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Registered number: 03538654
Riko UK Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Ashdown Price Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03538654
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,552 65,305
Tangible Assets 5 349,614 346,339
424,166 411,644
CURRENT ASSETS
Stocks 157,125 227,327
Debtors 48,614 50,396
Cash at bank and in hand 101,434 50,537
307,173 328,260
Creditors: Amounts Falling Due Within One Year 6 (105,847 ) (99,913 )
NET CURRENT ASSETS (LIABILITIES) 201,326 228,347
TOTAL ASSETS LESS CURRENT LIABILITIES 625,492 639,991
Creditors: Amounts Falling Due After More Than One Year 7 (21,087 ) (25,884 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (877 ) (974 )
NET ASSETS 603,528 613,133
CAPITAL AND RESERVES
Called up share capital 8 12,410 12,410
Revaluation reserve 161,441 161,441
Profit and Loss Account 429,677 439,282
SHAREHOLDERS' FUNDS 603,528 613,133
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Stephen Cabrol
Director
18/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Riko UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03538654 . The registered office is Inverallen Yard, Main Road, Kingsley, Bordon, Hampshire, GU35 9LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
No depreciation has been charged on the freehold property, as it is being continually improved and in the opinion of the director its value is in excess of its cost.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 June 2024 65,305
Additions 9,247
As at 31 May 2025 74,552
Net Book Value
As at 31 May 2025 74,552
As at 1 June 2024 65,305
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 June 2024 344,841 67,332 412,173
Additions 2,808 3,000 5,808
As at 31 May 2025 347,649 70,332 417,981
Depreciation
As at 1 June 2024 6,384 59,450 65,834
Provided during the period - 2,533 2,533
As at 31 May 2025 6,384 61,983 68,367
Net Book Value
As at 31 May 2025 341,265 8,349 349,614
As at 1 June 2024 338,457 7,882 346,339
The freehold property was revalued in 2008, increasing its value by £161,441 above its historical cost.
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 20,578 7,947
Bank loans and overdrafts 4,800 4,639
Other creditors 62,335 77,999
Taxation and social security 18,134 9,328
105,847 99,913
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 21,087 25,884
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 12,410 12,410
Page 5