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REGISTERED NUMBER: 04743342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

RICKARDS PLASTERING & BUILDING LIMITED

RICKARDS PLASTERING & BUILDING LIMITED (REGISTERED NUMBER: 04743342)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


RICKARDS PLASTERING & BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Rickards
S Shaw





REGISTERED OFFICE: 4th Floor
St James House
St James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 04743342 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

RICKARDS PLASTERING & BUILDING LIMITED (REGISTERED NUMBER: 04743342)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 26,579 24,056

CURRENT ASSETS
Debtors 5 95,328 71,258
Cash at bank 18,663 35,901
113,991 107,159
CREDITORS
Amounts falling due within one year 6 (89,687 ) (73,002 )
NET CURRENT ASSETS 24,304 34,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,883

58,213

CREDITORS
Amounts falling due after more than one
year

7

(15,834

)

(32,154

)

PROVISIONS FOR LIABILITIES (6,645 ) (6,014 )
NET ASSETS 28,404 20,045

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 28,392 20,033
28,404 20,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





J Rickards - Director


RICKARDS PLASTERING & BUILDING LIMITED (REGISTERED NUMBER: 04743342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rickards Plastering & Building 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RICKARDS PLASTERING & BUILDING LIMITED (REGISTERED NUMBER: 04743342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2023 6,895 1,599 44,100 52,594
Additions - - 15,990 15,990
Disposals - - (4,650 ) (4,650 )
At 31 March 2024 6,895 1,599 55,440 63,934
DEPRECIATION
At 1 April 2023 5,668 1,599 21,271 28,538
Charge for year 307 - 11,998 12,305
Eliminated on disposal - - (3,488 ) (3,488 )
At 31 March 2024 5,975 1,599 29,781 37,355
NET BOOK VALUE
At 31 March 2024 920 - 25,659 26,579
At 31 March 2023 1,227 - 22,829 24,056

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 April 2023
and 31 March 2024 32,000
DEPRECIATION
At 1 April 2023 10,333
Charge for year 8,000
At 31 March 2024 18,333
NET BOOK VALUE
At 31 March 2024 13,667
At 31 March 2023 21,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 87,365 57,711
Other debtors 7,963 13,547
95,328 71,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 6,321 7,369
Trade creditors 31,383 24,067
Taxation and social security 29,705 24,796
Other creditors 12,278 6,770
89,687 73,002

RICKARDS PLASTERING & BUILDING LIMITED (REGISTERED NUMBER: 04743342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 15,834 25,833
Hire purchase contracts (see note 8) - 6,321
15,834 32,154

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 6,321 7,369
Between one and five years - 6,321
6,321 13,690

9. RELATED PARTY DISCLOSURES

Included in other creditors are directors loan accounts in the sum of £1,143 (2023: £5,768 debtor) which has been provided by S Shaw, and £8,667 (2023: £4,461) which has been provided by J Rickards. The amounts are unsecured, interest free and carry no fixed date of repayment.

10. CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.