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REGISTERED NUMBER: 02599772 (England and Wales)















RILEY AND CO (MANSFIELD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RILEY AND CO (MANSFIELD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: S Devine-Bradbury





REGISTERED OFFICE: Riley House
Short Street
Sutton in Ashfield
Nottinghamshire
NG17 4GD





REGISTERED NUMBER: 02599772 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,873 36,389

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 134,530 142,627
136,530 144,627
CREDITORS
Amounts falling due within one year 6 137,767 142,715
NET CURRENT (LIABILITIES)/ASSETS (1,237 ) 1,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,636

38,301

CREDITORS
Amounts falling due after more than one
year

7

(39,795

)

(30,229

)

PROVISIONS FOR LIABILITIES (10,426 ) (6,914 )
NET ASSETS 3,415 1,158

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,415 158
SHAREHOLDERS' FUNDS 3,415 1,158

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 director acknowledges his 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.

RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

BALANCE SHEET - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





S Devine-Bradbury - Director


RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Riley And Co (Mansfield) 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.

Preparation of consolidated financial statements
The financial statements contain information about Riley And Co (Mansfield) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover/revenue recognition
Turnover includes revenue on contracts undertaken during the year, wholly with UK customers.

Revenue on contracts is shown at the fair value of the consideration received or receivable, net of VAT, as contract activity progresses and includes attributable profit where this can be recognised with reasonable certainty. Full provision is made for any expected losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

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

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.


RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 115,556
Additions 42,634
Disposals (36,445 )
At 30 April 2024 121,745
DEPRECIATION
At 1 May 2023 73,103
Charge for year 17,680
Eliminated on disposal (23,911 )
At 30 April 2024 66,872
NET BOOK VALUE
At 30 April 2024 54,873
At 30 April 2023 42,453

RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 63,787
Additions 41,670
Disposals (36,445 )
At 30 April 2024 69,012
DEPRECIATION
At 1 May 2023 37,780
Charge for year 14,781
Eliminated on disposal (23,911 )
At 30 April 2024 28,650
NET BOOK VALUE
At 30 April 2024 40,362
At 30 April 2023 26,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,827 62,446
Amounts owed by group undertakings 59,409 70,993
Other debtors 15,294 9,188
134,530 142,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,911 20,128
Hire purchase contracts 8,078 11,124
Trade creditors 57,513 50,641
Taxation and social security 53,384 51,804
Other creditors 6,881 9,018
137,767 142,715

RILEY AND CO (MANSFIELD) LIMITED (REGISTERED NUMBER: 02599772)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,018 18,309
Hire purchase contracts 29,777 11,920
39,795 30,229

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 3,511 11,728
Hire purchase contracts 37,855 23,044
41,366 34,772

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S Devine-Bradbury
Balance outstanding at start of year - -
Amounts advanced 36,888 -
Amounts repaid (30,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,888 -

The directors loan was settled shortly after the year end.

10. RELATED PARTY DISCLOSURES

Including in debtors is an amount due to its parent company, Riley & Co (Mansfield) Holdings Limited of £59,709 (2023: £70,993).The amount is advanced on an interest free basis, repayable upon demand.

The ultimate controlling party is S Devine-Bradbury.