Richardson Designs Limited - Filleted accounts

Registered number

02040414

Richardson Designs Limited

Filleted Accounts

31 January 2026

Richardson Designs Limited
Registered number:		02040414
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,376			814

Current assets
Stocks		21,981			18,703
Debtors	4	32,908			55,652
Cash at bank and in hand		39,911			41,269
		94,800			115,624

Creditors: amounts falling due within one year	5	(68,072)			(73,919)

Net current assets			26,728			41,705

Total assets less current liabilities			28,104			42,519

Creditors: amounts falling due after more than one year	6		-			(6,667)



Net assets			28,104			35,852

Capital and reserves
Called up share capital			100			100
Profit and loss account			28,004			35,752

Shareholders' funds			28,104			35,852

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 W Richardson
Director
Approved by the board on 20 October 2026

Richardson Designs Limited
Notes to the Accounts
for the year ended 31 January 2026


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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	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% straight line
	Office equipment	20% straight line
	Fixtures and fittings	20% straight line
	Motor Vehciles	25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is 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. 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		11		11


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2025				109,435
	Additions				1,050
	At 31 January 2026				110,485

	Depreciation
	At 1 February 2025				108,621
	Charge for the year				488
	At 31 January 2026				109,109

	Net book value
	At 31 January 2026				1,376
	At 31 January 2025				814


4	Debtors		2026		2025
£				£

	Trade debtors		14,502		37,739
	Other debtors		18,406		17,913
			32,908		55,652


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		6,667		10,000
	Trade creditors		32,347		31,297
	Taxation and social security costs		3,720		7,284
	Other creditors		25,338		25,338
			68,072		73,919


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		-		6,667


7	Controlling party

	The company is controlled by its Directors.


8	Other information

	Richardson Designs Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Whiteside Farm
	Holmside Lane
	Burnhope
	Durham
	DH7 0DR