REGISTERED NUMBER: 05688431 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2024 TO 31ST DECEMBER 2025

FOR

RICHARDSON & PEAT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Peat

M J Peat

J Boyne

SECRETARY:

Mrs J M Peat

REGISTERED OFFICE:

9a High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

REGISTERED NUMBER:

05688431 (England and Wales)

ACCOUNTANTS:

Camfield Chapman Lowe

9a High Street

Woburn Sands

Milton Keynes

Buckinghamshire

MK17 8RF

FIXED ASSETS

Tangible assets

4

14,333

18,117

CURRENT ASSETS

Debtors

5

349,056

451,927

CREDITORS

Amounts falling due within one year

6

331,850

380,056

NET CURRENT ASSETS

17,206

71,871

TOTAL ASSETS LESS CURRENT LIABILITIES

31,539

89,988

CREDITORS

Amounts falling due after more than one year

7

(1,459

)

(13,087

)

PROVISIONS FOR LIABILITIES

-

(3,383

)

NET ASSETS

30,080

73,518

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,980

73,418

SHAREHOLDERS' FUNDS

30,080

73,518

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd September 2026 and were signed on its behalf by:

Mrs J M Peat - Director

1.	STATUTORY INFORMATION

Richardson & Peat Limited 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.

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

-

33% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition

Revenue from contracts is regcognised by reference to the stage of completion of the contract activity at the balance sheet date.

Profit attributable to contract activity is recognised if the final outcome of such contracts can be reliably assessed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st November 2024

and 31st December 2025

11,535

1,445

35,880

9,603

58,463

DEPRECIATION

At 1st November 2024

11,342

1,387

19,061

8,556

40,346

Charge for period

64

11

3,364

345

3,784

At 31st December 2025

11,406

1,398

22,425

8,901

44,130

NET BOOK VALUE

At 31st December 2025

129

47

13,455

702

14,333

At 31st October 2024

193

58

16,819

1,047

18,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

80,968

82,748

Amounts recoverable on contract

265,318

367,220

Other debtors

2,770

1,959

349,056

451,927

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,667

81,677

Trade creditors

186,263

208,276

Taxation and social security

33,986

32,668

Other creditors

77,934

57,435

331,850

380,056

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,459

13,087

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

13,692

60,510

Bank loans

21,434

34,254

35,126

94,764

A debenture in favour of National Westminster Bank plc was created on 24th February 2009 to secure all liabilities to the said bank.