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Creditors: amounts falling due within one year

Registered number: 00967489 (England & Wales)

	RICHARD GELDING LIMITED
	DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 JANUARY 2026

	Pages for Filing with Registrar


RICHARD GELDING LIMITED

CONTENTS

	Page
Company Information	1
Balance Sheet	2 - 3
Notes to the Financial Statements	4 - 8


RICHARD GELDING LIMITED

COMPANY INFORMATION

Director	Michael Hughes


Registered number	00967489


Registered office	40 Queen Anne Street
	London
	W1G 9EL


Accountants	Lewis Golden LLP
	40 Queen Anne Street
	London
	W1G 9EL

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Registered number: 00967489 (England & Wales) RICHARD GELDING LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2026

	31 January	1 February
	2026	2025
Note	£	£

Fixed assets
Tangible fixed assets	4		9,532		12,422
Current assets
Stocks		250,000		251,000
Debtors	5	35,540		97,758
Cash at bank and in hand		74,357		54,003
		359,897		402,761
Creditors: amounts falling due within one year	6	(151,399)		(183,709)
Net current assets			208,498		219,052
Total assets less current liabilities			218,030		231,474

Net assets			218,030		231,474

Capital and reserves
Called up share capital	17,310	17,310
Profit and loss account	200,720	214,164
	218,030	231,474

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Registered number: 00967489 (England & Wales) RICHARD GELDING LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and the member has not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the Director's Report and Profit and Loss Account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the sole director and signed by:

Michael Hughes

Director

Date: 1 July 2026

The notes on pages 4 to 8 form part of these financial statements.

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RICHARD GELDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

1.	General information

Richard Gelding Limited is a private company limited by share capital, incorporated in England and Wales, registered number 00967489. The address of the registered office is 40 Queen Anne Street, London W1G 9EL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The financial statements represent the period of account from 2 February 2025 to 31 January 2026 to align with the week end which is custom with retail businesses. The comparative represents the period from 4 February 2024 to 1 February 2025.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery etc.

15%

reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Profit and Loss Account.

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RICHARD GELDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

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. Work in progress and finished goods include labour and attributable overheads.

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 and Loss Account.

2.5

Debtors

Short-term debtors are measured at the 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.

2.6

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

2.7

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.

2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in Profit and Loss Account.

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RICHARD GELDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Financial instruments

The company only enters into basic financial instrument 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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.10

Dividends

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

2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to Profit and Loss Account on a straight-line basis over the lease term.

2.12

Taxation

Tax is recognised in Profit and Loss Account.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Employees

The average monthly number of employees, including the director, during the period was 5 (2025 - 5).

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RICHARD GELDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

4.	Tangible fixed assets

		Plant and machinery etc.
		£
	Cost
	At 2 February 2025	58,035
	Disposals	(1,992)
	At 31 January 2026	56,043
	Depreciation
	At 2 February 2025	45,613
	Charge for the period	1,682
	Disposals	(784)
	At 31 January 2026	46,511
	Net book value
	At 31 January 2026	9,532
	At 1 February 2025	12,422

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RICHARD GELDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2026

Debtors

					31 January	1 February
					2026	2025
					£	£


Trade debtors	-	21,000
Amounts owed by group undertakings	6,000	-
Other debtors	29,540	76,758
	35,540	97,758

Bank loans	6,921	-
Trade creditors	58,752	78,728
Corporation tax	12,000	36,000
Other taxation and social security	54,958	49,331
Other creditors	18,768	19,650
	151,399	183,709

7.	Other financial commitments

At the balance sheet date, the company had other financial commitments of £54,197 (2025 - £37,659), which are not provided for in these financial statements.

8.	Commitments under operating leases
	At the balance sheet date the company had total future minimum lease payments due under non-cancellable operating leases of £428,750 (2025 - £533,750).

9.	Related party transactions
	At 31 January 2026, a director owed the company £648 (2025 - £6,648). The balance was interest free and repayable on demand. During the period, £nil (2025 - £6,648) was advanced to a director and £6,000 (2025 - £4,083) was repaid by a director.

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