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REGISTERED NUMBER: 02783141 (England and Wales)












REASONCLEVER COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 30 JANUARY 2023






REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

REASONCLEVER COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023







DIRECTOR: B S James



SECRETARY: B S James



REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor, Cardigan House
Castle Court, Swansea Enterprise Park
Swansea
SA7 9LA



REGISTERED NUMBER: 02783141 (England and Wales)



ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA



BANKERS: HSBC Bank Plc
4A Vaughan Street
Llanelli
SA15 3TY

REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)

BALANCE SHEET
30 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204,658 208,146

CURRENT ASSETS
Cash at bank and in hand 23,417 118

CREDITORS
Amounts falling due within one year 5 230,953 238,254
NET CURRENT LIABILITIES (207,536 ) (238,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,878

)

(29,990

)

CREDITORS
Amounts falling due after more than one
year

6

(13,301

)

-

PROVISIONS FOR LIABILITIES (23 ) -
NET LIABILITIES (16,202 ) (29,990 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,302 ) (30,090 )
SHAREHOLDERS' FUNDS (16,202 ) (29,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)

BALANCE SHEET - continued
30 JANUARY 2023



The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





B S James - Director


REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

1. STATUTORY INFORMATION

Reasonclever Company Limited 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.

Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 6.67% on cost
Plant and Machinery - 20% reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost

Investment Property
Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of comprehensive income.

Investment properties are derecognised when either they have been disposed of or when the
investment property is permanently withdrawn from use and no future economic benefit is expected
from its disposal.

No rental income was received from the investment property during the first year of acquiring.

Taxation
Taxation for the period 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 period 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.

REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Functional and Presentation Currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company for a period of 12 months from the date of these financial statements. This support will be reviewed at that time.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Investment Short Plant and
Property leasehold Machinery
£    £    £   
COST
At 1 February 2022
and 30 January 2023 187,399 53,244 44,646
DEPRECIATION
At 1 February 2022 - 33,259 43,884
Charge for period - 3,335 153
At 30 January 2023 - 36,594 44,037
NET BOOK VALUE
At 30 January 2023 187,399 16,650 609
At 31 January 2022 187,399 19,985 762

REASONCLEVER COMPANY LIMITED (REGISTERED NUMBER: 02783141)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022
and 30 January 2023 30,370 8,250 323,909
DEPRECIATION
At 1 February 2022 30,370 8,250 115,763
Charge for period - - 3,488
At 30 January 2023 30,370 8,250 119,251
NET BOOK VALUE
At 30 January 2023 - - 204,658
At 31 January 2022 - - 208,146

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,859 28
Tax 5,250 1,114
Other creditors 61,342 40,709
Directors' loan accounts 138,163 194,066
Accrued expenses 22,339 2,337
230,953 238,254

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,859 -
Bank loans - 2-5 years 9,442 -
13,301 -

7. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £61,342 (2022: £40,709) which is owed to the company by BJ's 2010 Limited, a company of which Mr B James is also a director.

Included in other creditors is an amount of £138,163 (2022 :£194,066) owing to the director. This amount is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REASONCLEVER COMPANY LIMITED

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 Balance Sheet. 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 Reasonclever Company Limited for the period ended 30 January 2023 which comprise the Income Statement, Balance Sheet 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 Reasonclever Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reasonclever Company Limited and state those matters that we have agreed to state to the director of Reasonclever Company Limited 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 Reasonclever Company Limited and its director for our work or for this report.

It is your duty to ensure that Reasonclever Company Limited 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 Reasonclever Company Limited. You consider that Reasonclever Company Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Reasonclever Company Limited. 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.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


19 January 2024