Registered number
03799185
Reflex Technologies Limited
Filleted Accounts
31 July 2023
Reflex Technologies Limited
Company Information
Directors
J N Trapp
Mrs C Trapp
Mrs R M Payne
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Unit 5
Highfield Business Park
Tewkesbury Road
Deerhurst
Glos
Registered number
03799185
Reflex Technologies Limited
Registered number: 03799185
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 - 85
Creditors: amounts falling due within one year 5 (9,273) (7,487)
Net current liabilities (9,273) (7,402)
Total assets less current liabilities (9,273) (7,402)
Creditors: amounts falling due after more than one year 6 (22,247) (18,161)
Net liabilities (31,520) (25,563)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,620) (25,663)
Shareholders' funds (31,520) (25,563)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J N Trapp
Director
Approved by the board on 30 April 2024
Reflex Technologies Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Over 4 years
Office equipment Over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery Office equipment Total
£ £ £
Cost
At 1 August 2022 128,244 4,769 133,013
At 31 July 2023 128,244 4,769 133,013
Depreciation
At 1 August 2022 128,244 4,769 133,013
At 31 July 2023 128,244 4,769 133,013
Net book value
At 31 July 2023 - - -
4 Debtors 2023 2022
£ £
Trade debtors - 85
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,706 1,505
Trade creditors 1,202 549
Other taxes and social security costs 3,611 3,933
Other creditors 1,754 1,500
9,273 7,487
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,611 11,805
Directors loan account 13,636 6,356
22,247 18,161
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 5,510 5,510
8 Controlling party
The company is controlled by Mr J N and Mrs C Trapp.
9 Other information
Reflex Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5
Highfield Business Park
Tewkesbury Road
Deerhurst
Glos
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