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REGISTERED NUMBER: 11897599 (England and Wales)
















Unaudited Financial Statements for the Year Ended 28 September 2024

for

Rich Display Ltd

Rich Display Ltd (Registered number: 11897599)






Contents of the Financial Statements
for the Year Ended 28 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rich Display Ltd

Company Information
for the Year Ended 28 September 2024







DIRECTORS: R J Tooke
Ms M J Dekker





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 11897599 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Rich Display Ltd (Registered number: 11897599)

Balance Sheet
28 September 2024

28.9.24 28.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,113 113,317

CURRENT ASSETS
Debtors 5 67,681 117,279
Cash at bank 151,374 114,299
219,055 231,578
CREDITORS
Amounts falling due within one year 6 104,736 97,098
NET CURRENT ASSETS 114,319 134,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,432

247,797

CREDITORS
Amounts falling due after more than one
year

7

(4,834

)

(11,097

)

PROVISIONS FOR LIABILITIES (24,528 ) (28,329 )
NET ASSETS 183,070 208,371

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 182,970 208,271
SHAREHOLDERS' FUNDS 183,070 208,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 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.

Rich Display Ltd (Registered number: 11897599)

Balance Sheet - continued
28 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





R J Tooke - Director


Rich Display Ltd (Registered number: 11897599)

Notes to the Financial Statements
for the Year Ended 28 September 2024

1. STATUTORY INFORMATION

Rich Display 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Rich Display Ltd (Registered number: 11897599)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 September 2023 45,688 723 69,750 10,024 126,185
Additions 9,250 3,920 - 1,230 14,400
At 28 September 2024 54,938 4,643 69,750 11,254 140,585
DEPRECIATION
At 29 September 2023 2,717 326 4,300 5,525 12,868
Charge for year 9,666 859 16,362 2,717 29,604
At 28 September 2024 12,383 1,185 20,662 8,242 42,472
NET BOOK VALUE
At 28 September 2024 42,555 3,458 49,088 3,012 98,113
At 28 September 2023 42,971 397 65,450 4,499 113,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.24 28.9.23
£    £   
Trade debtors 60,797 99,475
Other debtors 2,852 2,852
VAT - 10,839
Prepayments and accrued income 4,032 4,113
67,681 117,279

Rich Display Ltd (Registered number: 11897599)

Notes to the Financial Statements - continued
for the Year Ended 28 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.24 28.9.23
£    £   
Bank loans and overdrafts 6,167 5,911
Trade creditors 63,326 51,553
Tax 14,833 20,934
VAT 454 -
Directors' loan accounts 16,211 12,795
Accrued expenses 3,745 5,905
104,736 97,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.9.24 28.9.23
£    £   
Bank loans - 2-5 years 4,834 11,097

8. SECURED DEBTS

The following secured debts are included within creditors:

28.9.24 28.9.23
£    £   
Bounce Back Loan 11,000 17,008

During the year ended 28/09/20, the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year period. The loan is repayable by instalments beginning 23/08/21. Interest is then charged at 2.5% per annum from the first repayment date.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.9.24 28.9.23
value: £    £   
100 Ordinary 1 100 100