Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr J Kitto 01/08/2023 Mr J J Kitto 13/07/2023 Mrs G F Richards 21/03/1997 28 March 2025 The principal activity of the company in the year was farming. 00545417 2024-06-30 00545417 bus:Director1 2024-06-30 00545417 bus:Director2 2024-06-30 00545417 bus:Director3 2024-06-30 00545417 2023-06-30 00545417 core:CurrentFinancialInstruments 2024-06-30 00545417 core:CurrentFinancialInstruments 2023-06-30 00545417 core:Non-currentFinancialInstruments 2024-06-30 00545417 core:Non-currentFinancialInstruments 2023-06-30 00545417 core:ShareCapital 2024-06-30 00545417 core:ShareCapital 2023-06-30 00545417 core:SharePremium 2024-06-30 00545417 core:SharePremium 2023-06-30 00545417 core:RevaluationReserve 2024-06-30 00545417 core:RevaluationReserve 2023-06-30 00545417 core:CapitalRedemptionReserve 2024-06-30 00545417 core:CapitalRedemptionReserve 2023-06-30 00545417 core:RetainedEarningsAccumulatedLosses 2024-06-30 00545417 core:RetainedEarningsAccumulatedLosses 2023-06-30 00545417 core:LandBuildings 2023-06-30 00545417 core:PlantMachinery 2023-06-30 00545417 core:LandBuildings 2024-06-30 00545417 core:PlantMachinery 2024-06-30 00545417 bus:OrdinaryShareClass1 2024-06-30 00545417 2023-07-01 2024-06-30 00545417 bus:FilletedAccounts 2023-07-01 2024-06-30 00545417 bus:SmallEntities 2023-07-01 2024-06-30 00545417 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00545417 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00545417 bus:Director1 2023-07-01 2024-06-30 00545417 bus:Director2 2023-07-01 2024-06-30 00545417 bus:Director3 2023-07-01 2024-06-30 00545417 core:PlantMachinery 2023-07-01 2024-06-30 00545417 2022-07-01 2023-06-30 00545417 core:LandBuildings 2023-07-01 2024-06-30 00545417 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 00545417 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00545417 (England and Wales)

W R RICHARDS AND SONS LIMITED

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

W R RICHARDS AND SONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

W R RICHARDS AND SONS LIMITED

BALANCE SHEET

As at 30 June 2024
W R RICHARDS AND SONS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 281,240 281,271
Investments 3,310 3,310
284,550 284,581
Current assets
Debtors
- due within one year 4 162,348 182,351
- due after more than one year 4 0 105,825
Cash at bank and in hand 5 459,517 278,482
621,865 566,658
Creditors: amounts falling due within one year 6 ( 64,078) ( 61,564)
Net current assets 557,787 505,094
Total assets less current liabilities 842,337 789,675
Net assets 842,337 789,675
Capital and reserves
Called-up share capital 7 5,000 5,000
Share premium account 7,000 7,000
Revaluation reserve 124,571 124,571
Capital redemption reserve 5,000 5,000
Profit and loss account 700,766 648,104
Total shareholder's funds 842,337 789,675

For the financial year ending 30 June 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 W R Richards and Sons Limited (registered number: 00545417) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Mr J Kitto
Director
W R RICHARDS AND SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
W R RICHARDS AND SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

W R Richards and Sons Limited (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 Killivose, St Allen, Truro, TR4 9DG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.

Revenue from services is recognised as they are delivered.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Land and buildings not depreciated
Plant and machinery 20 % reducing balance
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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 July 2023 281,118 15,650 296,768
At 30 June 2024 281,118 15,650 296,768
Accumulated depreciation
At 01 July 2023 0 15,497 15,497
Charge for the financial year 0 31 31
At 30 June 2024 0 15,528 15,528
Net book value
At 30 June 2024 281,118 122 281,240
At 30 June 2023 281,118 153 281,271

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 34,657 88,629
Corporation tax 105,825 0
Other debtors 21,866 93,722
162,348 182,351
Debtors: amounts falling due after more than one year
Corporation tax 0 105,825

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 459,517 278,482

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 8,302 9,668
Taxation and social security 25,032 11,136
Other creditors 30,744 40,760
64,078 61,564

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5,000 Ordinary shares of £ 1.00 each 5,000 5,000

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director loan 20,401 91,978

During the year the Director repaid funds owed to the company totalling £90,000. Withdrawals from the company of £18,423 were made. Interest was charged on overdrawn balances through the year.