| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| Rickards Construction Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| Rickards Construction Ltd |
| Rickards Construction Ltd (Registered number: 03737310) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Rickards Construction Ltd |
| Company Information |
| for the Year Ended 31 August 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 48 Hucclecote Road |
| Gloucester |
| Gloucestershire |
| GL3 3RS |
| BANKERS: |
| 19 Eastgate Street |
| Gloucester |
| Gloucestershire |
| GL1 1NU |
| Rickards Construction Ltd (Registered number: 03737310) |
| Statement of Financial Position |
| 31 August 2024 |
| 31/8/24 | 31/8/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Rickards Construction Ltd (Registered number: 03737310) |
| Statement of Financial Position - continued |
| 31 August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Rickards Construction Ltd (Registered number: 03737310) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Rickards Construction Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| 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. |
| 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 statement of financial position date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| Rickards Construction Ltd (Registered number: 03737310) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| Cost |
| At 1 September 2023 |
| Additions |
| At 31 August 2024 |
| Depreciation |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 31 August 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Bank loans |
| Rickards Construction Ltd (Registered number: 03737310) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 125,310 | 133,165 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/8/24 | 31/8/23 |
| £ | £ |
| Bank loans |
| The bank loans are secured by a legal mortgage in the banks standard form over various freehold properties owned and held in stock at the year end and also by an unlimited debenture in the banks standard form over the remaining assets of the company. |
| 9. | RELATED PARTY DISCLOSURES |
| Rickards Holdings Ltd |
| The company's parent company |
| Included in other creditors is a loan from Rickards Holdings Ltd of £352 as at 31 August 2024. Included in other debtors as at 31 August 2023 is a loan to Rickards Holdings Ltd of £523,595 . The loans are interest free with no fixed repayment terms. |
| Boardwalk Developments Ltd |
| A company controlled by the director M Rickards |
| Included in other creditors is a loan from Boardwalk Developments Ltd of £8,743 (2023 - £8,596). The loan is interest free with no fixed repayment terms. |
| Chadbourne Properties Ltd |
| A company controlled by the directors M Rickards and Mrs J Rickards |
| Included in other debtors is a loan to Chadbourne Properties Ltd of £623 (2023 - £91,623). The loan is interest free with no fixed repayment terms. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The company is controlled by Rickards Holdings Ltd, a company controlled by the directors M Rickards and Mrs J Rickards. Rickards Holdings Ltd, which shares the same registered office as Rickards Construction Ltd, has taken the option under Section 399(2A) of the Companies Act 2006 not to prepare consolidated financial statements. |