Roger Rich & Co. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10883370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2021

FOR

ROGER RICH & CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R D Rich

Ms R Sanders

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

2a Marston House

Cromwell Park

CHIPPING NORTON

Oxfordshire

OX7 5SR

REGISTERED NUMBER:

10883370 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

4,000

8,000

Tangible assets

5

-

233

4,000

8,233

CURRENT ASSETS

Stocks

64,991

60,436

Debtors

6

23,062

42,966

Cash at bank and in hand

6,290

1,522

94,343

104,924

CREDITORS

Amounts falling due within one year

7

73,679

86,692

NET CURRENT ASSETS

20,664

18,232

TOTAL ASSETS LESS CURRENT LIABILITIES

24,664

26,465

CREDITORS

Amounts falling due after more than one year

8

(22,500

)

(22,500

)

PROVISIONS FOR LIABILITIES

10

-

(44

)

NET ASSETS

2,164

3,921

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

2,064

3,821

SHAREHOLDERS' FUNDS

2,164

3,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2022 and were signed on its behalf by:

Mr R D Rich - Director

Ms R Sanders - Director

1.	STATUTORY INFORMATION

Roger Rich & Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, as adjusted for changes in the value of work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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.

Computer equipment

-

25% on cost

Government grants

Government grants are accounted for on an accruals basis in accordance to the period to which they relate.

Stocks

Work in progress is valued on the basis of the extent to which the revenue has been earned, taking into account the stage of completion of the work carried out, and the final expected value of the total fees.

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 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 6 (2020 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2020

and 30 September 2021

20,000

AMORTISATION

At 1 October 2020

12,000

Charge for year

4,000

At 30 September 2021

16,000

NET BOOK VALUE

At 30 September 2021

4,000

At 30 September 2020

8,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 October 2020

and 30 September 2021

930

DEPRECIATION

At 1 October 2020

697

Charge for year

233

At 30 September 2021

930

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

18,028

37,384

Prepayments

5,034

5,582

23,062

42,966

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

6,000

18,699

Trade creditors

4,849

3,874

Tax

2,623

2,134

Social security and other taxes

1,197

1,839

VAT

924

2,304

Directors' current accounts

55,605

55,293

Accrued expenses

2,481

2,549

73,679

86,692

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans - 1-2 years

6,000

7,500

Bank loans - 2-5 years

16,500

15,000

22,500

22,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.21

30.9.20

£

£

Bank overdraft

-

11,199

The bank overdraft is secured by way of a fixed and floating charge dated 4 October 2017, over all of the property or undertaking of the company, in favour of National Westminster Bank PLC.

10.	PROVISIONS FOR LIABILITIES

30.9.21

30.9.20

£

£

Deferred tax

Accelerated capital allowances

-

44

Deferred

tax

£

Balance at 1 October 2020

44

Provided during year

(44

)

Balance at 30 September 2021

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

45

Ordinary A

£1

45

45

45

Ordinary B

£1

45

45

10

Ordinary C

£1

10

10

100

100