IRIS Accounts Production v25.1.4.42 03964168 Board of Directors Board of Directors 28.4.23 26.4.24 26.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039641682023-04-27039641682024-04-26039641682023-04-282024-04-26039641682022-04-27039641682022-04-282023-04-27039641682023-04-2703964168ns15:EnglandWales2023-04-282024-04-2603964168ns14:PoundSterling2023-04-282024-04-2603964168ns10:Director12023-04-282024-04-2603964168ns10:Director22023-04-282024-04-2603964168ns10:PrivateLimitedCompanyLtd2023-04-282024-04-2603964168ns10:SmallEntities2023-04-282024-04-2603964168ns10:AuditExempt-NoAccountantsReport2023-04-282024-04-2603964168ns10:SmallCompaniesRegimeForDirectorsReport2023-04-282024-04-2603964168ns10:SmallCompaniesRegimeForAccounts2023-04-282024-04-2603964168ns10:FullAccounts2023-04-282024-04-2603964168ns10:RegisteredOffice2023-04-282024-04-2603964168ns5:CurrentFinancialInstruments2024-04-2603964168ns5:CurrentFinancialInstruments2023-04-2703964168ns5:ShareCapital2024-04-2603964168ns5:ShareCapital2023-04-2703964168ns5:RetainedEarningsAccumulatedLosses2024-04-2603964168ns5:RetainedEarningsAccumulatedLosses2023-04-2703964168ns5:PlantMachinery2023-04-282024-04-2603964168ns5:FurnitureFittings2023-04-282024-04-2603964168ns5:PlantMachinery2023-04-2703964168ns5:FurnitureFittings2023-04-2703964168ns5:PlantMachinery2024-04-2603964168ns5:FurnitureFittings2024-04-2603964168ns5:PlantMachinery2023-04-2703964168ns5:FurnitureFittings2023-04-2703964168ns5:CostValuationns5:ListedExchangeTraded2023-04-2703964168ns5:ListedExchangeTradedns5:DisposalsRepaymentsInvestments2024-04-2603964168ns5:CostValuationns5:ListedExchangeTraded2024-04-2603964168ns5:ListedExchangeTraded2024-04-2603964168ns5:ListedExchangeTraded2023-04-2703964168ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-2603964168ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-2703964168ns10:OrdinaryShareClass12023-04-282024-04-2603964168ns10:OrdinaryShareClass22023-04-282024-04-2603964168ns10:OrdinaryShareClass32023-04-282024-04-26039641681ns10:Director12023-04-27039641681ns10:Director12022-04-27039641681ns10:Director12023-04-282024-04-26039641681ns10:Director12022-04-282023-04-27039641681ns10:Director12024-04-26039641681ns10:Director12023-04-2703964168ns10:Director222023-04-2703964168ns10:Director222022-04-2703964168ns10:Director222023-04-282024-04-2603964168ns10:Director222022-04-282023-04-2703964168ns10:Director222024-04-2603964168ns10:Director222023-04-27
REGISTERED NUMBER: 03964168 (England and Wales)






Rich-Kar Limited

Financial Statements

for the Period 28 April 2023 to 26 April 2024






Rich-Kar Limited (Registered number: 03964168)

Contents of the Financial Statements
for the Period 28 April 2023 to 26 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rich-Kar Limited

Company Information
for the Period 28 April 2023 to 26 April 2024







DIRECTORS: Mr K J Mitchell
Mr R J Mitchell





REGISTERED OFFICE: Quarry Garage
Halifax Road
Dewsbury
West Yorkshire
WF13 4BD





REGISTERED NUMBER: 03964168 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Accountants & Business Advisors
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Rich-Kar Limited (Registered number: 03964168)

Balance Sheet
26 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,638 9,089
Investments 5 - 4,661
5,638 13,750

CURRENT ASSETS
Stocks 628,179 820,575
Debtors 6 297,967 258,934
Cash at bank and in hand 168,967 78,246
1,095,113 1,157,755
CREDITORS
Amounts falling due within one year 7 326,527 224,301
NET CURRENT ASSETS 768,586 933,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,224

947,204

Rich-Kar Limited (Registered number: 03964168)

Balance Sheet - continued
26 April 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 774,124 947,104
SHAREHOLDERS' FUNDS 774,224 947,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 April 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:




Mr R J Mitchell - Director



Mr K J Mitchell - Director


Rich-Kar Limited (Registered number: 03964168)

Notes to the Financial Statements
for the Period 28 April 2023 to 26 April 2024


1. STATUTORY INFORMATION

Rich-Kar 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance

Fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities ae offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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.


Rich-Kar Limited (Registered number: 03964168)

Notes to the Financial Statements - continued
for the Period 28 April 2023 to 26 April 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 period 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.

Pooled investment vehicles
All investments are initially recorded at cost with consideration taken for any income received or costs incurred during the period. In accordance with the provisions of FRS 102 the investments are included in the statement of financial position at their market value.

Investment income
Dividend income is recognised when the right to receive payment is established.

The change in market value of investments during the year comprises all increases and decreases in the market value of investments held at any time during the year, including profits and losses realised on sales of investments during the year.

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 period was 8 (2023 - 10 ) .

Rich-Kar Limited (Registered number: 03964168)

Notes to the Financial Statements - continued
for the Period 28 April 2023 to 26 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 28 April 2023 46,259 8,049 54,308
Additions 242 - 242
At 26 April 2024 46,501 8,049 54,550
DEPRECIATION
At 28 April 2023 39,671 5,548 45,219
Charge for period 3,069 624 3,693
At 26 April 2024 42,740 6,172 48,912
NET BOOK VALUE
At 26 April 2024 3,761 1,877 5,638
At 27 April 2023 6,588 2,501 9,089

5. FIXED ASSET INVESTMENTS
Pooled
Investment
Vehicles
£   
COST
At 28 April 2023 4,661
Disposals (4,661 )
At 26 April 2024 -
NET BOOK VALUE
At 26 April 2024 -
At 27 April 2023 4,661


Rich-Kar Limited (Registered number: 03964168)

Notes to the Financial Statements - continued
for the Period 28 April 2023 to 26 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,195 11,824
Other debtors 231,998 240,792
Directors' current accounts 56,174 -
Deferred tax asset - 218
Prepayments and accrued income 7,600 6,100
297,967 258,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,771 35,432
Amounts owed to related undertakings 247,242 134,242
Tax 18,959 -
Social security and other taxes 1,022 1,304
Pension control account 119 114
VAT 10,448 24,231
Directors' current accounts 4,287 24,480
Accruals and deferred income 11,679 4,498
326,527 224,301

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal 2024 2023
Number: Class: value: £    £   
100 Ordinary £1 - -
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

On 14 February 2023 a special resolution was passed which reclassified the 100 Ordinary shares as 50 A Ordinary shares and 50 B Ordinary shares.

Rich-Kar Limited (Registered number: 03964168)

Notes to the Financial Statements - continued
for the Period 28 April 2023 to 26 April 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 26 April 2024 and the year ended 27 April 2023:

2024 2023
£    £   
Mr R J Mitchell
Balance outstanding at start of period - -
Amounts advanced 79,774 -
Amounts repaid (23,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 56,174 -

Mr K J Mitchell
Balance outstanding at start of period - -
Amounts advanced 15,712 -
Amounts repaid (15,712 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

10. RELATED PARTY DISCLOSURES

During the year the company rented a property from Kar-Rich Limited, a company under common control. Total rents received in relation to the year to 27 April 2024 were £Nil (2023: £Nil).