Richards Consultancy & Projects Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12207672 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Richards Consultancy & Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C Richards

REGISTERED OFFICE:

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

REGISTERED NUMBER:

12207672 (England and Wales)

ACCOUNTANTS:

Lishmans LLP

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

FIXED ASSETS

Intangible assets

4

-

14,879

Tangible assets

5

30,951

20,339

30,951

35,218

CURRENT ASSETS

Debtors

6

137,289

11,300

Cash at bank

97,021

65,948

234,310

77,248

CREDITORS

Amounts falling due within one year

7

131,154

67,321

NET CURRENT ASSETS

103,156

9,927

TOTAL ASSETS LESS CURRENT LIABILITIES

134,107

45,145

CREDITORS

Amounts falling due after more than one year

8

(43,509

)

(40,833

)

PROVISIONS FOR LIABILITIES

9

(5,881

)

(3,864

)

NET ASSETS

84,717

448

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

84,716

447

SHAREHOLDERS' FUNDS

84,717

448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 19 December 2022 and were signed by:

Mr C Richards - Director

1.	STATUTORY INFORMATION

Richards Consultancy & Projects 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of two years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance basis

Computer equipment

-

33% on reducing balance basis

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2021

and 30 September 2022

29,758

AMORTISATION

At 1 October 2021

14,879

Charge for year

14,879

At 30 September 2022

29,758

NET BOOK VALUE

At 30 September 2022

-

At 30 September 2021

14,879

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

32,483

Additions

18,521

At 30 September 2022

51,004

DEPRECIATION

At 1 October 2021

12,144

Charge for year

7,909

At 30 September 2022

20,053

NET BOOK VALUE

At 30 September 2022

30,951

At 30 September 2021

20,339

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

45,946

4,236

Other debtors

91,343

7,064

137,289

11,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,167

9,167

Hire purchase contracts

4,306

-

Trade creditors

40,123

29,677

Taxation and social security

29,955

(6,410

)

Other creditors

47,603

34,887

131,154

67,321

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

31,667

40,833

Hire purchase contracts

11,842

-

43,509

40,833

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

5,881

3,864

Deferred

tax

£

Balance at 1 October 2021

3,864

Provided during year

2,017

Balance at 30 September 2022

5,881

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

1

1