Registered number
06304146
DR J A RICHARDS LIMITED
Filleted Accounts
30 November 2024
DR J A RICHARDS LIMITED
Registered number: 06304146
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 12,786
Current assets
Stocks 24,500 2,861
Debtors 4 1,056,162 85,838
Cash at bank and in hand 95,590 992,609
1,176,252 1,081,308
Creditors: amounts falling due within one year 5 (197,812) (230,173)
Net current assets 978,440 851,135
Total assets less current liabilities 978,440 863,921
Provisions for liabilities (9,905) (9,905)
Net assets 968,535 854,016
Capital and reserves
Called up share capital 100 100
Profit and loss account 968,435 853,916
Shareholders' funds 968,535 854,016
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Usman Zafar
Director
Approved by the board on 17 February 2025
DR J A RICHARDS LIMITED
Notes to the Accounts
for the period from 1 August 2023 to 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 190,162
At 30 November 2024 190,162
Depreciation
At 1 August 2023 177,376
Charge for the period 12,786
At 30 November 2024 190,162
Net book value
At 30 November 2024 -
At 31 July 2023 12,786
4 Debtors 2024 2023
£ £
Other debtors 1,056,162 85,838
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 67,581 15,844
Directors loan account 2,258 60,000
Taxation and social security costs 92,808 88,928
Other creditors 35,165 65,401
197,812 230,173
6 Other information
DR J A RICHARDS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5 Sandes Avenue
Kendal
Cumbria
LA9 4LL
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