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REGISTERED NUMBER: 05317418 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Richmond CNC Engineering (Devon) Ltd

Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Richmond CNC Engineering (Devon) Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr G J Rich
Mrs L M Rich





SECRETARY: Mrs L M Rich





REGISTERED OFFICE: 69 High Street
Bideford
Devon
EX39 2AT





REGISTERED NUMBER: 05317418 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT

Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Abridged Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 8,000
Tangible assets 6 31,351 53,252
31,351 61,252

CURRENT ASSETS
Stocks 78,272 75,327
Debtors 99,407 114,346
Cash at bank and in hand 175,880 40,287
353,559 229,960
CREDITORS
Amounts falling due within one year 143,399 100,081
NET CURRENT ASSETS 210,160 129,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,511

191,131

PROVISIONS FOR LIABILITIES 6,759 9,118
NET ASSETS 234,752 182,013

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 234,750 182,011
SHAREHOLDERS' FUNDS 234,752 182,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Abridged Balance Sheet - continued
31 January 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 June 2025 and were signed on its behalf by:




Mr G J Rich - Director



Mrs L M Rich - Director


Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Richmond CNC Engineering (Devon) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There will be no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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

Goodwill
Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 20 years.

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 - Straight line over 5 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.


Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. ACCOUNTING POLICIES - continued
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.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024
and 31 January 2025 160,000
AMORTISATION
At 1 February 2024 152,000
Amortisation for year 8,000
At 31 January 2025 160,000
NET BOOK VALUE

At 31 January 2025 -
At 31 January 2024 8,000

Richmond CNC Engineering (Devon) Ltd (Registered number: 05317418)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 808,308
Additions 1,505
At 31 January 2025 809,813
DEPRECIATION
At 1 February 2024 755,056
Charge for year 23,406
At 31 January 2025 778,462
NET BOOK VALUE
At 31 January 2025 31,351
At 31 January 2024 53,252


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr G J Rich and Mrs L M Rich
Balance outstanding at start of year - -
Amounts advanced 526 -
Amounts repaid (234 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292 -

The maximum overdrawn balance during the year was £526.

The loan was interest free and had no fixed date for repayment.