REGISTERED NUMBER: 02683441 (England and Wales)

Financial Statements

for the Year Ended 5 April 2025

for

W. Austen Richardson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr G J Richardson

Mrs C B Richardson

Secretary:

Mrs C B Richardson

Registered office:

Hutton Fields

Hutton Magna

Richmond

North Yorkshire

DL11 7HG

Registered number:

02683441 (England and Wales)

Accountants:

Ashby Berry Coulsons Ltd

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Fixed assets

Tangible assets

4

3,055,908

3,051,649

Current assets

Stocks

651,070

498,985

Debtors

5

107,103

68,419

Cash at bank

46,366

328,149

804,539

895,553

Creditors

Amounts falling due within one year

6

756,974

810,434

Net current assets

47,565

85,119

Total assets less current liabilities

3,103,473

3,136,768

Creditors

Amounts falling due after more than one year

7

(373,788

)

(346,358

)

Provisions for liabilities

(168,957

)

(168,957

)

Net assets

2,560,728

2,621,453

Capital and reserves

Called up share capital

9

584,257

584,257

Retained earnings

1,976,471

2,037,196

Shareholders' funds

2,560,728

2,621,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 15 December 2025 and were signed on its behalf by:

Mr G J Richardson - Director

1.	Statutory information

W. Austen Richardson 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.

Freehold property

-

over ten, twenty five or fifty years

Improvements to property

-

over ten, twenty five or fifty years

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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 items.

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.

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 6 (2024 - 6 ) .

4.	Tangible fixed assets

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

At 6 April 2024

3,035,770

189,738

1,685,875

Additions

-

79,930

62,500

Disposals

-

-

(18,750

)

At 5 April 2025

3,035,770

269,668

1,729,625

Depreciation

At 6 April 2024

824,200

35,028

1,015,065

Charge for year

18,519

4,743

145,875

Eliminated on disposal

-

-

(14,818

)

At 5 April 2025

842,719

39,771

1,146,122

Net book value

At 5 April 2025

2,193,051

229,897

583,503

At 5 April 2024

2,211,570

154,710

670,810

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 6 April 2024

43,767

13,000

942

4,969,092

Additions

-

50,619

-

193,049

Disposals

-

-

-

(18,750

)

At 5 April 2025

43,767

63,619

942

5,143,391

Depreciation

At 6 April 2024

32,293

9,915

942

1,917,443

Charge for year

2,295

13,426

-

184,858

Eliminated on disposal

-

-

-

(14,818

)

At 5 April 2025

34,588

23,341

942

2,087,483

Net book value

At 5 April 2025

9,179

40,278

-

3,055,908

At 5 April 2024

11,474

3,085

-

3,051,649

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

50,715

11,917

Other debtors

56,388

56,502

107,103

68,419

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

5,500

40,000

Hire purchase contracts

16,667

70,000

Trade creditors

110,583

111,692

Taxation and social security

13,980

39,563

Other creditors

610,244

549,179

756,974

810,434

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

373,788

346,358

Amounts falling due in more than five years:

Repayable by instalments

Bank loan - over 5 years

345,288

300,285

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

379,288

386,358

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

584,282

Ordinary

£1

584,257

584,257