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Company No: 03416157 (England and Wales)

RICHARD COLEMAN AND PARTNERS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

RICHARD COLEMAN AND PARTNERS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

RICHARD COLEMAN AND PARTNERS LTD

BALANCE SHEET

As at 30 April 2024
RICHARD COLEMAN AND PARTNERS LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,000 1,523
1,000 1,523
Current assets
Debtors 4 19,478 19,336
19,478 19,336
Creditors: amounts falling due within one year 5 ( 39,676) ( 49,411)
Net current liabilities (20,198) (30,075)
Total assets less current liabilities (19,198) (28,552)
Net liabilities ( 19,198) ( 28,552)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 19,298 ) ( 28,652 )
Total shareholders' deficit ( 19,198) ( 28,552)

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Richard Coleman and Partners Ltd (registered number: 03416157) were approved and authorised for issue by the Board of Directors on 29 January 2025. They were signed on its behalf by:

R Coleman
Director
RICHARD COLEMAN AND PARTNERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
RICHARD COLEMAN AND PARTNERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Richard Coleman and Partners Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 463 Ashley Road, Parkstone, Poole, BH14 0AX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 4

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2023 1,566 1,566
At 30 April 2024 1,566 1,566
Accumulated depreciation
At 01 May 2023 43 43
Charge for the financial year 523 523
At 30 April 2024 566 566
Net book value
At 30 April 2024 1,000 1,000
At 30 April 2023 1,523 1,523

4. Debtors

2024 2023
£ £
Trade debtors 14,952 14,819
Other debtors 4,526 4,517
19,478 19,336

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 876 7,050
Taxation and social security 7,951 8,019
Other creditors 30,849 34,342
39,676 49,411

6. Related party transactions

Other related party transactions

2024 2023
£ £
Key management personnel 208 0