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REGISTERED NUMBER: 12290839 (England and Wales)














Financial Statements for the Year Ended 30 October 2022

for

Reed Nation Ltd

Reed Nation Ltd (Registered number: 12290839)






Contents of the Financial Statements
for the Year Ended 30 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Reed Nation Ltd

Company Information
for the Year Ended 30 October 2022







DIRECTOR: Ms S Reed





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 12290839 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Reed Nation Ltd (Registered number: 12290839)

Statement of Financial Position
30 October 2022

30.10.22 30.10.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,920 7,380
Tangible assets 5 2,498 3,044
7,418 10,424

CURRENT ASSETS
Debtors 6 33,430 26,899
Cash at bank 159 33,097
33,589 59,996
CREDITORS
Amounts falling due within one year 7 40,293 40,797
NET CURRENT (LIABILITIES)/ASSETS (6,704 ) 19,199
TOTAL ASSETS LESS CURRENT LIABILITIES 714 29,623

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 614 29,523
SHAREHOLDERS' FUNDS 714 29,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:



Ms S Reed - Director


Reed Nation Ltd (Registered number: 12290839)

Notes to the Financial Statements
for the Year Ended 30 October 2022

1. STATUTORY INFORMATION

Reed Nation Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Reed Nation Ltd (Registered number: 12290839)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 October 2021
and 30 October 2022 12,300
AMORTISATION
At 31 October 2021 4,920
Charge for year 2,460
At 30 October 2022 7,380
NET BOOK VALUE
At 30 October 2022 4,920
At 30 October 2021 7,380

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 October 2021
and 30 October 2022 3,722
DEPRECIATION
At 31 October 2021 678
Charge for year 546
At 30 October 2022 1,224
NET BOOK VALUE
At 30 October 2022 2,498
At 30 October 2021 3,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.22 30.10.21
£    £   
Trade debtors 14,116 26,899
Other debtors 19,314 -
33,430 26,899

Reed Nation Ltd (Registered number: 12290839)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.22 30.10.21
£    £   
Taxation and social security 38,493 38,992
Other creditors 1,800 1,805
40,293 40,797

8. RELATED PARTY DISCLOSURES

The Director Ms S Reed is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Reed Nation Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reed Nation Ltd for the year ended 30 October 2022 which comprise the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Reed Nation Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reed Nation Ltd and state those matters that we have agreed to state to the director of Reed Nation Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reed Nation Ltd and its director for our work or for this report.

It is your duty to ensure that Reed Nation Ltd 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 Reed Nation Ltd. You consider that Reed Nation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reed Nation Ltd. 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.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................