IRIS Accounts Production v24.1.0.578 08184183 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure081841832022-08-31081841832023-08-31081841832022-09-012023-08-31081841832021-08-31081841832021-09-012022-08-31081841832022-08-3108184183ns16:EnglandWales2022-09-012023-08-3108184183ns15:PoundSterling2022-09-012023-08-3108184183ns11:Director12022-09-012023-08-3108184183ns11:PrivateLimitedCompanyLtd2022-09-012023-08-3108184183ns11:SmallEntities2022-09-012023-08-3108184183ns11:AuditExempt-NoAccountantsReport2022-09-012023-08-3108184183ns11:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3108184183ns11:SmallCompaniesRegimeForAccounts2022-09-012023-08-3108184183ns11:FullAccounts2022-09-012023-08-3108184183ns11:RegisteredOffice2022-09-012023-08-3108184183ns6:CurrentFinancialInstruments2023-08-3108184183ns6:CurrentFinancialInstruments2022-08-3108184183ns6:ShareCapital2023-08-3108184183ns6:ShareCapital2022-08-3108184183ns6:RetainedEarningsAccumulatedLosses2023-08-3108184183ns6:RetainedEarningsAccumulatedLosses2022-08-3108184183ns6:PlantMachinery2022-09-012023-08-3108184183ns6:PlantMachinery2022-08-3108184183ns6:PlantMachinery2023-08-3108184183ns6:PlantMachinery2022-08-3108184183ns6:WithinOneYearns6:CurrentFinancialInstruments2023-08-3108184183ns6:WithinOneYearns6:CurrentFinancialInstruments2022-08-31
REGISTERED NUMBER: 08184183 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Rees Sports Limited

Rees Sports Limited (Registered number: 08184183)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rees Sports Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: T M Rees





REGISTERED OFFICE: 16 Springwater Close
Harwood
Bolton
Lancashire
BL2 4NT





REGISTERED NUMBER: 08184183 (England and Wales)





ACCOUNTANTS: Haywoods
Kevan Pilling House
1 Myrtle Street
Bolton
Lancashire
BL1 3AH

Rees Sports Limited (Registered number: 08184183)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,850 2,418

CURRENT ASSETS
Debtors 5 8,195 12,165
Cash at bank and in hand 72,318 21,785
80,513 33,950
CREDITORS
Amounts falling due within one year 6 31,724 30,809
NET CURRENT ASSETS 48,789 3,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,639

5,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,539 5,459
50,639 5,559

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

The financial statements were approved by the director and authorised for issue on 9 April 2024 and were signed by:





T M Rees - Director


Rees Sports Limited (Registered number: 08184183)

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

1. STATUTORY INFORMATION

Rees Sports 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.

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 etc - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Rees Sports Limited (Registered number: 08184183)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 5,719
Additions 541
At 31 August 2023 6,260
DEPRECIATION
At 1 September 2022 3,301
Charge for year 1,109
At 31 August 2023 4,410
NET BOOK VALUE
At 31 August 2023 1,850
At 31 August 2022 2,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,063 11,275
Other debtors 2,132 890
8,195 12,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 172 -
Taxation and social security 30,661 29,509
Other creditors 891 1,300
31,724 30,809