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Company Registration No. 06770004 (England and Wales)
RICOEurope Ltd Unaudited accounts for the year ended 31 December 2024
RICOEurope Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
RICOEurope Ltd Company Information for the year ended 31 December 2024
Director
Christopher Harvey-Rico
Company Number
06770004 (England and Wales)
Registered Office
Unit 1-2 Badby Park Heartlands Business Park Daventry Northants NN11 8YT
Accountants
McTernan Associates Ltd Bedford Heights Brickhill Drive Bedford Bedfordshire MK41 7PH
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RICOEurope Ltd Accountants' report
Accountants' report to the director of RICOEurope Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RICOEurope Ltd for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RICOEurope Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of RICOEurope Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RICOEurope Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RICOEurope Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of RICOEurope Ltd. You consider that RICOEurope Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RICOEurope Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
McTernan Associates Ltd Bedford Heights Brickhill Drive Bedford Bedfordshire MK41 7PH 3 September 2025
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RICOEurope Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
386,411 
338,860 
Tangible assets
5
44,432 
64,206 
430,843 
403,066 
Current assets
Inventories
333,273 
319,193 
Debtors
6
55,090 
86,144 
Cash at bank and in hand
41,310 
12,468 
429,673 
417,805 
Creditors: amounts falling due within one year
7
(47,128)
(166,158)
Net current assets
382,545 
251,647 
Total assets less current liabilities
813,388 
654,713 
Creditors: amounts falling due after more than one year
8
(305,510)
(150,529)
Net assets
507,878 
504,184 
Capital and reserves
Called up share capital
9
1,000 
1,000 
Profit and loss account
506,878 
503,184 
Shareholders' funds
507,878 
504,184 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2025 and were signed on its behalf by
Christopher Harvey-Rico Director Company Registration No. 06770004
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RICOEurope Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
RICOEurope Ltd is a private company, limited by shares, registered in England and Wales, registration number 06770004. The registered office is Unit 1-2 Badby Park, Heartlands Business Park, Daventry, Northants, NN11 8YT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Fixtures & fittings
18%
Computer equipment
33.3%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
338,860 
Additions
47,551 
At 31 December 2024
386,411 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
386,411 
At 31 December 2023
338,860 
The intangible fixed assets are not considered to be eligible for amortisation at this time.
- 6 -
RICOEurope Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
89,317 
2,504 
26,941 
118,762 
Additions
1,870 
- 
86 
1,956 
At 31 December 2024
91,187 
2,504 
27,027 
120,718 
Depreciation
At 1 January 2024
41,146 
1,353 
12,057 
54,556 
Charge for the year
16,414 
451 
4,865 
21,730 
At 31 December 2024
57,560 
1,804 
16,922 
76,286 
Net book value
At 31 December 2024
33,627 
700 
10,105 
44,432 
At 31 December 2023
48,171 
1,151 
14,884 
64,206 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,090 
23,993 
Other debtors
- 
62,151 
55,090 
86,144 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,619 
19,754 
Trade creditors
12,887 
62,020 
Taxes and social security
16,639 
66,689 
Loans from directors
2,983 
17,695 
47,128 
166,158 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
305,510 
150,529 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 7 -