REGISTERED NUMBER: 05154433 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEIN RICHARDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Nissen

Mrs R G Hyams

SECRETARY:

R Nissen

REGISTERED OFFICE:

10 London Mews

Paddington

LONDON

W2 1HY

REGISTERED NUMBER:

05154433 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Intangible assets

4

1

20,000

Tangible assets

5

60,258

83,134

60,259

103,134

CURRENT ASSETS

Stocks

148,445

148,042

Debtors

6

347,849

3,289,727

Prepayments and accrued income

21,518

20,318

Cash at bank

333,231

3,515,225

851,043

6,973,312

CREDITORS

Amounts falling due within one year

7

498,980

421,880

NET CURRENT ASSETS

352,063

6,551,432

TOTAL ASSETS LESS CURRENT LIABILITIES

412,322

6,654,566

CREDITORS

Amounts falling due after more than one year

8

34,352

43,588

NET ASSETS

377,970

6,610,978

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

377,968

6,610,976

SHAREHOLDERS' FUNDS

377,970

6,610,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 16 December 2025 and were signed on its behalf by:

R Nissen - Director

Mrs R G Hyams - Director

1.	STATUTORY INFORMATION

Stein Richards 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 represents the value of services invoiced , excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33.33% straight line

Stocks

Work in progress is valued at the full invoice value of work significantly completed at the year end, net of value added tax.

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.

Pension costs and other post-retirement benefits

Contributions payable to the directors personal pension schemes are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,600,000

AMORTISATION

At 1 April 2024

1,580,000

Amortisation for year

19,999

At 31 March 2025

1,599,999

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

20,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

47,793

57,325

17,118

122,236

DEPRECIATION

At 1 April 2024

26,214

-

12,888

39,102

Charge for year

4,316

14,331

4,229

22,876

At 31 March 2025

30,530

14,331

17,117

61,978

NET BOOK VALUE

At 31 March 2025

17,263

42,994

1

60,258

At 31 March 2024

21,579

57,325

4,230

83,134

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

335,759

465,519

Other debtors

12,090

2,824,208

347,849

3,289,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

9,237

9,237

Taxation and social security

388,582

361,617

Other creditors

101,161

51,026

498,980

421,880

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

34,352

43,588

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R Nissen

Balance outstanding at start of year

523,543

443,548

Amounts advanced

-

79,995

Amounts repaid

(523,543

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

523,543

Mrs R G Hyams

Balance outstanding at start of year

504,244

338,049

Amounts advanced

-

166,195

Amounts repaid

(504,244

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

504,244

10.	ULTIMATE CONTROLLING PARTY