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
Reachers Cars & Minibuses Ltd
Company Information
for the year ended 31 October 2021
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
Reachers Cars & Minibuses Ltd
Statement of financial position
as at 31 October 2021
Intangible assets
14,598
14,598
Tangible assets
718,877
545,877
Cash at bank and in hand
176,956
422,158
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
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
Reachers Cars & Minibuses Ltd
Notes to the Accounts
for the year ended 31 October 2021
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2020
14,598
250,000
264,598
At 31 October 2021
14,598
250,000
264,598
At 1 November 2020
-
250,000
250,000
At 31 October 2021
-
250,000
250,000
At 31 October 2021
14,598
-
14,598
At 31 October 2020
14,598
-
14,598
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
At 31 October 2021
342,951
20,398
720,566
1,083,915
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
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
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
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).