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
Richard Parish Limited
Company Information
for the year ended 30 April 2024
Directors
R Parish
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
Richard Parish Limited
Statement of financial position
as at 30 April 2024
Tangible assets
20,756
32,112
Cash at bank and in hand
60,526
40,207
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)
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
Richard Parish Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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 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.
Richard Parish Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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
5
Tangible fixed assets
Plant & machinery
Charge for the year
12,451
Richard Parish Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
7,186
10,336
Accrued income and prepayments
321
280
Other debtors
6,685
20,523
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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
Loans from directors
10,094
-
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).