1 December 2022 false No description of principal activity Taxfiler 2024.1 NI061733business:PrivateLimitedCompanyLtd2022-12-012023-11-30 NI0617332022-11-30 NI0617332022-12-012023-11-30 NI061733business:AuditExemptWithAccountantsReport2022-12-012023-11-30 NI061733business:FilletedAccounts2022-12-012023-11-30 NI0617332023-11-30 NI061733business:Director12022-12-012023-11-30 NI061733business:Director22022-12-012023-11-30 NI061733business:RegisteredOffice2022-12-012023-11-30 NI0617332022-11-30 NI061733core:WithinOneYear2023-11-30 NI061733core:WithinOneYear2022-11-30 NI061733core:AfterOneYear2023-11-30 NI061733core:AfterOneYear2022-11-30 NI061733core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 NI061733core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 NI061733core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 NI061733core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 NI061733core:PreviouslyStatedAmount2023-11-30 NI061733core:PreviouslyStatedAmount2022-11-30 NI061733business:SmallEntities2022-12-012023-11-30 NI061733countries:NorthernIreland2022-12-012023-11-30 NI061733core:PlantMachinery2022-12-012023-11-30 NI061733core:MotorVehicles2022-12-012023-11-30 NI061733core:PlantMachinery2022-11-30 NI061733core:MotorVehicles2022-11-30 NI061733core:FurnitureFittings2022-11-30 NI061733core:FurnitureFittings2022-12-012023-11-30 NI061733core:PlantMachinery2023-11-30 NI061733core:MotorVehicles2023-11-30 NI061733core:FurnitureFittings2023-11-30 NI0617332021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. NI061733 (Northern Ireland)
Ream Limited Unaudited accounts for the year ended 30 November 2023
Ream Limited Unaudited accounts Contents
Page
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Ream Limited Company Information for the year ended 30 November 2023
Directors
Oranuch Quinn Ryan Quinn
Company Number
NI061733 (Northern Ireland)
Registered Office
Unit 12 Carrowreagh Business Park Dundonald Belfast BT16 1QQ Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Ream Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
82,104 
46,297 
Current assets
Debtors
101,689 
93,836 
Cash at bank and in hand
72,955 
39,194 
174,644 
133,030 
Creditors: amounts falling due within one year
(135,095)
(97,876)
Net current assets
39,549 
35,154 
Total assets less current liabilities
121,653 
81,451 
Creditors: amounts falling due after more than one year
(16,769)
(26,867)
Net assets
104,884 
54,584 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
104,882 
54,582 
Shareholders' funds
104,884 
54,584 
For the year ending 30 November 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 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 19 April 2024 and were signed on its behalf by
Ryan Quinn Director Company Registration No. NI061733
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Ream Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Ream Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI061733. The registered office is Unit 12 Carrowreagh Business Park, Dundonald, Belfast, BT16 1QQ, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Ream Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
181,881 
62,940 
- 
244,821 
Additions
47,783 
- 
3,447 
51,230 
At 30 November 2023
229,664 
62,940 
3,447 
296,051 
Depreciation
At 1 December 2022
167,494 
31,030 
- 
198,524 
Charge for the year
7,370 
7,977 
76 
15,423 
At 30 November 2023
174,864 
39,007 
76 
213,947 
Net book value
At 30 November 2023
54,800 
23,933 
3,371 
82,104 
At 30 November 2022
14,387 
31,910 
- 
46,297 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,029 
81,167 
Other debtors
32,660 
12,669 
101,689 
93,836 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,854 
9,611 
VAT
1,674 
10,265 
Trade creditors
96,979 
64,096 
Taxes and social security
24,403 
11,367 
Other creditors
208 
298 
Accruals
1,977 
2,239 
135,095 
97,876 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,769 
26,867 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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