2023-02-01 03302395 2024-01-31 03302395 2023-02-01 2024-01-31 03302395 2023-01-31 03302395 2022-02-01 2023-01-31 03302395 uk-core:WithinOneYear 2023-01-31 03302395 uk-core:WithinOneYear 2024-01-31 03302395 uk-core:AfterOneYear 2023-01-31 03302395 uk-core:AfterOneYear 2024-01-31 03302395 uk-core:ShareCapital 2024-01-31 03302395 uk-core:ShareCapital 2023-01-31 03302395 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 03302395 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 03302395 uk-bus:Director1 2023-02-01 2024-01-31 03302395 uk-core:PlantMachinery 2023-02-01 2024-01-31 03302395 uk-core:CommercialMotorVehicles 2023-02-01 2024-01-31 03302395 uk-core:FurnitureFittings 2023-02-01 2024-01-31 03302395 uk-core:FurnitureFittings 2023-01-31 03302395 uk-core:CommercialMotorVehicles 2023-01-31 03302395 uk-core:PlantMachinery 2023-01-31 03302395 uk-core:PlantMachinery 2024-01-31 03302395 uk-core:CommercialMotorVehicles 2024-01-31 03302395 uk-core:FurnitureFittings 2024-01-31 iso4217:GBP xbrli:pure 03302395 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 03302395 uk-bus:FRS102 2023-02-01 2024-01-31 03302395 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 03302395 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Richardson Builders Limited
Registered Number:03302395
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
03302395
As at 31 January 2024
Richardson Builders Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
35,790
43,885
2
35,790
43,885
Current assets
Inventories
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
Capital and reserves
Called up share capital
200
200
Retained earnings
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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4
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.
Registered address:
29 Church Lane
Sheffield
S17 3GS
The presentation currency is £ sterling.
1. Accounting policies
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
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
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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5
For the year ended 31 January 2024
Richardson Builders Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2023
100,627
14,970
47,494
38,163
1,939
1,939
-
-
Additions
At 31 January 2024
38,163
47,494
16,909
102,566
Provision for depreciation and impairment
At 01 February 2023
56,742
12,167
15,881
28,694
Charge for year
10,034
711
7,903
1,420
At 31 January 2024
66,776
12,878
23,784
30,114
At 31 January 2024
Net book value
8,049
23,710
4,031
35,790
At 31 January 2023
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.
3. Inventories
2023
2024
£
£
Stocks
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
£
£
Trade debtors
5,059
6,914
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6
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
£
£
Trade creditors
36,815
40,782
Taxation and social security
18,950
54,863
Other creditors
12,388
11,475
68,153
107,120
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
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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