IRIS Accounts Production v23.3.0.418 SC619988 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC6199882022-03-31SC6199882023-03-31SC6199882022-04-012023-03-31SC6199882021-03-31SC6199882021-04-012022-03-31SC6199882022-03-31SC619988ns16:Scotland2022-04-012023-03-31SC619988ns15:PoundSterling2022-04-012023-03-31SC619988ns11:Director12022-04-012023-03-31SC619988ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC619988ns11:SmallEntities2022-04-012023-03-31SC619988ns11:AuditExemptWithAccountantsReport2022-04-012023-03-31SC619988ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC619988ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC619988ns11:FullAccounts2022-04-012023-03-31SC619988ns11:OrdinaryShareClass12022-04-012023-03-31SC619988ns11:OrdinaryShareClass22022-04-012023-03-31SC619988ns11:Director22022-04-012023-03-31SC619988ns11:RegisteredOffice2022-04-012023-03-31SC619988ns6:CurrentFinancialInstruments2023-03-31SC619988ns6:CurrentFinancialInstruments2022-03-31SC619988ns6:Non-currentFinancialInstruments2023-03-31SC619988ns6:Non-currentFinancialInstruments2022-03-31SC619988ns6:ShareCapital2023-03-31SC619988ns6:ShareCapital2022-03-31SC619988ns6:RetainedEarningsAccumulatedLosses2023-03-31SC619988ns6:RetainedEarningsAccumulatedLosses2022-03-31SC619988ns6:FurnitureFittings2022-04-012023-03-31SC619988ns6:MotorVehicles2022-04-012023-03-31SC619988ns6:ComputerEquipment2022-04-012023-03-31SC619988ns6:FurnitureFittings2022-03-31SC619988ns6:MotorVehicles2022-03-31SC619988ns6:ComputerEquipment2022-03-31SC619988ns6:FurnitureFittings2023-03-31SC619988ns6:MotorVehicles2023-03-31SC619988ns6:ComputerEquipment2023-03-31SC619988ns6:FurnitureFittings2022-03-31SC619988ns6:MotorVehicles2022-03-31SC619988ns6:ComputerEquipment2022-03-31SC619988ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC619988ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC619988ns11:OrdinaryShareClass12023-03-31SC619988ns11:OrdinaryShareClass22023-03-31SC61998822022-04-012023-03-31
REGISTERED NUMBER: SC619988 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Reynolds Architecture Limited

Reynolds Architecture Limited (Registered number: SC619988)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Reynolds Architecture Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: W J Reynolds
G Ross





REGISTERED OFFICE: 1 Tulloch Street
Dingwall
Ross-shire
IV15 9JY





REGISTERED NUMBER: SC619988 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Reynolds Architecture Limited (Registered number: SC619988)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,269 52,553

CURRENT ASSETS
Debtors 5 101,179 96,657
Cash at bank 174,993 150,379
276,172 247,036
CREDITORS
Amounts falling due within one year 6 90,654 72,603
NET CURRENT ASSETS 185,518 174,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,787

226,986

CREDITORS
Amounts falling due after more than one
year

7

(16,296

)

(20,952

)

PROVISIONS FOR LIABILITIES (7,967 ) (9,985 )
NET ASSETS 202,524 196,049

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 202,424 195,949
SHAREHOLDERS' FUNDS 202,524 196,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Reynolds Architecture Limited (Registered number: SC619988)

Balance Sheet - continued
31 March 2023


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 24 October 2023 and were signed on its behalf by:





W J Reynolds - Director


Reynolds Architecture Limited (Registered number: SC619988)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Reynolds Architecture Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 4 (2022 - 4 ) .

Reynolds Architecture Limited (Registered number: SC619988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,283 52,090 8,113 62,486
Additions - - 2,203 2,203
At 31 March 2023 2,283 52,090 10,316 64,689
DEPRECIATION
At 1 April 2022 257 7,596 2,080 9,933
Charge for year - 11,124 2,363 13,487
At 31 March 2023 257 18,720 4,443 23,420
NET BOOK VALUE
At 31 March 2023 2,026 33,370 5,873 41,269
At 31 March 2022 2,026 44,494 6,033 52,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,352 86,032
Amounts owed by group undertakings - 1,600
Other debtors 8,827 9,025
101,179 96,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 375 -
Taxation and social security 73,513 57,963
Other creditors 16,766 14,640
90,654 72,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 16,296 20,952

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 2,328

Reynolds Architecture Limited (Registered number: SC619988)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

9. RELATED PARTY DISCLOSURES

During the year the company paid rent of £12,000 to GABS Property Limited, a company in which W J Reynolds is a director and shareholder.

During the year the company paid management charges of £100,000 to RAL 7016 Limited, a company in which W J Reynolds is a director. Included within Creditors is £375 due to RAL 7016 Limited.

10. ULTIMATE CONTROLLING PARTY

The controlling party is RAL 7016 Limited. RAL 7016 Limited holds 80% of the shares in Reynolds Architecture Limited.

11. GOVERNMENT GRANT FUNDING

During the year the company received Government funding from the Coronavirus Job Retention Scheme (CJRS) of £nil (2022: £300).

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Reynolds Architecture 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reynolds Architecture Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Reynolds Architecture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reynolds Architecture Limited and state those matters that we have agreed to state to the Board of Directors of Reynolds Architecture Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reynolds Architecture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reynolds Architecture Limited. You consider that Reynolds Architecture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reynolds Architecture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


3 November 2023