Registered number
09191010
REJA Associates Limited
Filleted Accounts
31 July 2023
REJA Associates Limited
Registered number: 09191010
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 344 132
Current assets
Debtors 4 17,495 27,191
Cash at bank and in hand 6,313 13,917
23,808 41,108
Creditors: amounts falling due within one year 5 (6,643) (12,360)
Net current assets 17,165 28,748
Total assets less current liabilities 17,509 28,880
Creditors: amounts falling due after more than one year 6 (2,933) (4,533)
Provisions for liabilities (65) (24)
Net assets 14,511 24,323
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,411 24,223
Shareholders' funds 14,511 24,323
The director is 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 director acknowledges his 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.
R Adams
Director
Approved by the board on 8 February 2024
REJA Associates 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 rendering of services. 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 time incurred for work performed to date to the total estimated contract time.
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 3 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 4,783
Additions 515
At 31 July 2023 5,298
Depreciation
At 1 August 2022 4,651
Charge for the year 303
At 31 July 2023 4,954
Net book value
At 31 July 2023 344
At 31 July 2022 132
4 Debtors 2023 2022
£ £
Trade debtors - 5,605
Director's loan account 17,495 21,586
17,495 27,191
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,600 1,600
Trade creditors - 682
Taxation and social security costs 4,361 10,078
Other creditors 682 -
6,643 12,360
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,933 4,533
7 Other information
REJA Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 The Wern
Lechlade
GL7 3FF
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