Company Registration No. 04377192 (England and Wales)
REACTIVATE COMMUNICATIONS LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
REACTIVATE COMMUNICATIONS LTD
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
226
451
Current assets
Debtors
4
7,388
5,000
Cash at bank and in hand
2
7,390
5,000
Creditors: amounts falling due within one year
5
(8,544)
(9,111)
Net current liabilities
(1,154)
(4,111)
Total assets less current liabilities
(928)
(3,660)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(930)
(3,662)
Total equity
(928)
(3,660)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
REACTIVATE COMMUNICATIONS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
2
The financial statements were approved and signed by the director and authorised for issue on 13 March 2024
K Otto
Director
Company Registration No. 04377192
REACTIVATE COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
3
1
Accounting policies
Company information
Reactivate Communications Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company is reliant on the continued financial support of the director. The director has indicated that she will continue to support the company and therefore considers it appropriate to adopt the going concern basis of accounting.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% straight line
1.5
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
REACTIVATE COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies (Continued)
4
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
REACTIVATE COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 and 31 August 2023
676
Depreciation and impairment
At 1 September 2022
225
Depreciation charged in the year
225
At 31 August 2023
450
Carrying amount
At 31 August 2023
226
At 31 August 2022
451
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
7,388
5,000
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7
Trade creditors
1,003
1,630
Taxation and social security
1,401
81
Other creditors
6,140
7,393
8,544
9,111
REACTIVATE COMMUNICATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
6
6
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
2 ordinary shares of £1 each
2
2
7
Related party transactions
During the year the director was advanced £6,483 (2022: £5,000) from the company and repaid £5,000 (2022: £nil). No interest was charged. At the balance sheet date the balance owed by the director to the company was £6,483 (2022: £5,000).