1 March 2023 false No description of principal activity Taxfiler 2023.15 04673529business:PrivateLimitedCompanyLtd2023-03-012024-02-28 046735292023-02-28 046735292023-03-012024-02-28 04673529business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 04673529business:FilletedAccounts2023-03-012024-02-28 046735292024-02-28 04673529business:Director12023-03-012024-02-28 04673529business:Director22023-03-012024-02-28 04673529business:RegisteredOffice2023-03-012024-02-28 046735292023-02-28 04673529core:WithinOneYear2024-02-28 04673529core:WithinOneYear2023-02-28 04673529core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 04673529core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 04673529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 04673529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 04673529core:PreviouslyStatedAmount2024-02-28 04673529core:PreviouslyStatedAmount2023-02-28 04673529business:SmallEntities2023-03-012024-02-28 04673529countries:EnglandWales2023-03-012024-02-28 04673529core:MotorVehicles2023-03-012024-02-28 04673529core:FurnitureFittings2023-03-012024-02-28 04673529core:MotorVehicles2023-02-28 04673529core:FurnitureFittings2023-02-28 04673529core:MotorVehicles2024-02-28 04673529core:FurnitureFittings2024-02-28 046735292022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 04673529 (England and Wales)
REIDS LIMITED Unaudited accounts for the period from 1 March 2023 to 28 February 2024
REIDS LIMITED Unaudited accounts Contents
Page
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REIDS LIMITED Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Robert Reid Kyle Guyler
Company Number
04673529 (England and Wales)
Registered Office
78 ALFRETON ROAD, CODNOR RIPLEY DERBYSHIRE DE5 9QY
Accountants
Nigel Plant 17 Chancery Close Ripley Derbyshire DE5 3UT
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REIDS LIMITED Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
104,906 
122,775 
Current assets
Inventories
17,124 
21,163 
Debtors
132,565 
77,855 
Cash at bank and in hand
107,961 
133,921 
257,650 
232,939 
Creditors: amounts falling due within one year
(62,118)
(60,989)
Net current assets
195,532 
171,950 
Total assets less current liabilities
300,438 
294,725 
Provisions for liabilities
Deferred tax
(16,178)
(23,326)
Net assets
284,260 
271,399 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
284,259 
271,398 
Shareholders' funds
284,260 
271,399 
For the period ending 28 February 2024 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 29 March 2024 and were signed on its behalf by
Robert Reid Director Company Registration No. 04673529
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REIDS LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
REIDS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04673529. The registered office is 78 ALFRETON ROAD, CODNOR, RIPLEY, DERBYSHIRE, DE5 9QY.
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 period, 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:
Motor vehicles
Straight Line over 5 years
Fixtures & fittings
Straight Line over 5 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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REIDS LIMITED Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
229,109 
144,990 
374,099 
Additions
- 
24,095 
24,095 
Disposals
(35,519)
(20,830)
(56,349)
At 28 February 2024
193,590 
148,255 
341,845 
Depreciation
At 1 March 2023
123,840 
127,484 
251,324 
Charge for the period
32,996 
8,968 
41,964 
On disposals
(35,519)
(20,830)
(56,349)
At 28 February 2024
121,317 
115,622 
236,939 
Net book value
At 28 February 2024
72,273 
32,633 
104,906 
At 28 February 2023
105,269 
17,506 
122,775 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
128,723 
74,082 
Accrued income and prepayments
3,842 
3,773 
132,565 
77,855 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
34,648 
10,624 
Trade creditors
14,757 
25,478 
Taxes and social security
(7)
- 
Other creditors
844 
- 
Loans from directors
11,256 
23,687 
Accruals
620 
1,200 
62,118 
60,989 
7
Average number of employees
During the period the average number of employees was 7 (2023: 6).
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