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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
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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
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RICHMOND ENTERPRISES (2013) LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,122 
55,488 
Current assets
Inventories
11,697 
2,546 
Debtors
5,521 
10,434 
Cash at bank and in hand
3,820 
2,948 
21,038 
15,928 
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)
Capital and reserves
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
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RICHMOND ENTERPRISES (2013) LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Going concern
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,329 
9,086 
Deferred tax asset
1,032 
1,348 
Accrued income and prepayments
160 
- 
5,521 
10,434 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,400 
4,400 
VAT
2,002 
1,024 
Trade creditors
3,436 
6,890 
9,838 
12,314 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,308 
7,707 
Loans from directors
174,186 
172,838 
177,494 
180,545 
8
Share capital
2024 
2023 
£ 
£ 
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).
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