Rico Management Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13217168 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

RICO MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Hunter

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

13217168 (England and Wales)

ACCOUNTANTS:

Riddingtons Ltd

The Old Barn

off Wood Street

Swanley Village

Kent

BR8 7PA

FIXED ASSETS

Tangible assets

4

4,261

3,493

CURRENT ASSETS

Debtors

5

14,833

36,019

Cash at bank

34,623

44,248

49,456

80,267

CREDITORS

Amounts falling due within one year

6

52,859

80,460

NET CURRENT LIABILITIES

(3,403

)

(193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

858

3,300

PROVISIONS FOR LIABILITIES

810

664

NET ASSETS

48

2,636

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

46

2,634

48

2,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 May 2023 and were signed by:

R Hunter - Director

1.	STATUTORY INFORMATION

Rico Management 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.

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

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

3,697

Additions

1,231

Disposals

(150

)

At 31 March 2023

4,778

DEPRECIATION

At 1 April 2022

204

Charge for year

335

Eliminated on disposal

(22

)

At 31 March 2023

517

NET BOOK VALUE

At 31 March 2023

4,261

At 31 March 2022

3,493

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

14,833

36,000

Other debtors

-

19

14,833

36,019

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

850

1,274

Taxation and social security

14,900

24,947

Other creditors

37,109

54,239

52,859

80,460

7.	RELATED PARTY DISCLOSURES

Included in the Other Creditors is an amount owed to the company director Mr R Hunter totalling £36,500 (2022 - £54,239), no interest is to be charged.