Company Registration No. 13398362 (England and Wales)
Richwise Living Ltd
Unaudited accounts
for the year ended 31 May 2024
Richwise Living Ltd
Unaudited accounts
Contents
Richwise Living Ltd
Company Information
for the year ended 31 May 2024
Company Number
13398362 (England and Wales)
Registered Office
5 Tacket Street
Ipswich
IP4 1AU
England
Accountants
CMZ Accounting Ltd
Unit A, 82 James Carter Road
Mildenhall
Suffolk
IP28 7DE
Richwise Living Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
4,442
5,433
Cash at bank and in hand
1,201
1,040
Creditors: amounts falling due within one year
(217,066)
(184,389)
Net current liabilities
(212,820)
(180,516)
Net liabilities
(208,378)
(175,083)
Called up share capital
1
1
Profit and loss account
(208,379)
(175,084)
Shareholders' funds
(208,378)
(175,083)
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 director acknowledges his 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 and authorised for issue on 21 February 2025 and were signed on its behalf by
Ling Yu Chan
Director
Company Registration No. 13398362
Richwise Living Ltd
Notes to the Accounts
for the year ended 31 May 2024
Richwise Living Ltd is a private company, limited by shares, registered in England and Wales, registration number 13398362. The registered office is 5 Tacket Street, Ipswich, IP4 1AU, 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.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
6,057
734
6,791
At 31 May 2024
6,057
982
7,039
At 1 June 2023
1,150
208
1,358
Charge for the year
1,211
28
1,239
At 31 May 2024
2,361
236
2,597
At 31 May 2024
3,696
746
4,442
At 31 May 2023
4,907
526
5,433
Richwise Living Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
1,905
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
193
1,841
Other creditors
10,384
25,483
Loans from directors
203,106
156,952
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).