Registration number: 05441783

Richards Events & Recruitment Services Limited

(Registration number: 05441783)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	46,324	48,843
Current assets
Debtors	5	272,918	198,504
Cash at bank and in hand		-	1,636
		272,918	200,140
Creditors: Amounts falling due within one year	6	(197,341)	(216,697)
Net current assets/(liabilities)		75,577	(16,557)
Total assets less current liabilities		121,901	32,286
Creditors: Amounts falling due after more than one year	6	(108,000)	(15,000)
Provisions for liabilities		(7,102)	-
Net assets		6,799	17,286
Capital and reserves
Called up share capital		100	100
Retained earnings		6,699	17,186
Shareholders' funds		6,799	17,286

Richards Events & Recruitment Services Limited

(Registration number: 05441783)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

......................................... Mrs SD Richards Director

Richards Events & Recruitment Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Whitefield Road
New Milton
Dorset
BH25 6DE

These financial statements were authorised for issue by the Board on 28 April 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its
performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Tax

The tax expense for the period comprises current and deferred tax.

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Richards Events & Recruitment Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on cost
Fixtures and fittings	25% on cost
Office equipment	33% on cost

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2024 - 39).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	49,192	1,972	38,873	90,037
At 31 March 2025	49,192	1,972	38,873	90,037
Depreciation
At 1 April 2024	1,968	1,656	37,572	41,196
Charge for the year	984	258	1,275	2,517
At 31 March 2025	2,952	1,914	38,847	43,713
Carrying amount
At 31 March 2025	46,240	58	26	46,324
At 31 March 2024	47,224	317	1,302	48,843

Included within the net book value of land and buildings above is £46,240 (2024 - £47,224) in respect of long leasehold land and buildings.
 

Richards Events & Recruitment Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	203,326	129,863
Prepayments	3,249	1,250
Other debtors	66,343	67,391
	272,918	198,504

Richards Events & Recruitment Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	57,209	101,704
Trade creditors		6,514	11,408
Taxation and social security		52,523	40,363
Accruals and deferred income		73,595	62,839
Other creditors		7,500	383
		197,341	216,697