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REGISTERED NUMBER: 00441702 (England and Wales)











RICHARD GENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 409,633 436,414
Investments 5 1,000 1,000
410,633 437,414

CURRENT ASSETS
Stocks 43,480 55,823
Debtors 6 211,792 207,929
Prepayments and accrued income 5,189 6,495
Cash at bank and in hand 1,279 104,529
261,740 374,776
CREDITORS
Amounts falling due within one year 7 306,408 279,459
NET CURRENT (LIABILITIES)/ASSETS (44,668 ) 95,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

365,965

532,731

CREDITORS
Amounts falling due after more than one
year

8

(96,213

)

(176,960

)

PROVISIONS FOR LIABILITIES (28,186 ) (35,478 )

ACCRUALS AND DEFERRED INCOME (24,872 ) (32,515 )
NET ASSETS 216,694 287,778

CAPITAL AND RESERVES
Called up share capital 10 7,800 7,800
Retained earnings 208,894 279,978
SHAREHOLDERS' FUNDS 216,694 287,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 GENT LIMITED (REGISTERED NUMBER: 00441702)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:




T C Nowlan - Director



Mrs K J Gascoyne - Director


RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Richard Gent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00441702

Registered office: 81-87 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4PP

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 represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on cost, 10% and 20% on cost and 10% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2023 - 21 ) .

RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 292,658 2,280,710 2,573,368
Additions - 23,719 23,719
Disposals - (30,123 ) (30,123 )
At 30 November 2024 292,658 2,274,306 2,566,964
DEPRECIATION
At 1 December 2023 180,514 1,956,440 2,136,954
Charge for year 2,930 47,570 50,500
Eliminated on disposal - (30,123 ) (30,123 )
At 30 November 2024 183,444 1,973,887 2,157,331
NET BOOK VALUE
At 30 November 2024 109,214 300,419 409,633
At 30 November 2023 112,144 324,270 436,414

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 448,742
Additions 20,995
Transfer to ownership (197,384 )
At 30 November 2024 272,353
DEPRECIATION
At 1 December 2023 184,368
Charge for year 25,605
Transfer to ownership (127,589 )
At 30 November 2024 82,384
NET BOOK VALUE
At 30 November 2024 189,969
At 30 November 2023 264,374

RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023
and 30 November 2024 1,000
NET BOOK VALUE
At 30 November 2024 1,000
At 30 November 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 211,792 207,929

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 124,506 55,556
Hire purchase contracts 56,277 71,494
Trade creditors 82,316 126,410
Taxation and social security 40,913 23,513
Other creditors 2,396 2,486
306,408 279,459

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,259 48,148
Hire purchase contracts 86,954 128,812
96,213 176,960

RICHARD GENT LIMITED (REGISTERED NUMBER: 00441702)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 85,617 -
Bank loans 48,148 103,704
Hire purchase contracts 143,231 200,306
276,996 304,010

The security held are fixed and floating charges over all property and assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,800 Ordinary £1.00 7,800 7,800

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amounted to £1,811,700 (2023 - £1,839,150).

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Glazier Limited, incorporated in England and Wales. Glazier Limited's registered office is 3 Weekley Wood Close, Kettering, Northamptonshire, NN14 1UQ.