REGISTERED NUMBER: 05380741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

O. Richards Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O Richards

SECRETARY:

Ms G M Jones

REGISTERED OFFICE:

2 Tyn Llan

Bryncroes

Pwllheli

Gwynedd

LL53 8EB

REGISTERED NUMBER:

05380741 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

4

110,737

104,778

CURRENT ASSETS

Debtors

5

20,017

20,600

Cash at bank

26,901

30,279

46,918

50,879

CREDITORS

Amounts falling due within one year

6

35,276

25,888

NET CURRENT ASSETS

11,642

24,991

TOTAL ASSETS LESS CURRENT LIABILITIES

122,379

129,769

CREDITORS

Amounts falling due after more than one year

7

804

2,159

NET ASSETS

121,575

127,610

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

121,574

127,609

121,575

127,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th July 2026 and were signed by:

O Richards - Director

1.	STATUTORY INFORMATION

O. Richards Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

231,476

Additions

51,354

Disposals

(44,781

)

At 31st March 2026

238,049

DEPRECIATION

At 1st April 2025

126,698

Charge for year

31,226

Eliminated on disposal

(30,612

)

At 31st March 2026

127,312

NET BOOK VALUE

At 31st March 2026

110,737

At 31st March 2025

104,778

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

17,600

17,600

Other debtors

2,417

3,000

20,017

20,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

104

272

Taxation and social security

9,634

11,362

Other creditors

25,538

14,254

35,276

25,888

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

804

2,159