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REGISTERED NUMBER: 02683441 (England and Wales)












Financial Statements

for the Year Ended 5 April 2024

for

W. Austen Richardson Limited

W. Austen Richardson Limited (Registered number: 02683441)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. Austen Richardson Limited

Company Information
for the Year Ended 5 April 2024







Directors: Mr G J Richardson
Mrs C B Richardson





Secretary: Mrs C B Richardson





Registered office: Hutton Fields
Hutton Magna
Richmond
North Yorkshire
DL11 7HG





Registered number: 02683441 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

W. Austen Richardson Limited (Registered number: 02683441)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,051,649 3,207,378

Current assets
Stocks 498,985 610,120
Debtors 5 68,419 75,255
Cash at bank 328,149 265,090
895,553 950,465
Creditors
Amounts falling due within one year 6 810,434 678,033
Net current assets 85,119 272,432
Total assets less current liabilities 3,136,768 3,479,810

Creditors
Amounts falling due after more than one
year

7

(346,358

)

(624,716

)

Provisions for liabilities (168,957 ) (153,461 )
Net assets 2,621,453 2,701,633

Capital and reserves
Called up share capital 9 584,257 584,257
Retained earnings 2,037,196 2,117,376
Shareholders' funds 2,621,453 2,701,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

W. Austen Richardson Limited (Registered number: 02683441)

Balance Sheet - continued
5 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:





Mr G J Richardson - Director


W. Austen Richardson Limited (Registered number: 02683441)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. Statutory information

W. Austen Richardson 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.

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.
Freehold property - over ten, twenty five or fifty years
Improvements to property - over ten, twenty five or fifty years
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


W. Austen Richardson Limited (Registered number: 02683441)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. Accounting policies - continued
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.

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 6 (2023 - 6 ) .

4. Tangible fixed assets
Improvements
Freehold to Plant and
property property machinery
£    £    £   
Cost
At 6 April 2023 3,035,770 189,738 1,646,740
Additions - - 39,135
At 5 April 2024 3,035,770 189,738 1,685,875
Depreciation
At 6 April 2023 805,681 30,285 847,359
Charge for year 18,519 4,743 167,706
At 5 April 2024 824,200 35,028 1,015,065
Net book value
At 5 April 2024 2,211,570 154,710 670,810
At 5 April 2023 2,230,089 159,453 799,381

W. Austen Richardson Limited (Registered number: 02683441)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. Tangible fixed assets - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 6 April 2023 43,767 13,000 942 4,929,957
Additions - - - 39,135
At 5 April 2024 43,767 13,000 942 4,969,092
Depreciation
At 6 April 2023 29,425 8,887 942 1,722,579
Charge for year 2,868 1,028 - 194,864
At 5 April 2024 32,293 9,915 942 1,917,443
Net book value
At 5 April 2024 11,474 3,085 - 3,051,649
At 5 April 2023 14,342 4,113 - 3,207,378

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 11,917 42,774
Other debtors 56,502 32,481
68,419 75,255

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 70,000 70,000
Trade creditors 111,692 15,574
Taxation and social security 39,563 53,372
Other creditors 549,179 499,087
810,434 678,033

W. Austen Richardson Limited (Registered number: 02683441)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 346,358 554,716
Hire purchase contracts - 70,000
346,358 624,716

Amounts falling due in more than five years:

Repayable by instalments
Bank loan - over 5 years 300,285 400,000

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 386,358 594,716

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
584,282 Ordinary £1 584,257 584,257