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REGISTERED NUMBER: 12445247 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

RICHARDS AGRI LIMITED

RICHARDS AGRI LIMITED (REGISTERED NUMBER: 12445247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RICHARDS AGRI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr M J Richards





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 12445247 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

RICHARDS AGRI LIMITED (REGISTERED NUMBER: 12445247)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311,225 200,580

CURRENT ASSETS
Stocks 5 62,250 53,500
Debtors 6 95,876 16,704
Cash at bank 16,591 24,537
174,717 94,741
CREDITORS
Amounts falling due within one year 7 678,405 494,725
NET CURRENT LIABILITIES (503,688 ) (399,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(192,463

)

(199,404

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (192,464 ) (199,405 )
SHAREHOLDERS' FUNDS (192,463 ) (199,404 )

RICHARDS AGRI LIMITED (REGISTERED NUMBER: 12445247)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 September 2024 and were signed by:





Mr M J Richards - Director


RICHARDS AGRI LIMITED (REGISTERED NUMBER: 12445247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Richards Agri 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.

GOING CONCERN
The company's balance sheet shows a net deficit shareholders fund position. However, the director (who is also the shareholder) has confirmed his continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

TURNOVER
Turnover 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.
Plant and machinery - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

RICHARDS AGRI LIMITED (REGISTERED NUMBER: 12445247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
Cost
At 1 March 2023 28,248 260,556 288,804
Additions - 183,191 183,191
Disposals - (58,037 ) (58,037 )
At 29 February 2024 28,248 385,710 413,958
Depreciation
At 1 March 2023 - 88,224 88,224
Charge for year - 32,296 32,296
Eliminated on disposal - (17,787 ) (17,787 )
At 29 February 2024 - 102,733 102,733
Net book value
At 29 February 2024 28,248 282,977 311,225
At 28 February 2023 28,248 172,332 200,580

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 62,250 53,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 59,519 -
Other debtors 36,357 16,704
95,876 16,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 678,405 494,725

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary shares £1 1 1