Registered number
SC500847
REAM CONSULTANCY LTD
Filleted Accounts
31 March 2023
REAM CONSULTANCY LTD
Registered number: SC500847
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,300 2,556
Creditors: amounts falling due within one year 4 (1,413) (1,413)
Net current assets/(liabilities) (1,413) (1,413)
Total assets less current liabilities 887 1,143
Creditors: amounts falling due after more than one year 5 (4,630) (4,468)
Net assets/(liabilities) (3,743) (3,325)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,843) (3,425)
Shareholder's funds (3,743) (3,325)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Saeed Mohammad
Director
Approved by the board on 11 September 2023
REAM CONSULTANCY LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing Balance Method
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Offiice Equipment
£
Cost
At 1 April 2022 4,540
At 31 March 2023 4,540
Depreciation
At 1 April 2022 1,984
Charge for the year 256
At 31 March 2023 2,240
Net book value
At 31 March 2023 2,300
At 31 March 2022 2,556
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,413 1,413
5 Creditors: amounts falling due after one year 2023 2022
£ £
Director's loan account 4,630 4,468
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