REGISTERED NUMBER: 03736171 (England and Wales)

Financial Statements

for the Year Ended 31st March 2025

for

R.J. Rich & Son Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs PD Rich

Mr RJ Rich

Mr SJ Rich

SECRETARY:

Mrs PD Rich

REGISTERED OFFICE:

Stella Maris

Alston Lane, Alston

Longridge

Preston

Lancashire

PR3 3BN

REGISTERED NUMBER:

03736171 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Tangible assets

4

2,224,629

2,207,046

CURRENT ASSETS

Stocks

110,000

122,000

Debtors

5

813,097

684,586

Cash at bank and in hand

390,067

937,232

1,313,164

1,743,818

CREDITORS

Amounts falling due within one year

6

702,915

842,524

NET CURRENT ASSETS

610,249

901,294

TOTAL ASSETS LESS CURRENT LIABILITIES

2,834,878

3,108,340

CREDITORS

Amounts falling due after more than one year

7

(91,312

)

(57,322

)

PROVISIONS FOR LIABILITIES

(538,185

)

(518,339

)

NET ASSETS

2,205,381

2,532,679

CAPITAL AND RESERVES

Called up share capital

100

100

Capital contribution to an EOT

9

(2,219,417

)

(1,741,596

)

Retained earnings

9

4,424,698

4,274,175

SHAREHOLDERS' FUNDS

2,205,381

2,532,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27th November 2025 and were signed on its behalf by:

Mr SJ Rich - Director

Mrs PD Rich - Director

1.	STATUTORY INFORMATION

R.J. Rich & Son 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on cost, 20% on reducing balance and 12% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

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 entity after deducting all of its financial liabilities.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Trailers

property

machinery

vehicles

and tanks

Totals

£

£

£

£

£

COST

At 1st April 2024

94,177

101,114

2,852,287

1,980,375

5,027,953

Additions

-

4,973

504,476

1,500

510,949

Disposals

-

-

(209,447

)

(1,500

)

(210,947

)

At 31st March 2025

94,177

106,087

3,147,316

1,980,375

5,327,955

DEPRECIATION

At 1st April 2024

30,062

84,135

1,629,601

1,077,109

2,820,907

Charge for year

9,631

8,905

318,650

108,393

445,579

Eliminated on disposal

-

-

(163,160

)

-

(163,160

)

At 31st March 2025

39,693

93,040

1,785,091

1,185,502

3,103,326

NET BOOK VALUE

At 31st March 2025

54,484

13,047

1,362,225

794,873

2,224,629

At 31st March 2024

64,115

16,979

1,222,686

903,266

2,207,046

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2024

and 31st March 2025

101,495

DEPRECIATION

At 1st April 2024

and 31st March 2025

1,692

NET BOOK VALUE

At 31st March 2025

99,803

At 31st March 2024

99,803

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

755,737

644,176

Other debtors

57,360

40,410

813,097

684,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

157,258

172,579

Trade creditors

263,600

297,033

Taxation and social security

149,706

278,448

Other creditors

132,351

94,464

702,915

842,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

91,312

57,322

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

248,570

229,901

9.

RESERVES

Capital

Retained

contribution

earnings

to an EOT

Totals

£

£

£

At 1st April 2024

4,274,175

(1,741,596

)

2,532,579

Profit for the year

150,523

150,523

Capital contribution

-

(477,821

)

(477,821

)

At 31st March 2025

4,424,698

(2,219,417

)

2,205,281

10.	OTHER FINANCIAL COMMITMENTS

The company has outstanding commitments in respect of operating leases as at 31 March 2025 of £248,570 (2024: £229,901)

11.	RELATED PARTY DISCLOSURES

As at 31 March 2025 the company owed £3,600 to its directors (2024 £0).

The ultimate controlling party is Rich Haulage Trustees Limited, an employee ownership trust. £477,821 was paid to the Trust in the current year. This is a total so far of £2,219,417 out of a total amount due of £4,271,250.