Rich Gully Ltd - Accounts

Registered number

12939928

Rich Gully Ltd

Report and Financial Statements

31 October 2025

Rich Gully Ltd
Registered number:			12939928
Director's Report

The director presents his report and financial statements for the year ended 31 October 2025.

Principal activities
The company's principal activity during the year continued to be that of music, television and media publishing services.

Directors
The following persons served as directors during the year:

	Mr J P King	(Appointed 1 January 2026)
	Jonathan Paulking Holdings Ltd T/A Jonathan Paul King

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 28 July 2026 and signed on its behalf.


Mr J P King
Director

Rich Gully Ltd
Profit and Loss Account
for the year ended 31 October 2025


	2025	2024
	£	£

Turnover	1,014,589	2,945,269

Cost of sales	(699,939)	(1,594,089)

Gross profit	314,650	1,351,180

Administrative expenses	(312,203)	(465,378)

Operating profit	2,447	885,802

Interest receivable	41	62
Interest payable	(196)	(138)

Profit on ordinary activities before taxation	2,292	885,726

Tax on profit on ordinary activities	-	(22,057)

Profit for the financial year	2,292	863,669

Rich Gully Ltd
Registered number:		12939928
Balance Sheet
as at 31 October 2025

Notes		2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		721,920		717,890

Current assets
Debtors	4	207,231		351,852
Cash at bank and in hand		110,951		96,357
		318,182		448,209

Creditors: amounts falling due within one year	5	(91,352)		(132,386)

Net current assets			226,830		315,823

Total assets less current liabilities			948,750		1,033,713

Creditors: amounts falling due after more than one year	6		(37,654)		(124,909)

Net assets			911,096		908,804

Capital and reserves
Called up share capital			100		100
Profit and loss account			910,996		908,704

Shareholder's funds			911,096		908,804

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.

Mr J P King
Director
Approved by the board on 28 July 2026

Rich Gully Ltd
Notes to the Accounts
for the year ended 31 October 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.


2	Employees		2025	2024
			Number	Number

	Average number of persons employed by the company		4	6


3	Tangible fixed assets
		Plant and machinery etc		Total
		£		£
	Cost
	At 1 November 2024	853,092		853,092
	Additions	131,428		131,428
	At 31 October 2025	984,520		984,520

	Depreciation
	At 1 November 2024	135,202		135,202
	Charge for the year	127,398		127,398
	At 31 October 2025	262,600		262,600

	Net book value
	At 31 October 2025	721,920		721,920
	At 31 October 2024	717,890		717,890


4	Debtors		2025	2024
			£	£

	Trade debtors		201,724	347,593
	Other debtors		5,507	4,259
			207,231	351,852


5	Creditors: amounts falling due within one year		2025	2024
			£	£

	Trade creditors		62,949	72,513
	Corporation tax		-	22,057
	Other taxes and social security costs		21,198	29,654
	Other creditors		7,205	8,162
			91,352	132,386


6	Creditors: amounts falling due after one year		2025	2024
			£	£

	Other creditors		37,654	124,909
			37,654	124,909

7	Other information

	Rich Gully Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	210 Causeway Green Road
	Oldbury
	West Midlands
	B68 8LS