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REGISTERED NUMBER: 08955989 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

N. Reynolds Ltd

N. Reynolds Ltd (Registered number: 08955989)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


N. Reynolds Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N Reynolds
Mrs J Reynolds





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 08955989 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

N. Reynolds Ltd (Registered number: 08955989)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,050 2,100
Tangible assets 5 2,101 2,203
3,151 4,303

CURRENT ASSETS
Debtors 11,050 12,237
Cash at bank 8,203 7,314
19,253 19,551
CREDITORS
Amounts falling due within one year 16,716 17,353
NET CURRENT ASSETS 2,537 2,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,688

6,501

PROVISIONS FOR LIABILITIES 6 201 176
NET ASSETS 5,487 6,325

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 5,287 6,125
SHAREHOLDERS' FUNDS 5,487 6,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

N. Reynolds Ltd (Registered number: 08955989)

Abridged Balance Sheet - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





N Reynolds - Director


N. Reynolds Ltd (Registered number: 08955989)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

N. Reynolds 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 2014, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

N. Reynolds Ltd (Registered number: 08955989)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 10,500
AMORTISATION
At 1 April 2022 8,400
Amortisation for year 1,050
At 31 March 2023 9,450
NET BOOK VALUE

At 31 March 2023 1,050
At 31 March 2022 2,100

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 8,122
Additions 453
At 31 March 2023 8,575
DEPRECIATION
At 1 April 2022 5,919
Charge for year 555
At 31 March 2023 6,474
NET BOOK VALUE
At 31 March 2023 2,101
At 31 March 2022 2,203

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 201 176

N. Reynolds Ltd (Registered number: 08955989)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 176
Provided during year 25
Balance at 31 March 2023 201

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100
100 "A" £1 100 100
200 200

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Reynolds.