Company Registration No. 08546775 (England and Wales)
RICHMOND ENTERPRISES (2013) LTD
Unaudited accounts
for the year ended 30 September 2022
RICHMOND ENTERPRISES (2013) LTD
Unaudited accounts
Contents
RICHMOND ENTERPRISES (2013) LTD
Company Information
for the year ended 30 September 2022
Directors
MR S F BISHOP
MRS S BISHOP
Company Number
08546775 (England and Wales)
Registered Office
GLEBE FARM
FALDINGWORTH
MARKET RASEN
LINCOLNSHIRE
LN8 3SD
Accountants
CALCUL8 LIMITED
57 HIGH STREET
SAXILBY
LINCOLN
LINCOLNSHIRE
LN1 2HA
RICHMOND ENTERPRISES (2013) LTD
Statement of financial position
as at 30 September 2022
Tangible assets
64,726
72,465
Cash at bank and in hand
8,867
7,366
Creditors: amounts falling due within one year
(7,147)
(13,830)
Net current assets
8,928
2,470
Total assets less current liabilities
73,654
74,935
Creditors: amounts falling due after more than one year
(188,199)
(169,115)
Net liabilities
(114,545)
(94,180)
Called up share capital
100
100
Profit and loss account
(114,645)
(94,280)
Shareholders' funds
(114,545)
(94,180)
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2023 and were signed on its behalf by
MR S F BISHOP
Director
Company Registration No. 08546775
RICHMOND ENTERPRISES (2013) LTD
Notes to the Accounts
for the year ended 30 September 2022
RICHMOND ENTERPRISES (2013) LTD is a private company, limited by shares, registered in England and Wales, registration number 08546775. The registered office is GLEBE FARM, FALDINGWORTH, MARKET RASEN, LINCOLNSHIRE, LN8 3SD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
RICHMOND ENTERPRISES (2013) LTD
Notes to the Accounts
for the year ended 30 September 2022
At the year end the company's current liabilities exceeded its current assets by £115,535 with the loan from director's being owed £176,514. This is an interest free loan with no repayment date. The director's believes the going concern basis is appropriate due to their continued support.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2021
15,109
113,430
28,163
6,280
5,077
168,059
Additions
405
529
-
200
919
2,053
At 30 September 2022
15,514
113,959
28,163
6,480
5,996
170,112
At 1 October 2021
528
65,439
20,977
3,958
4,692
95,594
Charge for the year
267
7,241
1,498
368
418
9,792
At 30 September 2022
795
72,680
22,475
4,326
5,110
105,386
At 30 September 2022
14,719
41,279
5,688
2,154
886
64,726
At 30 September 2021
14,581
47,991
7,186
2,322
385
72,465
Amounts falling due within one year
Deferred tax asset
1,032
1,226
Accrued income and prepayments
286
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,824
4,944
Trade creditors
1,538
8,136
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Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
176,516
153,159
RICHMOND ENTERPRISES (2013) LTD
Notes to the Accounts
for the year ended 30 September 2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
No dividends were declared in the year (2021: £0)
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).
