Company Registration No. 06901304 (England and Wales)
Richard Dickson Property Consultancy Ltd
Unaudited accounts
for the year ended 31 May 2024
Richard Dickson Property Consultancy Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
42,166
56,722
Cash at bank and in hand
34,305
72,580
Creditors: amounts falling due within one year
(48,492)
(82,943)
Net current assets
38,315
21,317
Total assets less current liabilities
80,481
78,039
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
71,469
77,039
Shareholders' funds
72,469
78,039
For the year ending 31 May 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 24 January 2025 and were signed on its behalf by
Richard Dickson
Director
Company Registration No. 06901304
Richard Dickson Property Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
Richard Dickson Property Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 06901304. The registered office is R J Wilber Chartered Accountants, 28 High Street, Bidford-on-Avon, Alcester, Warwickshire, B50 4AA, England.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
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.
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.
Richard Dickson Property Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
56,060
30,358
9,189
95,607
At 31 May 2024
56,060
30,358
10,467
96,885
At 1 June 2023
14,015
17,632
7,238
38,885
Charge for the year
10,511
4,241
1,082
15,834
At 31 May 2024
24,526
21,873
8,320
54,719
At 31 May 2024
31,534
8,485
2,147
42,166
At 31 May 2023
42,045
12,726
1,951
56,722
Amounts falling due within one year
Trade debtors
48,042
31,680
Accrued income and prepayments
129
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
71,290
61,613
Loans from directors
(25,524)
11,697
7
Deferred taxation
2024
2023
Accelerated capital allowances
8,012
-
Charged to the profit and loss account
8,012
-
Provision at end of year
8,012
-
Richard Dickson Property Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
- Ordinary shares of £1 each
-
1,000
500 Ordinary A Shares of £1 each
500
500
500 Ordinary B Shares of £1 each
500
500
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Richard Dickson
-
25,524
-
25,524
10
Average number of employees
During the year the average number of employees was 1 (2023: 2).