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Company Registration No. 05177369 (England and Wales)
Richard Parish Limited Unaudited accounts for the year ended 30 April 2024
Richard Parish Limited Unaudited accounts Contents
Page
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Richard Parish Limited Company Information for the year ended 30 April 2024
Directors
R Parish C Parish
Secretary
C Parish
Company Number
05177369 (England and Wales)
Registered Office
101 CAERPHILLY ROAD BIRCHGROVE CARDIFF SOUTH GLAMORGAN CF14 4AE
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Richard Parish Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,756 
32,112 
Current assets
Inventories
6,900 
6,900 
Debtors
15,208 
31,968 
Cash at bank and in hand
60,526 
40,207 
82,634 
79,075 
Creditors: amounts falling due within one year
(38,834)
(26,319)
Net current assets
43,800 
52,756 
Total assets less current liabilities
64,556 
84,868 
Creditors: amounts falling due after more than one year
(11,751)
(15,562)
Provisions for liabilities
Deferred tax
(3,347)
(5,682)
Net assets
49,458 
63,624 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
49,358 
63,524 
Shareholders' funds
49,458 
63,624 
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
R Parish Director Company Registration No. 05177369
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Richard Parish Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Richard Parish Limited is a private company, limited by shares, registered in England and Wales, registration number 05177369. The registered office is 101 CAERPHILLY ROAD, BIRCHGROVE, CARDIFF, SOUTH GLAMORGAN, CF14 4AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Richard Parish Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
32,000 
At 30 April 2024
32,000 
Amortisation
At 1 May 2023
32,000 
At 30 April 2024
32,000 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
103,102 
Additions
1,095 
At 30 April 2024
104,197 
Depreciation
At 1 May 2023
70,990 
Charge for the year
12,451 
At 30 April 2024
83,441 
Net book value
At 30 April 2024
20,756 
At 30 April 2023
32,112 
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Richard Parish Limited Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,016 
829 
Trade debtors
7,186 
10,336 
Accrued income and prepayments
321 
280 
Other debtors
6,685 
20,523 
15,208 
31,968 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,811 
3,811 
Trade creditors
9,346 
10,105 
Taxes and social security
15,107 
10,640 
Other creditors
476 
443 
Loans from directors
10,094 
- 
Accruals
- 
1,320 
38,834 
26,319 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,751 
15,562 
9
Average number of employees
During the year the average number of employees was 7 (2023: 9).
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