REGISTERED NUMBER: 08150471 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Ian Rice Building Limited

Page

Company Information

1

Report of the Accountant

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

I J Rice

SECRETARY:

Mrs L A Rice

REGISTERED OFFICE:

3 Perth

Little Australia

Stonehouse

Gloucestershire

GL10 2PT

REGISTERED NUMBER:

08150471 (England and Wales)

ACCOUNTANT:

James Bishop

Accounting Services

Suite E

The Old Dutch Barn

Westend Office Suites

Stonehouse

Gloucestershire

GL10 3GE

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

James Bishop

Accounting Services

Suite E

The Old Dutch Barn

Westend Office Suites

Stonehouse

Gloucestershire

GL10 3GE

15 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,318

20,015

12,318

20,015

CURRENT ASSETS

Stocks

-

8,323

Debtors

6

33,823

39,038

Cash at bank

4,704

-

38,527

47,361

CREDITORS

Amounts falling due within one year

7

24,479

33,547

NET CURRENT ASSETS

14,048

13,814

TOTAL ASSETS LESS CURRENT LIABILITIES

26,366

33,829

CREDITORS

Amounts falling due after more than one year

8

(23,918

)

(29,923

)

PROVISIONS FOR LIABILITIES

(2,340

)

(3,802

)

NET ASSETS

108

104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

4

108

104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 September 2025 and were signed by:

I J Rice - Director

1.	STATUTORY INFORMATION

Ian Rice Building 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 15 per cent reducing balance

Motor vehicles - 25 per cent reducing balance

Computer equipment - 33 per cent on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year 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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

20,000

AMORTISATION

At 1 January 2024

and 31 December 2024

20,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

34,627

Additions

14,567

Disposals

(27,000

)

At 31 December 2024

22,194

DEPRECIATION

At 1 January 2024

14,612

Charge for year

4,076

Eliminated on disposal

(8,812

)

At 31 December 2024

9,876

NET BOOK VALUE

At 31 December 2024

12,318

At 31 December 2023

20,015

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

33,823

39,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

14,667

Trade creditors

251

2,494

Taxation and social security

8,584

1,287

Other creditors

10,088

15,099

24,479

33,547

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

23,918

29,923

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,695

7,700