IRIS Accounts Production v24.3.0.553 06857757 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068577572023-03-31068577572024-03-31068577572023-04-012024-03-31068577572022-03-31068577572022-04-012023-03-31068577572023-03-3106857757ns16:EnglandWales2023-04-012024-03-3106857757ns15:PoundSterling2023-04-012024-03-3106857757ns11:Director12023-04-012024-03-3106857757ns11:Director22023-04-012024-03-3106857757ns11:PrivateLimitedCompanyLtd2023-04-012024-03-3106857757ns11:SmallEntities2023-04-012024-03-3106857757ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-3106857757ns11:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106857757ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106857757ns11:AbridgedAccounts2023-04-012024-03-3106857757ns11:RegisteredOffice2023-04-012024-03-3106857757ns6:CurrentFinancialInstruments2024-03-3106857757ns6:CurrentFinancialInstruments2023-03-3106857757ns6:ShareCapital2024-03-3106857757ns6:ShareCapital2023-03-3106857757ns6:RetainedEarningsAccumulatedLosses2024-03-3106857757ns6:RetainedEarningsAccumulatedLosses2023-03-3106857757ns6:NetGoodwill2023-04-012024-03-3106857757ns6:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106857757ns6:PlantMachinery2023-04-012024-03-3106857757ns6:MotorVehicles2023-04-012024-03-3106857757ns6:ComputerEquipment2023-04-012024-03-31
REGISTERED NUMBER: 06857757 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RICHMOND INTERIOR SUPPLIES LTD

RICHMOND INTERIOR SUPPLIES LTD (REGISTERED NUMBER: 06857757)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


RICHMOND INTERIOR SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P C Rogerson
M Rogerson





REGISTERED OFFICE: Units 2-4
Chichester Business Centre
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 06857757 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

RICHMOND INTERIOR SUPPLIES LTD (REGISTERED NUMBER: 06857757)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,220 110,961

CURRENT ASSETS
Stocks 275,661 275,259
Debtors 175,349 63,910
Cash at bank and in hand 2,275,797 3,114,827
2,726,807 3,453,996
CREDITORS
Amounts falling due within one year 57,188 195,537
NET CURRENT ASSETS 2,669,619 3,258,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,766,839

3,369,420

PROVISIONS FOR LIABILITIES (1,895 ) (27,740 )

ACCRUALS AND DEFERRED INCOME - (334,880 )
NET ASSETS 2,764,944 3,006,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,764,844 3,006,700
SHAREHOLDERS' FUNDS 2,764,944 3,006,800

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.

RICHMOND INTERIOR SUPPLIES LTD (REGISTERED NUMBER: 06857757)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 May 2024 and were signed on its behalf by:




P C Rogerson - Director



M Rogerson - Director


RICHMOND INTERIOR SUPPLIES LTD (REGISTERED NUMBER: 06857757)

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

1. STATUTORY INFORMATION

Richmond Interior Supplies Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The goodwill of £1,002 acquired in 2010 has been written off in full.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 42 ) .

RICHMOND INTERIOR SUPPLIES LTD (REGISTERED NUMBER: 06857757)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 348,920
Additions 16,000
At 31 March 2024 364,920
DEPRECIATION
At 1 April 2023 237,959
Charge for year 29,741
At 31 March 2024 267,700
NET BOOK VALUE
At 31 March 2024 97,220
At 31 March 2023 110,961

5. ULTIMATE CONTROLLING PARTY

P Rogerson controls the company by virtue of his majority holding in the called up share capital of the company.