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REGISTERED NUMBER: 05458377 (England and Wales)







Financial Statements for the Year Ended 30th September 2024

for

The Richards Sandy Partnership Limited

The Richards Sandy Partnership Limited (Registered number: 05458377)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Richards Sandy Partnership Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: R I Richards FCA CTA FCCA
Mrs A Davies FCCA
A Croad FCCA
D Jackson FCCA
Mrs M J Godwin ACA ACCA





SECRETARY: Mrs H R Richards





REGISTERED OFFICE: Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU





REGISTERED NUMBER: 05458377 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

The Richards Sandy Partnership Limited (Registered number: 05458377)

Abridged Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 556,534 556,534
Tangible assets 5 62,344 62,776
Investments 6 1 1
618,879 619,311

CURRENT ASSETS
Stocks 150,549 163,710
Debtors 561,195 432,678
Cash at bank and in hand 45,974 87,813
757,718 684,201
CREDITORS
Amounts falling due within one year 388,841 334,830
NET CURRENT ASSETS 368,877 349,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

987,756

968,682

CREDITORS
Amounts falling due after more than one
year

(35,052

)

(40,569

)

PROVISIONS FOR LIABILITIES (11,368 ) (13,127 )
NET ASSETS 941,336 914,986

CAPITAL AND RESERVES
Called up share capital 115 131
Capital redemption reserve 16 -
Retained earnings 941,205 914,855
SHAREHOLDERS' FUNDS 941,336 914,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

The Richards Sandy Partnership Limited (Registered number: 05458377)

Abridged Balance Sheet - continued
30th September 2024


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 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2025 and were signed on its behalf by:




Mrs A Davies FCCA - Director



R I Richards FCA CTA FCCA - Director


The Richards Sandy Partnership Limited (Registered number: 05458377)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

The Richards Sandy Partnership Limited 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.

GOODWILL
Goodwill is included in the accounts at cost less amortisation provided in earlier years. There is no amortisation charged in the year as the Directors' believe that the actual value of goodwill is greatly in excess of the amount stated.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Office equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

WORK IN PROGRESS
Work in progress is included in the accounts at the lower of cost and net realisable value.

Cost is calculated based on chargeable staff hours, this method includes salary costs, along with all other costs associated directly with work undertaken.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Richards Sandy Partnership Limited (Registered number: 05458377)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued

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 28 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 556,534
NET BOOK VALUE

At 30th September 2024 556,534
At 30th September 2023 556,534

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023 172,193
Additions 19,393
At 30th September 2024 191,586
DEPRECIATION
At 1st October 2023 109,417
Charge for year 19,825
At 30th September 2024 129,242
NET BOOK VALUE
At 30th September 2024 62,344
At 30th September 2023 62,776

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st October 2023
and 30th September 2024 1
NET BOOK VALUE
At 30th September 2024 1
At 30th September 2023 1