IRIS Accounts Production v23.2.0.158 07731265 Board of Directors 1.7.22 30.6.23 30.6.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077312652022-06-30077312652023-06-30077312652022-07-012023-06-30077312652021-06-30077312652021-07-012022-06-30077312652022-06-3007731265ns10:Originalns15:EnglandWales2022-07-012023-06-3007731265ns14:PoundSterlingns10:Original2022-07-012023-06-3007731265ns10:Originalns10:Director12022-07-012023-06-3007731265ns10:Original2022-07-012023-06-3007731265ns10:Original2023-06-3007731265ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3007731265ns10:Originalns10:SmallEntities2022-07-012023-06-3007731265ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3007731265ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3007731265ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3007731265ns10:Originalns10:FullAccounts2022-07-012023-06-3007731265ns10:Originalns10:Director22022-07-012023-06-3007731265ns10:Originalns10:Director32022-07-012023-06-3007731265ns10:Originalns10:RegisteredOffice2022-07-012023-06-3007731265ns10:Original2022-06-3007731265ns10:Originalns5:CurrentFinancialInstruments2023-06-3007731265ns10:Originalns5:CurrentFinancialInstruments2022-06-3007731265ns10:Originalns5:Non-currentFinancialInstruments2023-06-3007731265ns10:Originalns5:Non-currentFinancialInstruments2022-06-3007731265ns5:ShareCapitalns10:Original2023-06-3007731265ns5:ShareCapitalns10:Original2022-06-3007731265ns10:Originalns5:CapitalRedemptionReserve2023-06-3007731265ns10:Originalns5:CapitalRedemptionReserve2022-06-3007731265ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3007731265ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3007731265ns10:Originalns5:PlantMachinery2022-07-012023-06-3007731265ns10:Originalns5:FurnitureFittings2022-07-012023-06-3007731265ns10:Originalns5:ComputerEquipment2022-07-012023-06-3007731265ns10:Original2021-07-012022-06-3007731265ns10:Originalns5:PlantMachinery2022-06-3007731265ns10:Originalns5:FurnitureFittings2022-06-3007731265ns10:Originalns5:ComputerEquipment2022-06-3007731265ns10:Original2022-06-3007731265ns10:Originalns5:PlantMachinery2023-06-3007731265ns10:Originalns5:FurnitureFittings2023-06-3007731265ns10:Originalns5:ComputerEquipment2023-06-3007731265ns10:Originalns5:PlantMachinery2022-06-3007731265ns10:Originalns5:FurnitureFittings2022-06-3007731265ns10:Originalns5:ComputerEquipment2022-06-3007731265ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3007731265ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3007731265ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3007731265ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3007731265ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3007731265ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-30
REGISTERED NUMBER: 07731265 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

REKAN LIMITED

REKAN LIMITED (REGISTERED NUMBER: 07731265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

REKAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr J A Everton
Mr N A Riley
Mr T D Prow





REGISTERED OFFICE: Morelands Court
Hensting Lane
Fisher's Pond
Winchester
Hampshire
SO50 7HH





REGISTERED NUMBER: 07731265 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

REKAN LIMITED (REGISTERED NUMBER: 07731265)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,895 2,391

CURRENT ASSETS
Debtors 5 286,180 151,652
Cash at bank and in hand 288,701 188,487
574,881 340,139
CREDITORS
Amounts falling due within one year 6 270,629 173,226
NET CURRENT ASSETS 304,252 166,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,147

169,304

CREDITORS
Amounts falling due after more than one
year

7

19,821

29,852
NET ASSETS 297,326 139,452

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 64 64
Retained earnings 297,162 139,288
SHAREHOLDERS' FUNDS 297,326 139,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





Mr N A Riley - Director


REKAN LIMITED (REGISTERED NUMBER: 07731265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Rekan 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.

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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent company as the company is a wholly owned subsidiary within the group.

REVENUE RECOGNITION
Turnover is the amount derived from the services invoiced for construction management, stated net of VAT and recognised upon invoicing the customer..

Revenue is recognised when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are held for the company's own use and stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

TAXATION
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

SHORT-TERM DEBTORS AND CREDITORS
Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

LEASING COMMITMENTS
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight-line basis over the period of the lease.

REKAN LIMITED (REGISTERED NUMBER: 07731265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 488 5,923 17,232 23,643
Additions 15,500 - - 15,500
At 30 June 2023 15,988 5,923 17,232 39,143
DEPRECIATION
At 1 July 2022 488 4,988 15,776 21,252
Charge for year 3,100 664 1,232 4,996
At 30 June 2023 3,588 5,652 17,008 26,248
NET BOOK VALUE
At 30 June 2023 12,400 271 224 12,895
At 30 June 2022 - 935 1,456 2,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,122 109,705
Other debtors 12,629 6,477
Directors' current accounts 2,748 -
Prepayments 44,681 35,470
286,180 151,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,031 9,822
Trade creditors 51,913 57,694
Tax 50,831 3,493
Social security and other taxes 23,495 -
VAT 55,669 37,948
Other creditors 7,758 10,922
Directors' current accounts 46,694 46,029
Accrued expenses 24,238 7,318
270,629 173,226

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,245 10,031
Bank loans - 2-5 years 9,576 19,821
19,821 29,852

REKAN LIMITED (REGISTERED NUMBER: 07731265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CAPITAL COMMITMENTS

There is fixed and floating charge over all the company's assets and undertakings as security for a loan from the parent company to a director of the company.

9. OTHER PENSION COMMITMENTS

The company operates a defined contribution pension scheme, the assets of which are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,892 were due to the pension fund. They are included in other creditors.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review a loan in the sum of £3,000 was advanced to one director. By the end of the year, amounts totalling £252 had been repaid toward the loan. The loan unsecured and repayable upon demand, with interest being charged throughout its duration. At the end of the year, a sum of £2,748 remained outstanding.

11. ULTIMATE CONTROLLING PARTY

At the balance sheet date the company is under the control of Rekan Group Limited, a company incorporated in the United Kingdom, whose registered office is 1st Floor, Chilworth Point, 1 Chilworth Road, Southampton, SO16 7JQ.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REKAN 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 Rekan Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rekan 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 Rekan Limited and state those matters that we have agreed to state to the Board of Directors of Rekan Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rekan Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rekan 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 Rekan Limited. You consider that Rekan 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 Rekan 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.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


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