true
Richardson Designs Limited
02040414
2015-01-31
58564
59137
58664
59237
100
100
58664
59237
58664
59237
57560
57639
19767
14294
77327
71933
17328
14152
36857
36765
23142
21016
1104
1598
1104
1598
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
Straight line
0.1500
Fixtures & Fittings
Straight line
0.2000
Motor Vehicles
Straight line
0.2500
105599
111249
-5650
104495
109651
494
-5650
105599
111249
-5650
104495
109651
-5650
494
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
Balance sheet Spare note 99 (user defined)
Ultimate Controlling Party
The company was under the control of Mr J W Richardson throughout the current
and previous year. Mr J W Richardson is the Managing Director and majority
shareholder.
2015-07-01
Mr J W Richardson
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Richardson Designs Limited
2014-02-01
2015-01-31
Richardson Designs Limited
2013-02-01
2014-01-31
Richardson Designs Limited
2013-01-31
Richardson Designs Limited
2014-01-31
Richardson Designs Limited
2014-01-31
Richardson Designs Limited
2015-01-31
2015-07-27