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REGISTERED NUMBER: 10661706 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Rich Consultancy Limited

Rich Consultancy Limited (Registered number: 10661706)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rich Consultancy Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: E A Rich
Mrs N C Rich





REGISTERED OFFICE: 91 Alwoodley Lane
Leeds
LS17 7PN





REGISTERED NUMBER: 10661706 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Rich Consultancy Limited (Registered number: 10661706)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,505 12,758
Tangible assets 5 40,278 49,970
48,783 62,728

CURRENT ASSETS
Debtors 6 19,211 21,008
Cash at bank 72,242 42,280
91,453 63,288
CREDITORS
Amounts falling due within one year 7 91,104 59,053
NET CURRENT ASSETS 349 4,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,132

66,963

CREDITORS
Amounts falling due after more than one year 8 (37,799 ) (50,609 )

PROVISIONS FOR LIABILITIES (10,070 ) (12,493 )
NET ASSETS 1,263 3,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,163 3,761
SHAREHOLDERS' FUNDS 1,263 3,861

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

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

Rich Consultancy Limited (Registered number: 10661706)

Balance Sheet - continued
31 March 2025


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 19 June 2025 and were signed on its behalf by:





E A Rich - Director


Rich Consultancy Limited (Registered number: 10661706)

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

1. STATUTORY INFORMATION

Rich Consultancy 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 comprises the value of sales of services provided in the normal course of business. Revenue is recognised when the services have been completed.

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.

Franchise costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

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 Consultancy Limited (Registered number: 10661706)

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 42,525
AMORTISATION
At 1 April 2024 29,767
Charge for year 4,253
At 31 March 2025 34,020
NET BOOK VALUE
At 31 March 2025 8,505
At 31 March 2024 12,758

Rich Consultancy Limited (Registered number: 10661706)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 870 6,118 82,000 6,439 95,427
Additions - - - 4,429 4,429
At 31 March 2025 870 6,118 82,000 10,868 99,856
DEPRECIATION
At 1 April 2024 313 3,683 35,875 5,586 45,457
Charge for year 112 487 11,531 1,991 14,121
At 31 March 2025 425 4,170 47,406 7,577 59,578
NET BOOK VALUE
At 31 March 2025 445 1,948 34,594 3,291 40,278
At 31 March 2024 557 2,435 46,125 853 49,970

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 82,000
DEPRECIATION
At 1 April 2024 35,875
Charge for year 11,531
At 31 March 2025 47,406
NET BOOK VALUE
At 31 March 2025 34,594
At 31 March 2024 46,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 15,750 17,724
Other debtors 3,461 3,284
19,211 21,008

Rich Consultancy Limited (Registered number: 10661706)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 12,810 13,458
Trade creditors 4,167 5,691
Taxation and social security 38,816 23,248
Other creditors 35,311 16,656
91,104 59,053

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 37,799 50,609

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25 31.3.24
£    £   
E A Rich and Mrs N C Rich
Balance outstanding at start of year - (27,162 )
Amounts advanced - 41,329
Amounts repaid - (14,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -