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Registration number: 02876387

Richmond Joiners and Builders Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Richmond Joiners and Builders Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Richmond Joiners and Builders Limited

Company Information

Directors

Mr Peter Dowd

Mr Michael John Heap

Company secretary

Mr Peter Dowd

Registered office

Unit 15 Forge Industrial Estate
Greenacres Road
Oldham
OL4 1LE

Accountants

Hill Eckersley & Co 1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ

 

Richmond Joiners and Builders Limited

(Registration number: 02876387)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

260,277

313,070

Current assets

 

Stocks

5

186,932

118,623

Debtors

6

398,166

622,811

Investments

7

-

1,541

Cash at bank and in hand

 

366,524

274,893

 

951,622

1,017,868

Creditors: Amounts falling due within one year

8

(332,559)

(325,333)

Net current assets

 

619,063

692,535

Total assets less current liabilities

 

879,340

1,005,605

Provisions for liabilities

(113,071)

(91,821)

Net assets

 

766,269

913,784

Capital and reserves

 

Called up share capital

100

100

Retained earnings

766,169

913,684

Shareholders' funds

 

766,269

913,784

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 

 

Richmond Joiners and Builders Limited

(Registration number: 02876387)
Balance Sheet as at 28 February 2025

.........................................
Mr Michael John Heap
Director

 

Richmond Joiners and Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 15 Forge Industrial Estate
Greenacres Road
Oldham
OL4 1LE

These financial statements were authorised for issue by the Board on 28 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Richmond Joiners and Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Fixtures and fittings

25% straight line

Motor vehicles

20% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Richmond Joiners and Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 32).

 

Richmond Joiners and Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 March 2024

33,242

509,125

67,234

609,601

Additions

1,251

37,495

-

38,746

Disposals

-

(59,041)

-

(59,041)

At 28 February 2025

34,493

487,579

67,234

589,306

Depreciation

At 1 March 2024

30,871

198,426

67,234

296,531

Charge for the year

1,601

64,564

-

66,165

Eliminated on disposal

-

(33,667)

-

(33,667)

At 28 February 2025

32,472

229,323

67,234

329,029

Carrying amount

At 28 February 2025

2,021

258,256

-

260,277

At 29 February 2024

2,371

310,699

-

313,070

5

Stocks

2025
£

2024
£

Other inventories

186,932

118,623

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

289,292

435,784

Amounts owed by related parties

-

183,837

Prepayments

 

50,307

-

Other debtors

 

58,567

3,190

   

398,166

622,811

 

Richmond Joiners and Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Current asset investments

2025
£

2024
£

Shares in group undertakings

-

1,541

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

185,194

129,918

Taxation and social security

117,830

172,967

Accruals and deferred income

6,900

5,250

Other creditors

22,635

17,198

332,559

325,333