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REGISTERED NUMBER: 05688431 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

RICHARDSON & PEAT LIMITED

RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RICHARDSON & PEAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: Mrs J M Peat
S R Richardson
M J Peat
J Boyne





SECRETARY: Mrs J M Peat





REGISTERED OFFICE: 9a High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 05688431 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9a High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)

STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,117 23,881

CURRENT ASSETS
Debtors 5 451,927 590,607
Cash at bank - 27,571
451,927 618,178
CREDITORS
Amounts falling due within one year 6 380,056 474,152
NET CURRENT ASSETS 71,871 144,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,988

167,907

CREDITORS
Amounts falling due after more than one year 7 (13,087 ) (27,956 )

PROVISIONS FOR LIABILITIES (3,383 ) (4,537 )
NET ASSETS 73,518 135,414

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,418 135,314
SHAREHOLDERS' FUNDS 73,518 135,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

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

RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)

STATEMENT OF FINANCIAL POSITION - continued
31ST OCTOBER 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 27th May 2025 and were signed on its behalf by:





Mrs J M Peat - Director


RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Richardson & Peat 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.

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 - 33% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Revenue recognition
Revenue from contracts is regcognised by reference to the stage of completion of the contract activity at the balance sheet date.

Profit attributable to contract activity is recognised if the final outcome of such contracts can be reliably assessed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 11,535 1,445 35,880 9,291 58,151
Additions - - - 312 312
At 31st October 2024 11,535 1,445 35,880 9,603 58,463
DEPRECIATION
At 1st November 2023 11,248 1,372 13,455 8,195 34,270
Charge for year 94 15 5,606 361 6,076
At 31st October 2024 11,342 1,387 19,061 8,556 40,346
NET BOOK VALUE
At 31st October 2024 193 58 16,819 1,047 18,117
At 31st October 2023 287 73 22,425 1,096 23,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,748 182,222
Amounts recoverable on contract 367,220 367,220
Other debtors 1,959 41,165
451,927 590,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 81,677 23,262
Trade creditors 208,276 327,854
Taxation and social security 32,668 28,717
Other creditors 57,435 94,319
380,056 474,152

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,087 27,956

RICHARDSON & PEAT LIMITED (REGISTERED NUMBER: 05688431)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 60,510 -
Bank loans 34,254 51,218
94,764 51,218

A debenture in favour of National Westminster Bank plc was created on 24th February 2009 to secure all liabilities to the said bank.