| Richard Aczel Ltd |
| Registered number: |
05385981 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
528,702 |
|
|
566,765 |
|
| Current assets |
| Debtors |
4 |
|
3,025,100 |
|
|
3,154,540 |
| Cash at bank and in hand |
|
|
182,912 |
|
|
1,155,257 |
|
|
|
3,208,012 |
|
|
4,309,797 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,158,620) |
|
|
(1,146,056) |
|
| Net current assets |
|
|
|
2,049,392 |
|
|
3,163,741 |
|
| Total assets less current liabilities |
|
|
|
2,578,094 |
|
|
3,730,506 |
|
|
| Provisions for liabilities |
|
|
|
(16,987) |
|
|
(22,892) |
|
|
| Net assets |
|
|
|
2,561,107 |
|
|
3,707,614 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
2,561,007 |
|
|
3,707,514 |
|
| Shareholders' funds |
|
|
|
2,561,107 |
|
|
3,707,614 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R Aczel |
| Director |
| Approved by the board on 22 December 2025 |
|
| Richard Aczel Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are: |
|
|
Freehold buildings |
over 50 years |
|
Plant and machinery |
25% per annum of net book value |
|
Motor vehicles |
25% per annum of net book value |
|
Computer equipment |
over 3 years on a straight line basis |
|
|
Stocks |
|
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell. Work done on contracts is valued at recoverable amounts according to the stage of completion. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment. Loans receivable are initially recognised at transaction price including any transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
|
|
Creditors |
|
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are initially recognised at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
|
Deferred Taxation |
|
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets (or, if lower, the present value of the minimum lease payments).
Lease payments are apportioned between finance charges and the reduction in the outstanding liability using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss. Assets held under finance leases are included in tangible fixed assets and depreciated and reviewed for impairment losses in the same way as owned assets.
Operating lease payments are charged to profit or loss on a straight-line basis over the lease term. Where a lease includes pre-set increases in the rent payable to reflect expected inflation, then the annual expense is recognised in line with this stepped schedule.
The aggregate benefits of any lease incentives are recognised as a reduction to the expense recognised over the lease term on a straight-line basis. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
15 |
|
13 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
536,903 |
|
179,959 |
|
48,489 |
|
765,351 |
|
Disposals |
- |
|
(25,907) |
|
- |
|
(25,907) |
|
At 31 March 2025 |
536,903 |
|
154,052 |
|
48,489 |
|
739,444 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
67,561 |
|
118,813 |
|
12,212 |
|
198,586 |
|
Charge for the year |
8,590 |
|
19,027 |
|
9,068 |
|
36,685 |
|
On disposals |
- |
|
(24,529) |
|
- |
|
(24,529) |
|
At 31 March 2025 |
76,151 |
|
113,311 |
|
21,280 |
|
210,742 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
460,752 |
|
40,741 |
|
27,209 |
|
528,702 |
|
At 31 March 2024 |
469,342 |
|
61,146 |
|
36,277 |
|
566,765 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
1,078,425 |
|
11,472 |
|
Other debtors |
1,946,675 |
|
3,143,068 |
|
|
|
|
|
|
3,025,100 |
|
3,154,540 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
351,532 |
|
648,346 |
|
Corporation tax |
130,561 |
|
- |
|
Other taxes and social security costs |
536,558 |
|
413,081 |
|
Other creditors |
139,969 |
|
84,629 |
|
|
|
|
|
|
1,158,620 |
|
1,146,056 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
Loans to directors at 2.25% interest and repayable on demand total £742,705 at the beginning of the year. At the end of the year £58,888 was owed to the directors.
The directors owe equal amounts. |
|
|
| 7 |
Controlling party |
|
|
Mr R Aczel is the majority shareholder. |
|
|
| 8 |
Other information |
|
|
Richard Aczel Ltd is a private company limited by shares and incorporated in England and Wales. The registered office is: |
|
9 Lloyd Street |
|
Llandudno |
|
Conwy |
|
LL30 2UU |