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REGISTERED NUMBER: 00548018 (England and Wales)












JOHN RICHARDSON & SON (GOSBERTON) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOHN RICHARDSON & SON (GOSBERTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs S A Richardson
D I Richardson
P R Richardson





SECRETARY: Mrs S A Richardson





REGISTERED OFFICE: Castledyke Farm
Gipsey Bridge
Boston
Lincolnshire
PE22 7BW





REGISTERED NUMBER: 00548018 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Boston)
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,075,337 1,154,211
Investments 4 81 81
1,075,418 1,154,292

CURRENT ASSETS
Stocks 5 309,945 435,443
Debtors 6 96,207 183,756
Cash at bank 82,857 300,761
489,009 919,960
CREDITORS
Amounts falling due within one year 7 239,617 307,310
NET CURRENT ASSETS 249,392 612,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,324,810

1,766,942

CREDITORS
Amounts falling due after more than one
year

8

967,637

1,054,163
NET ASSETS 357,173 712,779

CAPITAL AND RESERVES
Called up share capital 49,265 49,265
Retained earnings 307,908 663,514
SHAREHOLDERS' FUNDS 357,173 712,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

BALANCE SHEET - continued
5 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





P R Richardson - Director


JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. 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.

Preparation of consolidated financial statements
The financial statements contain information about John Richardson & Son (Gosberton) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023 970,039 1,398,822 112,483 8,537 2,489,881
Additions - 9,975 - 1,669 11,644
At 5 April 2024 970,039 1,408,797 112,483 10,206 2,501,525
DEPRECIATION
At 6 April 2023 351,208 867,733 108,610 8,119 1,335,670
Charge for year 16,977 72,351 773 417 90,518
At 5 April 2024 368,185 940,084 109,383 8,536 1,426,188
NET BOOK VALUE
At 5 April 2024 601,854 468,713 3,100 1,670 1,075,337
At 5 April 2023 618,831 531,089 3,873 418 1,154,211

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 6 April 2023
and 5 April 2024 1 80 81
NET BOOK VALUE
At 5 April 2024 1 80 81
At 5 April 2023 1 80 81

5. STOCKS
2024 2023
£    £   
Valuation 309,945 435,443

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 15,694 77,927
Sundry debtors - 1,725
Tax 16,147 16,147
VAT 4,847 6,540
Prepayments and accrued income 20,264 22,162
56,952 124,501

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 39,255 59,255

Aggregate amounts 96,207 183,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 89,105 96,307
Trade creditors 110,529 158,723
Tax - 10,064
Social security and other taxes 3,556 3,850
Directors' current accounts 32,577 34,516
Accruals and deferred income 3,850 3,850
239,617 307,310

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 174,165 194,609
Bank loans - 2-5 years 488,500 498,587
Banks loan repayable over
more than 5 years by
instalments 304,972 360,967
967,637 1,054,163

Amounts falling due in more than five years:

Repayable by instalments
Banks loan repayable over
more than 5 years by
instalments 304,972 360,967
304,972 360,967

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,056,742 1,150,470

The bank overdraft and loans are secured by a legal charge over the company's land.

JOHN RICHARDSON & SON (GOSBERTON) LTD (REGISTERED NUMBER: 00548018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


10. ULTIMATE CONTROLLING PARTY

Control is exercised by the trustees of the family settlement who between them hold 75% of the "A" ordinary shares and 100% of the issued "B" ordinary shares.