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COMPANY REGISTRATION NUMBER: 06505190
Stephen Richardson Design Ltd
Filleted Unaudited Financial Statements
29 February 2024
Stephen Richardson Design Ltd
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
11,100
6,100
Cash at bank and in hand
1,304
12,961
--------
--------
12,404
19,061
Creditors: amounts falling due within one year
6
5,618
9,757
--------
--------
Net current assets
6,786
9,304
-------
-------
Total assets less current liabilities
6,786
9,304
Creditors: amounts falling due after more than one year
7
6,719
9,233
-------
-------
Net assets
67
71
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
65
69
----
----
Shareholders funds
67
71
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Stephen Richardson Design Ltd
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 13 November 2024 , and are signed on behalf of the board by:
Mr S Richardson
Director
Company registration number: 06505190
Stephen Richardson Design Ltd
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32-34 Station Close, Potters Bar, Herts, EN6 1TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current tax
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
4,000
Other debtors
11,100
2,100
--------
-------
11,100
6,100
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,376
8,701
Other creditors
2,242
1,056
-------
-------
5,618
9,757
-------
-------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,719
9,233
-------
-------
8. Director's advances, credits and guarantees
The director owed the company £11,100 (2023:£2,100) which was repaid after the year end.
9. Controlling party
The company was under the control of Mr S Richardson throughout the current and previous year.