Richardson Builders Limited |
Registered Number:03302395 |
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2024
Richardson Builders Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Richardson Builders Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
35,790
43,885
2
35,790
43,885
11,241
75,626
3
Trade and other receivables |
6,914
5,059
4
189,666
Cash and cash equivalents |
42,543
123,228
207,821
Trade and other payables: amounts falling due within one |
year |
(107,120)
(68,153)
5
100,701
55,075
Net current assets
Total assets less current liabilities |
90,865
144,586
Trade and other payables: amounts falling due after more |
than one year |
(8,636)
(5,041)
6
(6,800)
(8,300)
Provisions for liabilities |
79,024
Net assets
127,650
200
200
78,824
127,450
79,024
127,650
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr M.E.Richardson Director |
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2024
Richardson Builders Limited
Notes to the Financial Statements
Statutory Information
Richardson Builders Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03302395. |
29 Church Lane
Sheffield
S17 3GS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of materials and building services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs. |
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. |
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For the year ended 31 January 2024
Richardson Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
100,627
14,970
47,494
38,163
1,939
1,939
-
-
38,163
47,494
16,909
102,566
Provision for depreciation and impairment |
56,742
12,167
15,881
28,694
Charge for year
10,034
711
7,903
1,420
66,776
12,878
23,784
30,114
8,049
23,710
4,031
35,790
9,469
31,613
2,803
43,885
The net book value of Commercial Vehicles, of £23,710, includes £14,622 in respect of assets under finance leases or |
hire purchase contracts. |
The depreciation charge for the year includes £4,874 in respect of Commercial Vehicles and Plant under finance |
leases or hire purchase contracts. |
2023
2024
75,626
11,241
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up at the year end.Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs. |
4. Trade and other receivables |
2023
2024
5,059
6,914
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For the year ended 31 January 2024
Richardson Builders Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
36,815
40,782
Taxation and social security |
18,950
54,863
12,388
11,475
68,153
107,120
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
5,041
8,636
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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