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Unaudited Financial Statements

for the Year Ended 31 January 2025

for

N.j. Richens Electrical Limited

N.j. Richens Electrical Limited (Registered number: 07153764)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


N.j. Richens Electrical Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: N J Richens





REGISTERED OFFICE: 19 Trowers Way
Redhill
RH1 2LH





REGISTERED NUMBER: 07153764 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

N.j. Richens Electrical Limited (Registered number: 07153764)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,101 9,394

CURRENT ASSETS
Stocks 3,525 26,074
Debtors 5 180,693 94,937
Cash at bank 185,674 126,917
369,892 247,928
CREDITORS
Amounts falling due within one year 6 317,788 233,251
NET CURRENT ASSETS 52,104 14,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,205

24,071

PROVISIONS FOR LIABILITIES 4,025 2,349
NET ASSETS 64,180 21,722

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 64,179 21,721
SHAREHOLDERS' FUNDS 64,180 21,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 20 March 2025 and were signed by:





N J Richens - Director


N.j. Richens Electrical Limited (Registered number: 07153764)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

N.j. Richens Electrical 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.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Motor vehicles - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

N.j. Richens Electrical Limited (Registered number: 07153764)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 566 43,051 12,095 55,712
Additions 9,150 - - 9,150
At 31 January 2025 9,716 43,051 12,095 64,862
DEPRECIATION
At 1 February 2024 566 35,701 10,051 46,318
Charge for year - 1,800 643 2,443
At 31 January 2025 566 37,501 10,694 48,761
NET BOOK VALUE
At 31 January 2025 9,150 5,550 1,401 16,101
At 31 January 2024 - 7,350 2,044 9,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 163,967 67,763
Amounts owed by group undertakings 2,098 -
Other debtors 9 22,335
VAT 12,822 490
Prepayments 1,797 4,349
180,693 94,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 125,657 86,728
Amounts owed to group undertakings - 81,250
Tax 22,570 14,116
Social security and other taxes 8,328 3,998
Other creditors 67,622 29,380
Directors' current accounts 62,858 -
Accrued expenses 30,753 17,779
317,788 233,251

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

NJR Holdings Limited, a company formed in England & Wales, is the holding company.

The company considers N J Richens, by virtue of his ownership of NJR Holdings Limited,to be the controlling party.