Contents
DIRECTOR | Alexander John Richardson (Appointed 10 January 2023) |
REGISTERED OFFICE | 18 Northgate |
Sleaford | |
NG34 7BJ | |
United Kingdom |
BUSINESS ADDRESS | 2 Laurel Grove |
Silk Willoughby | |
Sleaford | |
NG34 8PP |
COMPANY NUMBER | 14583678 (England and Wales) |
ACCOUNTANT | Duncan & Toplis Limited |
18 Northgate | |
Sleaford | |
Lincolnshire | |
NG34 7BJ |
Note | 2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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30,937 | ||
Current assets | ||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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14,671 | ||
Creditors: amounts falling due within one year | 5, 8 | (
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Net current liabilities | (17,461) | |
Total assets less current liabilities | 13,476 | |
Creditors: amounts falling due after more than one year | 6 | (
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Provision for liabilities | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Richwood Cabinetmakers Limited (registered number:
Alexander John Richardson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
Richwood Cabinetmakers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Northgate, Sleaford, NG34 7BJ, United Kingdom. The principal place of business is 2 Laurel Grove, Silk Willoughby, Sleaford, NG34 8PP.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Plant and machinery etc. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2023 | |
Number | |
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||
At 01 January 2023 |
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Charge for the financial year |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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2023 | |
£ | |
Trade debtors |
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Other debtors |
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2023 | |
£ | |
Taxation and social security |
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Other creditors |
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2023 | |
£ | |
Bank loans |
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2023 | |
£ | |
Allotted, called-up and fully-paid | |
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As at 31 December 2023 the directors were owed £25,118 from the company. The loan is unsecured, interest free and repayable on demand.