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Company Registration No. 12967783 (England and Wales)
Richard Cotton Financial Services Limited Unaudited accounts for the year ended 28 February 2025
Richard Cotton Financial Services Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,821 
1,572 
Current assets
Cash at bank and in hand
69,396 
81,977 
Creditors: amounts falling due within one year
(17,025)
(22,413)
Net current assets
52,371 
59,564 
Total assets less current liabilities
84,192 
61,136 
Creditors: amounts falling due after more than one year
(23,701)
- 
Net assets
60,491 
61,136 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
60,481 
61,126 
Shareholders' funds
60,491 
61,136 
For the year ending 28 February 2025 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 3 April 2025 and were signed on its behalf by
R Cotton Director Company Registration No. 12967783
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Richard Cotton Financial Services Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Richard Cotton Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 12967783. The registered office is C/O Lelliott & Co, Heath Place, Ash Grove, Bognor Regis, West Sussex, PO22 9SL, United Kingdom.
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.
3
Accounting policies
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% SLM
Motor vehicles
25% SLM
Computer equipment
25% SLM
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
- 
1,209 
1,186 
2,395 
Additions
39,356 
- 
1,359 
40,715 
At 28 February 2025
39,356 
1,209 
2,545 
43,110 
Depreciation
At 1 March 2024
- 
302 
521 
823 
Charge for the year
9,839 
302 
325 
10,466 
At 28 February 2025
9,839 
604 
846 
11,289 
Net book value
At 28 February 2025
29,517 
605 
1,699 
31,821 
At 29 February 2024
- 
907 
665 
1,572 
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Richard Cotton Financial Services Limited Notes to the Accounts for the year ended 28 February 2025
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,738 
- 
Taxes and social security
12,242 
22,062 
Loans from directors
45 
351 
17,025 
22,413 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
23,701 
- 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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