IRIS Accounts Production v24.3.2.46 07301123 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 Ordinary A 0.50000 Ordinary B 0.50000 Ordinary C 0.50000 Ordinary A 0.50000 Ordinary B 0.50000 Ordinary C 0.50000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073011232023-07-31073011232024-07-31073011232023-08-012024-07-31073011232022-07-31073011232022-08-012023-07-31073011232023-07-3107301123ns15:EnglandWales2023-08-012024-07-3107301123ns14:PoundSterling2023-08-012024-07-3107301123ns10:Director12023-08-012024-07-3107301123ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3107301123ns10:SmallEntities2023-08-012024-07-3107301123ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3107301123ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107301123ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107301123ns10:FullAccounts2023-08-012024-07-3107301123ns10:OrdinaryShareClass12023-08-012024-07-3107301123ns10:OrdinaryShareClass32023-08-012024-07-3107301123ns10:OrdinaryShareClass42023-08-012024-07-3107301123ns10:OrdinaryShareClass52023-08-012024-07-3107301123ns10:Director22023-08-012024-07-3107301123ns10:RegisteredOffice2023-08-012024-07-3107301123ns5:CurrentFinancialInstruments2024-07-3107301123ns5:CurrentFinancialInstruments2023-07-3107301123ns5:ShareCapital2024-07-3107301123ns5:ShareCapital2023-07-3107301123ns5:RetainedEarningsAccumulatedLosses2024-07-3107301123ns5:RetainedEarningsAccumulatedLosses2023-07-3107301123ns5:LongLeaseholdAssetsns5:LandBuildings2023-08-012024-07-3107301123ns5:PlantMachinery2023-08-012024-07-3107301123ns5:FurnitureFittings2023-08-012024-07-3107301123ns5:MotorVehicles2023-08-012024-07-3107301123ns5:ComputerEquipment2023-08-012024-07-3107301123ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-3107301123ns5:PlantMachinery2023-07-3107301123ns5:FurnitureFittings2023-07-3107301123ns5:LongLeaseholdAssetsns5:LandBuildings2024-07-3107301123ns5:PlantMachinery2024-07-3107301123ns5:FurnitureFittings2024-07-3107301123ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-3107301123ns5:PlantMachinery2023-07-3107301123ns5:FurnitureFittings2023-07-3107301123ns5:MotorVehicles2023-07-3107301123ns5:ComputerEquipment2023-07-3107301123ns5:MotorVehicles2024-07-3107301123ns5:ComputerEquipment2024-07-3107301123ns5:MotorVehicles2023-07-3107301123ns5:ComputerEquipment2023-07-3107301123ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3107301123ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107301123ns10:OrdinaryShareClass32024-07-3107301123ns10:OrdinaryShareClass42024-07-3107301123ns10:OrdinaryShareClass52024-07-31
REGISTERED NUMBER: 07301123 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Richard & Richard'S Design and
Installation Specialists Limited

Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Richard & Richard'S Design and
Installation Specialists Limited

Company Information
for the Year Ended 31 July 2024







Directors: Mr R D Watson
Mr R J Williamson





Registered office: Unit B1 Shopping Village
Pear Mill Industrial Estate
Stockport Road West
Stockport
Cheshire
SK6 2BP





Registered number: 07301123 (England and Wales)





Accountants: Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Richard & Richard'S Design and
Installation Specialists Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richard & Richard'S Design and Installation Specialists Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Richard & Richard'S Design and Installation Specialists Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richard & Richard'S Design and Installation Specialists Limited and state those matters that we have agreed to state to the Board of Directors of Richard & Richard'S Design and Installation Specialists Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richard & Richard'S Design and Installation Specialists Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richard & Richard'S Design and Installation Specialists Limited. You consider that Richard & Richard'S Design and Installation Specialists Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richard & Richard'S Design and Installation Specialists Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Allen Mills Howard & Co
Chartered Certified Accountants
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND


2 April 2025

Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 99,054 91,323

Current assets
Stocks 20,000 20,000
Debtors 5 75,886 64,151
Cash at bank and in hand 178,528 252,903
274,414 337,054
Creditors
Amounts falling due within one year 6 116,610 154,600
Net current assets 157,804 182,454
Total assets less current liabilities 256,858 273,777

Provisions for liabilities 20,912 17,189
Net assets 235,946 256,588

Capital and reserves
Called up share capital 7 100 100
Retained earnings 235,846 256,488
Shareholders' funds 235,946 256,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





Mr R J Williamson - Director


Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

Richard & Richard'S Design and Installation Specialists 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Display Stock - 25% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.


Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. Accounting policies - continued
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 10 (2023 - 10 ) .

4. Tangible fixed assets
Fixtures
Display Plant and and
Stock machinery fittings
£    £    £   
Cost
At 1 August 2023 74,680 21,747 5,069
Additions 14,707 2,501 1,568
Disposals - - -
At 31 July 2024 89,387 24,248 6,637
Depreciation
At 1 August 2023 55,989 12,598 4,537
Charge for year 9,205 1,748 673
Eliminated on disposal - - -
At 31 July 2024 65,194 14,346 5,210
Net book value
At 31 July 2024 24,193 9,902 1,427
At 31 July 2023 18,691 9,149 532

Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 August 2023 159,704 30,154 291,354
Additions 30,229 2,673 51,678
Disposals (60,666 ) - (60,666 )
At 31 July 2024 129,267 32,827 282,366
Depreciation
At 1 August 2023 101,718 25,189 200,031
Charge for year 19,687 3,170 34,483
Eliminated on disposal (51,202 ) - (51,202 )
At 31 July 2024 70,203 28,359 183,312
Net book value
At 31 July 2024 59,064 4,468 99,054
At 31 July 2023 57,986 4,965 91,323

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 16,111 16,223
Other debtors 59,775 47,928
75,886 64,151

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 41,755 28,517
Taxation and social security 47,373 89,722
Other creditors 27,482 36,361
116,610 154,600

Richard & Richard'S Design and
Installation Specialists Limited (Registered number: 07301123)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
80 Ordinary A 50p 40 -
80 Ordinary B 50p 40 -
20 Ordinary C 50p 10 -
20 Ordinary D 50p 10 -
100 100

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
80 Share capital 3 50p 40 -
80 Share capital 4 50p 40 -
20 Share capital 5 50p 10 -
20 Share capital 6 50p 10 -
100 -