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REGISTERED NUMBER: 05002383 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Reformis Limited

Reformis Limited (Registered number: 05002383)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Reformis Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: B Woodham
S Hammond





SECRETARY: J Wright





REGISTERED OFFICE: City Tower
40 Basinghall Street
London
EC2V 5DE





REGISTERED NUMBER: 05002383 (England and Wales)





ACCOUNTANTS: Forbes Young
Tax Advisers and
Accountants
575-599 Maxted Road
Hemel Hempstead
Hertfordshire
HP2 7ED

Reformis Limited (Registered number: 05002383)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,277 7,603

CURRENT ASSETS
Debtors 5 1,516,671 1,683,534
Cash at bank and in hand 1,444,360 1,022,381
2,961,031 2,705,915
CREDITORS
Amounts falling due within one year 6 1,178,414 1,053,623
NET CURRENT ASSETS 1,782,617 1,652,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,802,894

1,659,895

CAPITAL AND RESERVES
Called up share capital 41 41
Share premium 32,902 32,902
Capital redemption reserve (1,887,381 ) (1,834,942 )
Retained earnings 3,657,332 3,461,894
SHAREHOLDERS' FUNDS 1,802,894 1,659,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:



B Woodham - Director


Reformis Limited (Registered number: 05002383)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Reformis 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 - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2020 - 40 ) .

Reformis Limited (Registered number: 05002383)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 80,740
Additions 19,434
At 31 December 2021 100,174
DEPRECIATION
At 1 January 2021 73,137
Charge for year 6,760
At 31 December 2021 79,897
NET BOOK VALUE
At 31 December 2021 20,277
At 31 December 2020 7,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 1,309,396 1,470,440
Other debtors 207,275 213,094
1,516,671 1,683,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 189,468 389,135
Taxation and social security 884,613 516,528
Other creditors 104,333 147,960
1,178,414 1,053,623

Reformis Limited

Report of the Accountants to the Directors of
Reformis Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Forbes Young
Tax Advisers and
Accountants
575-599 Maxted Road
Hemel Hempstead
Hertfordshire
HP2 7ED


Date: .............................................