REGISTERED NUMBER: 15774176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 JUNE 2024 TO 31 MARCH 2025

FOR

I&J RICHARDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P J Richards

REGISTERED OFFICE:

59 Watson Road

Worksop

United Kingdom

Nottinghamshire

S80 2BG

REGISTERED NUMBER:

15774176 (England and Wales)

ACCOUNTANTS:

seven7seven

10 Kingswell Avenue

Arnold

Nottingham

NG5 6SY

FIXED ASSETS

Tangible assets

4

2,396

CURRENT ASSETS

Stocks

258,430

Debtors

5

3,072

Cash at bank

19,750

281,252

CREDITORS

Amounts falling due within one year

6

285,062

NET CURRENT LIABILITIES

(3,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,414

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(1,514

)

(1,414

)

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

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

The director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

P J Richards - Director

1.	STATUTORY INFORMATION

I&J Richards Ltd 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.

At the balance sheet date the company had net liabilities of £1,414. In the opinion of the director the company will have sufficient working capital to meet all future liabilities as they fall due, as the director has confirmed his willingness and ability to support the company. Subsequently, the accounts have been prepared on a going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

2,500

At 31 March 2025

2,500

DEPRECIATION

Charge for period

104

At 31 March 2025

104

NET BOOK VALUE

At 31 March 2025

2,396

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

3,072

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

162

Amounts owed to group undertakings

153,755

Other creditors

131,145

285,062

7.	RELATED PARTY DISCLOSURES

During the period the director made loans to and from the company. At the balance sheet date £130,245 was owed by the company in respect of these transactions.