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REGISTERED NUMBER: 03650400 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Richard Bamber & Company Limited

Richard Bamber & Company Limited (Registered number: 03650400)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Richard Bamber & Company Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr R Bamber
Mr R M Bamber





REGISTERED OFFICE: The Old Halsall Arms
2 Summerwood Lane
Halsall
Ormskirk
Lancashire
L39 8RJ





REGISTERED NUMBER: 03650400 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Richard Bamber & Company Limited (Registered number: 03650400)

Balance Sheet
30 April 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 42,525 56,700
Tangible assets 5 1,980 2,312
44,505 59,012

CURRENT ASSETS
Debtors 6 254,424 28,640
Cash at bank 1,464,632 1,570,056
1,719,056 1,598,696
CREDITORS
Amounts falling due within one year 7 (128,901 ) (248,998 )
NET CURRENT ASSETS 1,590,155 1,349,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,634,660

1,408,710

PROVISIONS FOR LIABILITIES 9 (495 ) -
NET ASSETS 1,634,165 1,408,710

CAPITAL AND RESERVES
Called up share capital 10 125,100 125,100
Retained earnings 1,509,065 1,283,610
SHAREHOLDERS' FUNDS 1,634,165 1,408,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 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 20 January 2025 and were signed on its behalf by:





Mr R M Bamber - Director


Richard Bamber & Company Limited (Registered number: 03650400)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Richard Bamber & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents commissions and fees earned in the accounting period net of related reclaims. Turnover is recognised when the right to consideration exists under contract.

Goodwill
The net book value brought forward of Goodwill, remaining from the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over the estimated residual economic life of 10 years from 1 May 2017.

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 etc - 15% on reducing balance and 10% on cost

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 defined contribution pension schemes. Contributions payable for the year are charged in the Profit & Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

Richard Bamber & Company Limited (Registered number: 03650400)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 250,000
AMORTISATION
At 1 May 2023 193,300
Charge for year 14,175
At 30 April 2024 207,475
NET BOOK VALUE
At 30 April 2024 42,525
At 30 April 2023 56,700

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 May 2023
and 30 April 2024 53,977 25,000 78,977
DEPRECIATION
At 1 May 2023 51,765 24,900 76,665
Charge for year 332 - 332
At 30 April 2024 52,097 24,900 76,997
NET BOOK VALUE
At 30 April 2024 1,880 100 1,980
At 30 April 2023 2,212 100 2,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 254,424 28,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 500 500
Taxation and social security 86,540 99,139
Other creditors 41,861 149,359
128,901 248,998

Richard Bamber & Company Limited (Registered number: 03650400)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 40,995 50,710
Between one and five years 11,820 40,964
52,815 91,674

9. PROVISIONS FOR LIABILITIES
2024
£
Deferred tax 495

Deferred tax
£
Balance at 1 May 2023 (14,347 )
Movement in year 14,842
Balance at 30 April 2024 495

The deferred tax provision is entirely in respect of capital allowances claimed on tangible fixed assets in excess of depreciation charges.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
125,000 Ordinary £1 125,000 125,000
100 Ordinary A £1 100 100
125,100 125,100

11. ULTIMATE CONTROLLING PARTY

Third Floor Wealth Holdings Limited is the ultimate parent company. The parent's registered office is The Old Halsall Arms, 2 Summerwood Lane, Halsall, Ormskirk, L39 8RJ