Company Registration No. 10689744 (England and Wales)
Richard Roberts Ltd
Unaudited accounts
for the year ended 31 December 2024
Richard Roberts Ltd
Unaudited accounts
Contents
Richard Roberts Ltd
Company Information
for the year ended 31 December 2024
Directors
James Baker
Ian Preston
Hugh Douglas-Roberts
Harry Dee
Company Number
10689744 (England and Wales)
Registered Office
Bowcliffe Hall
Suite 2
Bowcliffe Grange
Bramham
LS23 6LP
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Richard Roberts Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
1,147
2,131
Tangible assets
4,541
2,380
Inventories
1,119,108
1,028,714
Cash at bank and in hand
711
53
Creditors: amounts falling due within one year
(686,071)
(792,722)
Net current assets
590,630
420,401
Total assets less current liabilities
596,518
424,962
Creditors: amounts falling due after more than one year
(524,674)
(300,604)
Called up share capital
999
999
Profit and loss account
70,845
123,359
Shareholders' funds
71,844
124,358
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 directors acknowledge their 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 of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Harry Dee
Director
Company Registration No. 10689744
Richard Roberts Ltd
Notes to the Accounts
for the year ended 31 December 2024
Richard Roberts Ltd is a private company, limited by shares, registered in England and Wales, registration number 10689744. The registered office is Bowcliffe Hall, Suite 2, Bowcliffe Grange, Bramham, LS23 6LP, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Richard Roberts Ltd
Notes to the Accounts
for the year ended 31 December 2024
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Richard Roberts Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
50
Valuation at 31 December 2024
200
Details of the company's investments at 31 December 2024:
Newton Roberts Limited - 50% ordinary shares held in this joint venture
Richard Roberts (SPV1) Limited - 50% ordinary shares held in this joint venture
Richard Roberts (SPV2) Limited - 100% ordinary shares in this subsidiary, which was dormant as at 31/12/2024
Amounts falling due within one year
Amounts due from group undertakings etc.
95,224
51,077
Accrued income and prepayments
60,661
23,759
Richard Roberts Ltd
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
132,760
137,036
Trade creditors
217,690
265,952
Amounts owed to group undertakings and other participating interests
256,293
266,923
Taxes and social security
7,707
44,528
Loans from directors
6,440
25,390
Included in bank loans and overdrafts is a bank loan of £96551 (2023 - £90550) secured by a fixed and floating charge over all of the assets of the company.
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
184,053
280,604
Amounts owed to group undertakings and other participating interests
50
-
Other creditors
340,571
20,000
Included in bank loans and overdrafts is a bank loan of £184,053 (2023 - £280,604) secured by a fixed and floating charge over all of the assets of the company.
Included in other creditors is a loan from AKSP Limited for £220,571. This is due and repayable by February 2026. Interest is accruing, on a compound basis, at 1% pcm. The directors have provided a personal guarantee for this loan, and it is secured by 1st charge on a property owned by James Baker (Prospect Farm House, YO23 3PD).
10
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
43,290
72,150
11
Average number of employees
During the year the average number of employees was 8 (2023: 9).