2022-10-01 SC250440 2023-09-30 SC250440 2022-10-01 2023-09-30 SC250440 2022-09-30 SC250440 2021-10-01 2022-09-30 SC250440 uk-core:WithinOneYear 2022-09-30 SC250440 uk-core:WithinOneYear 2023-09-30 SC250440 uk-core:AfterOneYear 2022-09-30 SC250440 uk-core:AfterOneYear 2023-09-30 SC250440 uk-core:ShareCapital 2023-09-30 SC250440 uk-core:ShareCapital 2022-09-30 SC250440 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC250440 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 SC250440 uk-bus:Director1 2022-10-01 2023-09-30 SC250440 uk-bus:Director2 2022-10-01 2023-09-30 SC250440 uk-core:NetGoodwill 2022-10-01 2023-09-30 SC250440 uk-core:PlantMachinery 2022-10-01 2023-09-30 SC250440 uk-core:MotorVehicles 2022-10-01 2023-09-30 SC250440 uk-core:OfficeEquipment 2022-10-01 2023-09-30 SC250440 uk-core:Goodwill 2022-09-30 SC250440 uk-core:Goodwill 2023-09-30 SC250440 uk-core:Goodwill 2022-10-01 2023-09-30 SC250440 uk-core:OfficeEquipment 2022-09-30 SC250440 uk-core:MotorVehicles 2022-09-30 SC250440 uk-core:PlantMachinery 2022-09-30 SC250440 uk-core:PlantMachinery 2023-09-30 SC250440 uk-core:MotorVehicles 2023-09-30 SC250440 uk-core:OfficeEquipment 2023-09-30 SC250440 uk-core:WithinOneYear uk-core:Secured 2023-09-30 SC250440 uk-core:WithinOneYear uk-core:Secured 2022-09-30 iso4217:GBP xbrli:pure SC250440 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC250440 uk-bus:FRS102 2022-10-01 2023-09-30 SC250440 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 SC250440 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
William Ree & Partners Limited
Registered Number:SC250440
For the year ended 30 September 2023
Scotland
Unaudited Financial Statements
2
For the year ended 30 September 2023
William Ree & Partners Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
SC250440
As at 30 September 2023
William Ree & Partners Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
6,000
9,000
2
Property, plant and equipment
38,147
14,196
3
44,147
23,196
Current assets
Inventories
19,200
19,200
4
Trade and other receivables
55,159
33,295
5
22,280
Cash and cash equivalents
28,599
81,094
96,639
Trade and other payables: amounts falling due within one year
(86,084)
(73,344)
6
10,555
7,750
Net current assets
Total assets less current liabilities
51,897
33,751
Trade and other payables: amounts falling due after more than one year
(6,842)
(19,739)
7
32,158
Net assets
26,909
Capital and reserves
Called up share capital
100
100
Retained earnings
32,058
26,809
32,158
26,909
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Chris Cullen Director
Elaine Hamilton Director
These financial statements were approved and authorised for issue by the Board on 05 April 2024 and were signed by:
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4
Registered Number :
SC250440
For the year ended 30 September 2023
William Ree & Partners Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2023
William Ree & Partners Limited
Notes to the Financial Statements
Statutory Information
William Ree & Partners Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC250440.
Registered address:
329A Brook Street
Broughty Ferry
Dundee
DD5 2DS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2003, is being amortised evenly over 10 years commencing in 2016
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Showroom & office equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 September 2023
William Ree & Partners Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2022
30,000
At 30 September 2023
30,000
Amortisation
At 01 October 2022
21,000
3,000
Charge for year
At 30 September 2023
24,000
Net book value
At 30 September 2023
6,000
At 30 September 2022
9,000
3. Property, plant and equipment
Total
Showroom & office
equipment
Motor vehicles
Plant & machinery
£
£
£
£
Cost or valuation
At 01 October 2022
46,072
15,808
28,078
2,186
30,295
-
30,295
-
Additions
-
(3,750)
-
Disposals
(3,750)
At 30 September 2023
2,186
54,623
15,808
72,617
Provision for depreciation and impairment
At 01 October 2022
31,876
12,949
16,835
2,092
Charge for year
5,845
429
5,402
14
(3,251)
-
(3,251)
-
On disposal
At 30 September 2023
34,470
13,378
18,986
2,106
At 30 September 2023
Net book value
80
35,637
2,430
38,147
At 30 September 2022
94
11,243
2,859
14,196
4. Inventories
2022
2023
£
£
Stocks
19,200
19,200
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7
For the year ended 30 September 2023
William Ree & Partners Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
30,690
46,348
Other debtors
2,605
8,811
55,159
33,295
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
7,163
10,648
Trade creditors
46,747
52,992
Taxation and social security
7,691
18,923
Other creditors
11,743
3,521
73,344
86,084
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
6,842
Other creditors
19,739
-
19,739
6,842
8. Average number of persons employed
During the year the average number of employees was 8 (2022 : 8)
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