Company Registration No. 08546775 (England and Wales)
RICHMOND ENTERPRISES (2013) LTD
Unaudited accounts
for the year ended 30 September 2024
RICHMOND ENTERPRISES (2013) LTD
Unaudited accounts
Contents
RICHMOND ENTERPRISES (2013) LTD
Company Information
for the year ended 30 September 2024
Directors
MR S F BISHOP
MRS S BISHOP
Company Number
08546775 (England and Wales)
Registered Office
GLEBE FARM
FALDINGWORTH
MARKET RASEN
LINCOLNSHIRE
LN8 3SD
RICHMOND ENTERPRISES (2013) LTD
Statement of financial position
as at 30 September 2024
Tangible assets
49,122
55,488
Cash at bank and in hand
3,820
2,948
Creditors: amounts falling due within one year
(9,838)
(12,314)
Net current assets
11,200
3,614
Total assets less current liabilities
60,322
59,102
Creditors: amounts falling due after more than one year
(177,494)
(180,545)
Net liabilities
(117,172)
(121,443)
Called up share capital
100
100
Profit and loss account
(117,272)
(121,543)
Shareholders' funds
(117,172)
(121,443)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
MRS S BISHOP
Director
Company Registration No. 08546775
RICHMOND ENTERPRISES (2013) LTD
Notes to the Accounts
for the year ended 30 September 2024
RICHMOND ENTERPRISES (2013) LTD is a private company, limited by shares, registered in England and Wales, registration number 08546775. The registered office is GLEBE FARM, FALDINGWORTH, MARKET RASEN, LINCOLNSHIRE, LN8 3SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At the year end the company's current liabilities exceeded its current assets by £117,172 with the loan from director's being owed £174,186. This is an interest free loan with no repayment date. The director's believe the going concern basis is appropriate due to their continued support.
RICHMOND ENTERPRISES (2013) LTD
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
15,514
113,959
3,917
6,480
5,996
145,866
At 30 September 2024
15,514
113,959
3,917
6,480
5,996
145,866
At 1 October 2023
1,063
78,871
408
4,649
5,387
90,378
Charge for the year
178
5,263
408
275
242
6,366
At 30 September 2024
1,241
84,134
816
4,924
5,629
96,744
At 30 September 2024
14,273
29,825
3,101
1,556
367
49,122
At 30 September 2023
14,451
35,088
3,509
1,831
609
55,488
Amounts falling due within one year
Deferred tax asset
1,032
1,348
Accrued income and prepayments
160
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,400
4,400
Trade creditors
3,436
6,890
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
174,186
172,838
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).