2022-08-012023-07-312023-07-31false10890609REID & CO CONSTRUCTION LTD2024-04-1641202iso4217:GBPxbrli:pure108906092022-08-01108906092023-07-31108906092022-08-012023-07-31108906092021-08-01108906092022-07-31108906092021-08-012022-07-3110890609bus:SmallEntities2022-08-012023-07-3110890609bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3110890609bus:FullAccounts2022-08-012023-07-3110890609bus:PrivateLimitedCompanyLtd2022-08-012023-07-3110890609core:WithinOneYear2023-07-3110890609core:AfterOneYear2023-07-3110890609core:WithinOneYear2022-07-3110890609core:AfterOneYear2022-07-3110890609core:ShareCapital2023-07-3110890609core:SharePremium2023-07-3110890609core:RevaluationReserve2023-07-3110890609core:OtherReservesSubtotal2023-07-3110890609core:RetainedEarningsAccumulatedLosses2023-07-3110890609core:ShareCapital2022-07-3110890609core:SharePremium2022-07-3110890609core:RevaluationReserve2022-07-3110890609core:OtherReservesSubtotal2022-07-3110890609core:RetainedEarningsAccumulatedLosses2022-07-3110890609core:LandBuildings2023-07-3110890609core:PlantMachinery2023-07-3110890609core:Vehicles2023-07-3110890609core:FurnitureFittings2023-07-3110890609core:OfficeEquipment2023-07-3110890609core:NetGoodwill2023-07-3110890609core:IntangibleAssetsOtherThanGoodwill2023-07-3110890609core:ListedExchangeTraded2023-07-3110890609core:UnlistedNon-exchangeTraded2023-07-3110890609core:LandBuildings2022-07-3110890609core:PlantMachinery2022-07-3110890609core:Vehicles2022-07-3110890609core:FurnitureFittings2022-07-3110890609core:OfficeEquipment2022-07-3110890609core:NetGoodwill2022-07-3110890609core:IntangibleAssetsOtherThanGoodwill2022-07-3110890609core:ListedExchangeTraded2022-07-3110890609core:UnlistedNon-exchangeTraded2022-07-3110890609core:LandBuildings2022-08-012023-07-3110890609core:PlantMachinery2022-08-012023-07-3110890609core:Vehicles2022-08-012023-07-3110890609core:FurnitureFittings2022-08-012023-07-3110890609core:OfficeEquipment2022-08-012023-07-3110890609core:NetGoodwill2022-08-012023-07-3110890609core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3110890609core:ListedExchangeTraded2022-08-012023-07-3110890609core:UnlistedNon-exchangeTraded2022-08-012023-07-3110890609core:MoreThanFiveYears2022-08-012023-07-3110890609core:Non-currentFinancialInstruments2023-07-3110890609core:Non-currentFinancialInstruments2022-07-3110890609dpl:CostSales2022-08-012023-07-3110890609dpl:DistributionCosts2022-08-012023-07-3110890609core:LandBuildings2022-08-012023-07-3110890609core:PlantMachinery2022-08-012023-07-3110890609core:Vehicles2022-08-012023-07-3110890609core:FurnitureFittings2022-08-012023-07-3110890609core:OfficeEquipment2022-08-012023-07-3110890609dpl:AdministrativeExpenses2022-08-012023-07-3110890609core:NetGoodwill2022-08-012023-07-3110890609core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3110890609dpl:GroupUndertakings2022-08-012023-07-3110890609dpl:ParticipatingInterests2022-08-012023-07-3110890609dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3110890609core:ListedExchangeTraded2022-08-012023-07-3110890609dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3110890609core:UnlistedNon-exchangeTraded2022-08-012023-07-3110890609dpl:CostSales2021-08-012022-07-3110890609dpl:DistributionCosts2021-08-012022-07-3110890609core:LandBuildings2021-08-012022-07-3110890609core:PlantMachinery2021-08-012022-07-3110890609core:Vehicles2021-08-012022-07-3110890609core:FurnitureFittings2021-08-012022-07-3110890609core:OfficeEquipment2021-08-012022-07-3110890609dpl:AdministrativeExpenses2021-08-012022-07-3110890609core:NetGoodwill2021-08-012022-07-3110890609core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3110890609dpl:GroupUndertakings2021-08-012022-07-3110890609dpl:ParticipatingInterests2021-08-012022-07-3110890609dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3110890609core:ListedExchangeTraded2021-08-012022-07-3110890609dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3110890609core:UnlistedNon-exchangeTraded2021-08-012022-07-3110890609core:NetGoodwill2023-07-3110890609core:IntangibleAssetsOtherThanGoodwill2023-07-3110890609core:LandBuildings2023-07-3110890609core:PlantMachinery2023-07-3110890609core:Vehicles2023-07-3110890609core:FurnitureFittings2023-07-3110890609core:OfficeEquipment2023-07-3110890609core:AfterOneYear2023-07-3110890609core:WithinOneYear2023-07-3110890609core:ListedExchangeTraded2023-07-3110890609core:UnlistedNon-exchangeTraded2023-07-3110890609core:ShareCapital2023-07-3110890609core:SharePremium2023-07-3110890609core:RevaluationReserve2023-07-3110890609core:OtherReservesSubtotal2023-07-3110890609core:RetainedEarningsAccumulatedLosses2023-07-3110890609core:NetGoodwill2022-07-3110890609core:IntangibleAssetsOtherThanGoodwill2022-07-3110890609core:LandBuildings2022-07-3110890609core:PlantMachinery2022-07-3110890609core:Vehicles2022-07-3110890609core:FurnitureFittings2022-07-3110890609core:OfficeEquipment2022-07-3110890609core:AfterOneYear2022-07-3110890609core:WithinOneYear2022-07-3110890609core:ListedExc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REID & CO CONSTRUCTION LTD

Registered Number
10890609
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

REID & CO CONSTRUCTION LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

REID, Mark Alan

Registered Address

1 Gemini Court
42a Throwley Way,
Sutton
SM1 4AF

Registered Number

10890609 (England and Wales)
REID & CO CONSTRUCTION LTD
Statement of Financial Position
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4-1,067
-1,067
Current assets
Debtors69,0114,487
Cash at bank and on hand2,40111,497
11,41215,984
Creditors amounts falling due within one year7(6,311)(9,457)
Net current assets (liabilities)5,1016,527
Total assets less current liabilities5,1017,594
Creditors amounts falling due after one year8(5,000)(6,000)
Provisions for liabilities9-(203)
Net assets1011,391
Capital and reserves
Called up share capital100100
Profit and loss account11,291
Shareholders' funds1011,391
The financial statements were approved and authorised for issue by the Director on 16 April 2024, and are signed on its behalf by:
REID, Mark Alan
Director
Registered Company No. 10890609
REID & CO CONSTRUCTION LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
Reid & Co Construction 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.
Statement of compliance
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 policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year11
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 August 224,5004,500
Disposals(4,500)(4,500)
Depreciation and impairment
At 01 August 223,4333,433
On disposals(3,433)(3,433)
Net book value
At 31 July 23--
At 31 July 221,0671,067
5.Stocks
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-1,280
Other debtors8,2962,619
Prepayments and accrued income715588
Total9,0114,487
7.Creditors: amounts due within one year

2023

2022

££
Taxation and social security4,0997,170
Other creditors-264
Accrued liabilities and deferred income2,2122,023
Total6,3119,457
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts5,0006,000
Total5,0006,000
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)-203
Total-203