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Company Registration No. 07050543 (England and Wales)
Reachers Cars & Minibuses Ltd Unaudited accounts for the year ended 31 October 2021
Reachers Cars & Minibuses Ltd Unaudited accounts Contents
Page
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Reachers Cars & Minibuses Ltd Company Information for the year ended 31 October 2021
Director
Asif Butt
Secretary
Asif Butt
Company Number
07050543 (England and Wales)
Registered Office
Unit 2 Katherine Place Abbots Langley Hertfordshire WD5 0BT UK
Accountants
Butt & Co Accountants 7a Dukes Yard Shakespeare Estate Watford Herts WD24 5AL
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Reachers Cars & Minibuses Ltd Statement of financial position as at 31 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,598 
14,598 
Tangible assets
718,877 
545,877 
733,475 
560,475 
Current assets
Debtors
885,189 
824,093 
Cash at bank and in hand
176,956 
422,158 
1,062,145 
1,246,251 
Creditors: amounts falling due within one year
(593,003)
(687,335)
Net current assets
469,142 
558,916 
Total assets less current liabilities
1,202,617 
1,119,391 
Creditors: amounts falling due after more than one year
329,599 
101,265 
Net assets
1,532,216 
1,220,656 
Capital and reserves
Share premium
1,500 
1,500 
Profit and loss account
1,530,716 
1,219,156 
Shareholders' funds
1,532,216 
1,220,656 
For the year ending 31 October 2021 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 director acknowledges his 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 and authorised for issue on 5 September 2022 and were signed on its behalf by
Asif Butt Director Company Registration No. 07050543
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Reachers Cars & Minibuses Ltd Notes to the Accounts for the year ended 31 October 2021
1
Statutory information
Reachers Cars & Minibuses Ltd is a private company, limited by shares, registered in England and Wales, registration number 07050543. The registered office is Unit 2 Katherine Place, Abbots Langley, Hertfordshire, WD5 0BT, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2020
14,598 
250,000 
264,598 
At 31 October 2021
14,598 
250,000 
264,598 
Amortisation
At 1 November 2020
- 
250,000 
250,000 
At 31 October 2021
- 
250,000 
250,000 
Net book value
At 31 October 2021
14,598 
- 
14,598 
At 31 October 2020
14,598 
- 
14,598 
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Reachers Cars & Minibuses Ltd Notes to the Accounts for the year ended 31 October 2021
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2020
342,951 
18,558 
410,256 
771,765 
Additions
- 
- 
310,310 
310,310 
Disposals
- 
1,840 
- 
1,840 
At 31 October 2021
342,951 
20,398 
720,566 
1,083,915 
Depreciation
At 1 November 2020
- 
16,621 
209,267 
225,888 
Charge for the year
- 
- 
139,150 
139,150 
At 31 October 2021
- 
16,621 
348,417 
365,038 
Net book value
At 31 October 2021
342,951 
3,777 
372,149 
718,877 
At 31 October 2020
342,951 
1,937 
200,989 
545,877 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Trade debtors
875,189 
814,093 
Other debtors
10,000 
10,000 
885,189 
824,093 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
6,540 
83,942 
Taxes and social security
430,693 
381,393 
Proposed dividends
- 
198,000 
Other creditors
155,770 
24,000 
593,003 
687,335 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Loans from directors
(329,599)
(101,265)
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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