Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08406420 2022-03-01 2023-02-28 08406420 2021-03-01 2022-02-28 08406420 2023-02-28 08406420 2022-02-28 08406420 c:Director1 2022-03-01 2023-02-28 08406420 d:MotorVehicles 2022-03-01 2023-02-28 08406420 d:MotorVehicles 2023-02-28 08406420 d:MotorVehicles 2022-02-28 08406420 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08406420 d:CurrentFinancialInstruments 2023-02-28 08406420 d:CurrentFinancialInstruments 2022-02-28 08406420 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08406420 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08406420 d:ShareCapital 2023-02-28 08406420 d:ShareCapital 2022-02-28 08406420 d:SharePremium 2023-02-28 08406420 d:SharePremium 2022-02-28 08406420 d:RetainedEarningsAccumulatedLosses 2023-02-28 08406420 d:RetainedEarningsAccumulatedLosses 2022-02-28 08406420 c:OrdinaryShareClass1 2022-03-01 2023-02-28 08406420 c:OrdinaryShareClass1 2023-02-28 08406420 c:OrdinaryShareClass1 2022-02-28 08406420 c:OrdinaryShareClass2 2022-03-01 2023-02-28 08406420 c:OrdinaryShareClass2 2023-02-28 08406420 c:OrdinaryShareClass2 2022-02-28 08406420 c:FRS102 2022-03-01 2023-02-28 08406420 c:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08406420 c:FullAccounts 2022-03-01 2023-02-28 08406420 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08406420 2 2022-03-01 2023-02-28 08406420 e:PoundSterling 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08406420










Reencara Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 28 February 2023

 
Reencara Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Reencara Limited for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reencara Limited for the year ended 28 February 2023 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Reencara Limited, as a body, in accordance with the terms of our engagement letter dated 14 November 2023Our work has been undertaken solely to prepare for your approval the financial statements of Reencara Limited  and state those matters that we have agreed to state to the Board of Directors of Reencara Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reencara Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Reencara 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 Reencara Limited. You consider that Reencara Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Reencara 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.

  



Kreston Reeves LLP
Chartered Accountants
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
28 November 2023
Page 1

 
Reencara Limited
Registered number: 08406420

Balance Sheet
As at 28 February 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
89,435
-

  
89,435
-

Current assets
  

Stocks
  
252,020
1,302,685

Debtors: amounts falling due within one year
 5 
7,512
22,765

Cash at bank and in hand
  
1,739,953
363,147

  
1,999,485
1,688,597

Creditors: amounts falling due within one year
 6 
(157,132)
(16,936)

Net current assets
  
 
 
1,842,353
 
 
1,671,661

Total assets less current liabilities
  
1,931,788
1,671,661

  

Net assets
  
1,931,788
1,671,661


Capital and reserves
  

Called up share capital 
 7 
5
5

Share premium account
  
895,478
895,478

Profit and loss account
  
1,036,305
776,178

  
1,931,788
1,671,661


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.


................................................
C Frew
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Reencara Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

1.


General information

The company is a private company limited by share capital, incorporated in England, within the United Kingdom.
The principal place of business and registered office is One High Street, Egham, TW20 9HJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Reencara Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Straight line basis

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

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
Reencara Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
111,794



At 28 February 2023

111,794



Depreciation


Charge for the year on owned assets
22,359



At 28 February 2023

22,359



Net book value



At 28 February 2023
89,435



At 28 February 2022
-

Page 5

 
Reencara Limited
 

 
Notes to the Financial Statements
For the Year Ended 28 February 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,809
2,015

Other debtors
703
20,750

Prepayments and accrued income
5,000
-

7,512
22,765



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,233
4,897

Corporation tax
20,279
-

Other creditors
-
1,888

Accruals and deferred income
127,620
10,151

157,132
16,936



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary A shares of £0.01 each
2
2
250 (2022 - 300) Ordinary B shares of £0.01 each
3
3

5

5



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £120,000 (2022 - £40,000). 


Page 6