Company Registration No. 03481927 (England and Wales)
Rich Rewards Limited
Unaudited accounts
for the year ended 31 May 2025
Rich Rewards Limited
Unaudited accounts
Contents
Rich Rewards Limited
Statement of financial position
as at 31 May 2025
Tangible assets
306,776
310,800
Cash at bank and in hand
70,535
52,648
Creditors: amounts falling due within one year
(219,418)
(211,246)
Net current liabilities
(125,923)
(125,310)
Total assets less current liabilities
180,853
185,490
Creditors: amounts falling due after more than one year
(12,500)
(10,833)
Net assets
168,353
174,657
Called up share capital
204
204
Profit and loss account
168,149
174,453
Shareholders' funds
168,353
174,657
For the year ending 31 May 2025 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 her 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
A Clarke
Director
Company Registration No. 03481927
Rich Rewards Limited
Notes to the Accounts
for the year ended 31 May 2025
Rich Rewards Limited is a private company, limited by shares, registered in England and Wales, registration number 03481927. The registered office is The Bell Inn, Bruton Road, Evercreech, Shepton Mallet, Somerset, BA4 6HY, England.
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.
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.
The accounts have been prepared under the historical cost convention..
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. In the opinion of the directors no depreciation of freehold buildings is required, as the fabric of the buildings will be maintained to a high standard and as a result the useful life of the building will not be impaired.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
10-25% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Rich Rewards Limited
Notes to the Accounts
for the year ended 31 May 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
285,217
21,745
44,593
1,914
353,469
Disposals
-
-
(3,900)
-
(3,900)
At 31 May 2025
285,217
21,745
40,693
1,914
349,569
At 1 June 2024
-
12,222
29,037
1,410
42,669
Charge for the year
-
-
3,858
166
4,024
On disposals
-
-
(3,900)
-
(3,900)
At 31 May 2025
-
12,222
28,995
1,576
42,793
At 31 May 2025
285,217
9,523
11,698
338
306,776
At 31 May 2024
285,217
9,523
15,556
504
310,800
Amounts falling due within one year
Accrued income and prepayments
13,509
24,278
Rich Rewards Limited
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
10,000
Trade creditors
3,305
2,183
Amounts owed to group undertakings and other participating interests
159,906
138,245
Taxes and social security
17,744
24,986
8
Creditors: amounts falling due after more than one year
2025
2024
The company's parent undertaking is D.S.A. Holdings Limited, 2 Bailey Hill, Castle Cary, Somerset BA7 7AD.
10
Average number of employees
During the year the average number of employees was 14 (2024: 14).