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Company No: 01724671 (England and Wales)

# RICHARDSON SUPPLY COMPANY LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

RICHARDSON SUPPLY COMPANY LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

RICHARDSON SUPPLY COMPANY LIMITED

## COMPANY INFORMATION

For the financial year ended 31 October 2025
RICHARDSON SUPPLY COMPANY LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 October 2025

Director | J.M.G McArdle

Secretary | S.K.A McArdle

Registered office | 64 Sprowston Mews
| E7 9AE
| United Kingdom

Company number | 01724671 (England and Wales)

Chartered accountants | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

RICHARDSON SUPPLY COMPANY LIMITED

## BALANCE SHEET

As at 31 October 2025
RICHARDSON SUPPLY COMPANY LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 13,253 |  | 21,655
|  | 13,253 |  | 21,655
Current assets |  |  |  |
Stocks |  | 58,530 |  | 0
Debtors | 4 | 1,077,464 |  | 1,145,559
Cash at bank and in hand |  | 351,711 |  | 422,909
|  | 1,487,705 |  | 1,568,468
Creditors: amounts falling due within one year | 5, 9, 10 | ( 770,914) |  | ( 848,423)
Net current assets |  | 716,791 |  | 720,045
Total assets less current liabilities |  | 730,044 |  | 741,700
Creditors: amounts falling due after more than one year | 6 | 0 |  | ( 6,977)
Net assets |  | 730,044 |  | 734,723
Capital and reserves |  |  |  |
Called-up share capital | 7 | 200 |  | 200
Profit and loss account | 11 | 729,844 |  | 734,523
Total shareholders' funds |  | 730,044 |  | 734,723

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Richardson Supply Company Limited (registered number: 01724671) were approved and authorised for issue by the Director on 08 July 2026. They were signed on its behalf by:

J.M.G McArdle Director |

RICHARDSON SUPPLY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
RICHARDSON SUPPLY COMPANY LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Richardson Supply Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 64 Sprowston Mews, E7 9AE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
 the Company has transferred the significant risks and rewards of ownership to the buyer;
 the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
 the amount of revenue can be measured reliably;
 it is probable that the Company will receive the consideration due under the transaction; and
 the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Interest income

Interest income is recognised in profit or loss using the effective interest method.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 5 years straight line
Vehicles | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

##### Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

##### Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

##### Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

##### Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

##### Financial instruments

The Company only enters into basic financial instument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 4 |  | 4

#### 3. Tangible assets

| Leasehold improve- ments |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 November 2024 | 29,885 |  | 24,500 |  | 2,082 |  | 56,467
At 31 October 2025 | 29,885 |  | 24,500 |  | 2,082 |  | 56,467
Accumulated depreciation |  |  |  |  |  |  |
At 01 November 2024 | 17,931 |  | 15,521 |  | 1,360 |  | 34,812
Charge for the financial year | 5,977 |  | 2,245 |  | 180 |  | 8,402
At 31 October 2025 | 23,908 |  | 17,766 |  | 1,540 |  | 43,214
Net book value |  |  |  |  |  |  |
At 31 October 2025 | 5,977 |  | 6,734 |  | 542 |  | 13,253
At 31 October 2024 | 11,954 |  | 8,979 |  | 722 |  | 21,655

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 940,668 |  | 1,024,051
Prepayments | 4,416 |  | 4,720
Other debtors | 132,380 |  | 116,788
| 1,077,464 |  | 1,145,559

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 7,003 |  | 10,334
Trade creditors | 282,904 |  | 177,085
Accruals | 291,423 |  | 394,301
Taxation and social security | 6,270 |  | 7,938
Other creditors | 183,314 |  | 258,765
| 770,914 |  | 848,423

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 0 |  | 6,977

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100
100 B ordinary shares of £ 1.00 each | 100 |  | 100
| 200 |  | 200

#### 8. Related party transactions

A directors loan account was in operation during the year, bearing interest at 6.17% per annuum. The amount owed at the year end was £161,472 (2024: £218,732). This is included in note 6, 'Creditors falling due within one year'.
During the year dividends of £5,800 (2024: £7,450) were paid to J M G McArdle, the sole director. Dividends of £11,600 (2024: £14,950) were paid to S K A McArdle, a major shareholder and wife of the sole director J M G McArdle.
The company purchased goods to the value of £37,937 (2024: £25,505) in the year from Richardson International Procurement Services Inc., a company incorporated in the USA that is under the control of Mr J M G McArdle, the sole director of Richardson Supply Company Limited.
At the balance sheet date the company owed £19,854 (2024: £25,706) to Richardson International Procurement Services Inc. This is included in note 6, 'Creditors: amounts falling due within one year.

#### 9. Loans

| 2025 |  | 2024
| £ |  | £
Bank loans - due within one year | 7,003 |  | 10,334
Bank loans - within 1-2 years | 0 |  | 6,977
| 7,003 |  | 17,311

During 2020 the company took out a Coronavirus Bounce Back Loan (BBLS) for £50,000 at a fixed interest rate of 2.5% per annum. This loan is designed to help UK business during the COVID-19 outbreak.

#### 10. Commitments under operating leases

| 2025 |  | 2024
| £ |  | £
Not later than 1 year | 19,000 |  | 19,000
Later than 1 year and not later than 5 years | 6,333 |  | 25,333
| 25,333 |  | 44,333

At 31 October 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the periods.

#### 11. Reserves

Profit and loss account

The Profit and loss account comprises all current and prior period retained profits and losses.

Share capital

This represents the nominal value of shares that have been issued by the company.

#### 12. Ultimate controlling party

The company is under the control of its sole director, J.M.G McArdle, who owns 100% of the voting, ordinary share capital.