Company Registration No. 04673529 (England and Wales)
REIDS LIMITED
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
REIDS LIMITED
Unaudited accounts
Contents
REIDS LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024
Directors
Robert Reid
Kyle Guyler
Company Number
04673529 (England and Wales)
Registered Office
78 ALFRETON ROAD, CODNOR
RIPLEY
DERBYSHIRE
DE5 9QY
Accountants
Nigel Plant
17 Chancery Close
Ripley
Derbyshire
DE5 3UT
REIDS LIMITED
Statement of financial position
as at 28 February 2024
Tangible assets
104,906
122,775
Cash at bank and in hand
107,961
133,921
Creditors: amounts falling due within one year
(62,118)
(60,989)
Net current assets
195,532
171,950
Total assets less current liabilities
300,438
294,725
Provisions for liabilities
Deferred tax
(16,178)
(23,326)
Net assets
284,260
271,399
Called up share capital
1
1
Profit and loss account
284,259
271,398
Shareholders' funds
284,260
271,399
For the period ending 28 February 2024 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 29 March 2024 and were signed on its behalf by
Robert Reid
Director
Company Registration No. 04673529
REIDS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
REIDS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04673529. The registered office is 78 ALFRETON ROAD, CODNOR, RIPLEY, DERBYSHIRE, DE5 9QY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
Straight Line over 5 years
Fixtures & fittings
Straight Line over 5 years
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.
REIDS LIMITED
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
229,109
144,990
374,099
Disposals
(35,519)
(20,830)
(56,349)
At 28 February 2024
193,590
148,255
341,845
At 1 March 2023
123,840
127,484
251,324
Charge for the period
32,996
8,968
41,964
On disposals
(35,519)
(20,830)
(56,349)
At 28 February 2024
121,317
115,622
236,939
At 28 February 2024
72,273
32,633
104,906
At 28 February 2023
105,269
17,506
122,775
Amounts falling due within one year
Trade debtors
128,723
74,082
Accrued income and prepayments
3,842
3,773
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,757
25,478
Taxes and social security
(7)
-
Loans from directors
11,256
23,687
7
Average number of employees
During the period the average number of employees was 7 (2023: 6).