IRIS Accounts Production v25.1.3.33 03737310 Board of Directors 1.9.23 31.8.24 31.8.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037373102023-08-31037373102024-08-31037373102023-09-012024-08-31037373102022-08-31037373102022-09-012023-08-31037373102023-08-3103737310ns15:EnglandWales2023-09-012024-08-3103737310ns14:PoundSterling2023-09-012024-08-3103737310ns10:Director12023-09-012024-08-3103737310ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103737310ns10:SmallEntities2023-09-012024-08-3103737310ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103737310ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103737310ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103737310ns10:FullAccounts2023-09-012024-08-3103737310ns10:Director22023-09-012024-08-3103737310ns10:RegisteredOffice2023-09-012024-08-3103737310ns5:CurrentFinancialInstruments2024-08-3103737310ns5:CurrentFinancialInstruments2023-08-3103737310ns5:Non-currentFinancialInstruments2024-08-3103737310ns5:Non-currentFinancialInstruments2023-08-3103737310ns5:ShareCapital2024-08-3103737310ns5:ShareCapital2023-08-3103737310ns5:RetainedEarningsAccumulatedLosses2024-08-3103737310ns5:RetainedEarningsAccumulatedLosses2023-08-3103737310ns5:PlantMachinery2023-09-012024-08-3103737310ns5:PlantMachinery2023-08-3103737310ns5:PlantMachinery2024-08-3103737310ns5:PlantMachinery2023-08-3103737310ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103737310ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3103737310ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3103737310ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3103737310ns5:Secured2024-08-3103737310ns5:Secured2023-08-31
REGISTERED NUMBER: 03737310 (England and Wales)















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: M Rickards
Mrs J Rickards



REGISTERED OFFICE: Hillsboro
Brockworth Road
Churchdown
Gloucester
Gloucestershire
GL3 2NH



REGISTERED NUMBER: 03737310 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
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 1,027 1,094

CURRENT ASSETS
Stocks 564,669 563,138
Debtors 5 4,451 619,046
Cash at bank and in hand 1,078,928 964,947
1,648,048 2,147,131
CREDITORS
Amounts falling due within one year 6 92,012 105,633
NET CURRENT ASSETS 1,556,036 2,041,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557,063

2,042,592

CREDITORS
Amounts falling due after more than one
year

7

351,135

364,509
NET ASSETS 1,205,928 1,678,083

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,205,926 1,678,081
SHAREHOLDERS' FUNDS 1,205,928 1,678,083

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

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

Rickards Construction Ltd (Registered number: 03737310)

Statement of Financial Position - continued
31 August 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 by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





M Rickards - Director


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 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.

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.

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 - 25% on reducing balance

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 7,937
Additions 275
At 31 August 2024 8,212
Depreciation
At 1 September 2023 6,843
Charge for year 342
At 31 August 2024 7,185
Net book value
At 31 August 2024 1,027
At 31 August 2023 1,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Amounts owed by group undertakings - 523,595
Other debtors 4,451 95,451
4,451 619,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 15,444 15,320
Trade creditors 15,001 19,278
Amounts owed to group undertakings 352 -
Taxation and social security 38,750 47,884
Other creditors 22,465 23,151
92,012 105,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 351,135 364,509

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 177,588 177,581

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 366,579 379,829

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 Rickards Holdings Ltd.

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.