V. Richardson & Sons Limited

V. Richardson & Sons Limited
Statement of Financial Position
As at 30 September 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	19,958	21,374
Investments	4	0	50,000
		19,958	71,374
Current assets
Stocks	5	6,000	6,000
Debtors	6	87,507	110,733
Cash at bank and in hand		187,829	97,481
		281,336	214,214
Creditors: amount falling due within one year	7	(113,027)	(110,775)
Net current assets		168,309	103,439

Total assets less current liabilities		188,267	174,813
Provisions for liabilities	8	(4,989)	(4,061)
Net assets		183,278	170,752

Capital and reserves
Called up share capital		3,000	3,000
Profit and loss account		180,278	167,752
Shareholders' funds		183,278	170,752

For the period ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 20 February 2026 and were signed on its behalf by:

-------------------------------
S J Richardson
Director

V. Richardson & Sons Limited
Notes to the Financial Statements
For the Period 06 April 2024 to 30 September 2025

General Information

V. Richardson & Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 01506910, registration address Oberon House , Ferries Street , Hull , East Yorkshire, HU9 1RL.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Improvements to property	4 Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 5 (2024 : 5).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Improvements to property	Total
	£	£	£
At 06 April 2024	301,212	7,000	308,212
Additions	3,500	-	3,500
Disposals	-	-	-
At 30 September 2025	304,712	7,000	311,712
Depreciation
At 06 April 2024	279,838	7,000	286,838
Charge for period	4,916	-	4,916
On disposals	-	-	-
At 30 September 2025	284,754	7,000	291,754
Net book values
Closing balance as at 30 September 2025	19,958	-	19,958
Opening balance as at 06 April 2024	21,374	-	21,374

Investments

Cost	Other investments other than loans	Total
	£	£
At 06 April 2024	50,000	50,000
Additions	-	-
Disposals	(50,000)	(50,000)
At 30 September 2025	-	-

Stocks

	2025 £		2024 £
Stocks	6,000		6,000
	6,000		6,000

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	76,922	105,358
Prepayments & Accrued Income	6,155	5,375
PAYE & Social Security	4,430	0
	87,507	110,733

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	38,341	44,198
Corporation Tax	18,880	9,550
PAYE & Social Security	0	742
Accrued Expenses	4,066	2,415
Other Creditors	1,130	1,449
Directors' Current Accounts	46,800	44,666
VAT	3,810	7,755
	113,027	110,775

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	4,989		4,061
	4,989		4,061

Registered Number: 01506910
England and Wales
Unaudited Financial Statements

for the period ended 30 September 2025
for
V. RICHARDSON & SONS LIMITED