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REGISTERED NUMBER: 04513955 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Richard Gullis Limited

Richard Gullis Limited (Registered number: 04513955)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Gullis Limited

Company Information
for the Year Ended 31 December 2023







Directors: P A Robinson
R J Skilton
D P Treharne





Secretary: D P Treharne





Registered office: Polo Ground Industrial Estate
New Inn
Pontypool
Torfaen
NP4 0TW





Registered number: 04513955 (England and Wales)






Richard Gullis Limited (Registered number: 04513955)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 733 1,206
733 1,206

Current assets
Stocks 178,247 395,600
Debtors 6 172,709 69,320
Cash at bank 323,809 31,157
674,765 496,077
Creditors
Amounts falling due within one year 7 282,707 130,572
Net current assets 392,058 365,505
Total assets less current liabilities 392,791 366,711

Creditors
Amounts falling due after more than one
year

8

80,398

119,046
Net assets 312,393 247,665

Capital and reserves
Called up share capital 10 50,000 50,000
Share premium 100,000 100,000
Retained earnings 162,393 97,665
Shareholders' funds 312,393 247,665

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Richard Gullis Limited (Registered number: 04513955)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





D P Treharne - Director


Richard Gullis Limited (Registered number: 04513955)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Richard Gullis Limited 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 represents net invoiced sales of goods excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation over their estimated useful life of 20 years.

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 etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. Employees and directors

The average number of employees during the year was 12 (2022 - 10 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2023
and 31 December 2023 87,000
Amortisation
At 1 January 2023 84,199
Charge for year 2,801
At 31 December 2023 87,000
Net book value
At 31 December 2023 -
At 31 December 2022 2,801

Richard Gullis Limited (Registered number: 04513955)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2023
and 31 December 2023 142,354
Depreciation
At 1 January 2023 141,148
Charge for year 473
At 31 December 2023 141,621
Net book value
At 31 December 2023 733
At 31 December 2022 1,206

6. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 155,493 53,022
Other debtors 17,216 16,298
172,709 69,320

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade creditors 232,599 124,222
Taxation and social security 6,318 -
Other creditors 43,790 6,350
282,707 130,572

8. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Other creditors 80,398 119,046

9. Secured debts

On the 1 February 2011,the Company entered into a factoring agreement with its bankers. All monies due or to become due from the company to HSBC Invoice Finance (UK) Limited are secured by an all Assets Debenture.

Richard Gullis Limited (Registered number: 04513955)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
30,000 Ordinary A 1 30,000 30,000
20,000 Ordinary B 1 20,000 20,000
50,000 50,000