1 April 2024 v2025.32.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP143891352024-04-012025-03-31143891352025-03-31143891352024-03-3114389135core:WithinOneYear2025-03-3114389135core:WithinOneYear2024-03-3114389135core:AfterOneYear2025-03-3114389135core:AfterOneYear2024-03-3114389135core:ShareCapital2025-03-3114389135core:ShareCapital2024-03-3114389135core:RetainedEarningsAccumulatedLosses2025-03-3114389135core:RetainedEarningsAccumulatedLosses2024-03-3114389135bus:Director12024-04-012025-03-3114389135bus:RegisteredOffice2024-04-012025-03-31143891352022-09-302024-03-311438913512024-04-012025-03-3114389135countries:EnglandWales2024-04-012025-03-3114389135bus:AuditExemptWithAccountantsReport2024-04-012025-03-3114389135bus:PrivateLimitedCompanyLtd2024-04-012025-03-3114389135bus:SmallEntities2024-04-012025-03-3114389135bus:AbridgedAccounts2024-04-012025-03-31
Company registration number:
14389135
Richardson Global Enterprises Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2025
Richardson Global Enterprises Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Richardson Global Enterprises Ltd
Year ended
31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
abridged financial statements
of
Richardson Global Enterprises Ltd
for the year ended
31 March 2025
which comprise the abridged income statement, abridged statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
Richardson Global Enterprises Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
abridged financial statements
of
Richardson Global Enterprises Ltd
and state those matters that I have agreed to state to the Board of Directors of
Richardson Global Enterprises Ltd
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Richardson Global Enterprises Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Richardson Global Enterprises Ltd
has kept adequate accounting records and to prepare statutory
abridged financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Richardson Global Enterprises Ltd
. You consider that
Richardson Global Enterprises Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the abridged financial statements of Richardson Global Enterprises Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory abridged financial statements.
Academy Financial Management Services Ltd
5 Long Stratton Road
Forncett St Peter
Norwich
NR16 1AJ
United Kingdom
Date:
2 June 2025
Richardson Global Enterprises Ltd
Abridged Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
326,760
 
326,760
 
Current assets    
Debtors
(4,239
)
1,313
 
Cash at bank and in hand
8,595
 
5,123
 
4,356
 
6,436
 
Creditors: amounts falling due within one year
(5,952
)
(6,345
)
Net current (liabilities)/assets
(1,596
)
91
 
Total assets less current liabilities 325,164   326,851  
Creditors: amounts falling due after more than one year
(341,079
)
(342,531
)
Net liabilities
(15,915
)
(15,680
)
Capital and reserves    
Called up share capital
(150
)
(150
)
Profit and loss account
(15,765
)
(15,530
)
Shareholders deficit
(15,915
)
(15,680
)
For the year ending
31 March 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 abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 March 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
2 June 2025
, and are signed on behalf of the board by:
Mrs Sophie Richardson
Director
Company registration number:
14389135
Richardson Global Enterprises Ltd
Notes to the Abridged Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
5b Orchard Close
,
Forncett St Peter
,
Norwich
,
Norfolk
,
NR16 1HS
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The directors, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

5 Fixed assets

Tangible assets
£
Cost  
At
1 April 2024
and
31 March 2025
326,760
 
Depreciation  
At
1 April 2024
and
31 March 2025
-  
Carrying amount  
At
31 March 2025
326,760
 
At 31 March 2024
326,760
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
2024
Tangible assets
£
Aggregate historical cost 326,770  
Carrying amount 326,770