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Company Registration No. 03664235 (England and Wales)
REID OFFICE SUPPLIES LIMITED Unaudited accounts for the year ended 31 May 2023
REID OFFICE SUPPLIES LIMITED Unaudited accounts Contents
Page
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REID OFFICE SUPPLIES LIMITED Company Information for the year ended 31 May 2023
Directors
Mr T.N. Reid Mrs L.J. Reid
Secretary
Mrs L.J. Reid
Company Number
03664235 (England and Wales)
Registered Office
2 Rhododendron Close Ascot Berkshire SL5 8PL England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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REID OFFICE SUPPLIES LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
381 
1,884 
Investment property
145,000 
145,000 
Investments
150 
150 
145,531 
147,034 
Current assets
Debtors
896 
1,438 
Cash at bank and in hand
4,058 
2,748 
4,954 
4,186 
Creditors: amounts falling due within one year
(10,060)
(7,893)
Net current liabilities
(5,106)
(3,707)
Total assets less current liabilities
140,425 
143,327 
Creditors: amounts falling due after more than one year
(11,361)
(14,131)
Net assets
129,064 
129,196 
Capital and reserves
Called up share capital
80 
80 
Revaluation reserve
31,850 
31,850 
Capital redemption reserve
20 
20 
Profit and loss account
97,114 
97,246 
Shareholders' funds
129,064 
129,196 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
Mr T.N. Reid Director Company Registration No. 03664235
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REID OFFICE SUPPLIES LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
REID OFFICE SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03664235. The registered office is 2 Rhododendron Close, Ascot, Berkshire, SL5 8PL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
25% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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REID OFFICE SUPPLIES LIMITED Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
7,012 
12,451 
19,463 
Disposals
- 
(12,451)
(12,451)
At 31 May 2023
7,012 
- 
7,012 
Depreciation
At 1 June 2022
6,157 
11,422 
17,579 
Charge for the year
474 
- 
474 
On disposals
- 
(11,422)
(11,422)
At 31 May 2023
6,631 
- 
6,631 
Net book value
At 31 May 2023
381 
- 
381 
At 31 May 2022
855 
1,029 
1,884 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
145,000 
At 31 May 2023
145,000 
The directors have assessed the freehold property fair value at £145,000. The company ceased trading from the property on 1 March 2019, subsequently the property has been retained as an investment property.
6
Investments
Other investments 
£ 
Valuation at 1 June 2022
150 
Valuation at 31 May 2023
150 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
579 
1,164 
Accrued income and prepayments
231 
190 
Other debtors
86 
84 
896 
1,438 
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REID OFFICE SUPPLIES LIMITED Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
956 
Other creditors
3,000 
3,000 
Loans from directors
3,066 
3,008 
Accruals
3,994 
929 
10,060 
7,893 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
11,361 
14,131 
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(579)
(929)
Tax losses carried forward
- 
(235)
(579)
(1,164)
2023 
2022 
£ 
£ 
Provision at start of year
(1,164)
(1,028)
Charged/(credited) to the profit and loss account
585 
(136)
Provision at end of year
(579)
(1,164)
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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