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REGISTERED NUMBER: 13766566 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

Richell Vehicle Conversions Limited

Richell Vehicle Conversions Limited (Registered number: 13766566)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Richell Vehicle Conversions Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: N C Richell
Mrs L A Richell





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 13766566 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Richell Vehicle Conversions Limited (Registered number: 13766566)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £ £ £
FIXED ASSETS
Tangible assets 4 22,626 3,846

CURRENT ASSETS
Stocks 27,369 37,584
Debtors 5 42,702 323,929
Cash at bank and in hand 193,375 5,648
263,446 367,161
CREDITORS
Amounts falling due within one year 6 215,920 445,776
NET CURRENT ASSETS/(LIABILITIES) 47,526 (78,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,152

(74,769

)

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(49,834

)

PROVISIONS FOR LIABILITIES (5,657 ) -
NET ASSETS/(LIABILITIES) 57,828 (124,603 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,728 (124,703 )
57,828 (124,603 )

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

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

Richell Vehicle Conversions Limited (Registered number: 13766566)

Balance Sheet - continued
31st March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:





N C Richell - Director


Richell Vehicle Conversions Limited (Registered number: 13766566)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Richell Vehicle Conversions 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.
Plant and machinery etc - 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 Income Statement, 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.

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 14 (2024 - 9 ) .

Richell Vehicle Conversions Limited (Registered number: 13766566)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2024 5,128
Additions 26,566
At 31st March 2025 31,694
DEPRECIATION
At 1st April 2024 1,282
Charge for year 7,786
At 31st March 2025 9,068
NET BOOK VALUE
At 31st March 2025 22,626
At 31st March 2024 3,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade debtors 41,544 322,929
Other debtors 1,158 1,000
42,702 323,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Other loan 40,000 40,000
Trade creditors 85,386 138,693
Tax 12,161 -
Social security and other taxes 9,608 7,776
VAT 52,833 42,318
Other creditors 3,376 10,686
Directors' current accounts 3,183 25,581
Accruals and deferred income 9,373 180,722
215,920 445,776

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£ £
Other loans - 1-2 years 6,667 46,667
Directors' loan accounts - 3,167
6,667 49,834

Richell Vehicle Conversions Limited (Registered number: 13766566)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£ £
Within one year 6,755 -
Between one and five years 444 -
7,199 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£ £
Other loan 46,667 86,667
Loan from directors - 7,917
46,667 94,584

The other loan is secured by way of a first charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

In the previous year, the company borrowed £100,000 from Digital Sports Group Ltd, a company controlled by one of the shareholders. Interest is charged at 1% per annum. At the year-end, £46,667 (2024: £86,667) of this loan was still outstanding.

In the previous year, the directors provided the company with an interest-free loan of £9,500, repayable over 30 months. At the year-end, £NIL (2024: £7,917) was still outstanding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Richell Vehicle Conversions 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 Richell Vehicle Conversions Limited for the year ended 31st March 2025 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Richell Vehicle Conversions 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 Richell Vehicle Conversions Limited and state those matters that we have agreed to state to the Board of Directors of Richell Vehicle Conversions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richell Vehicle Conversions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richell Vehicle Conversions 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 Richell Vehicle Conversions Limited. You consider that Richell Vehicle Conversions 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 Richell Vehicle Conversions 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


23rd May 2025