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REGISTERED NUMBER: 06347599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

REYNOLDS & GREENWOOD LIMITED

REYNOLDS & GREENWOOD LIMITED (REGISTERED NUMBER: 06347599)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


REYNOLDS & GREENWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: JT Reynolds
DR Greenwood





SECRETARY: JT Reynolds





REGISTERED OFFICE: Fourth Floor St James House,
St. James Square
Cheltenham
Gloucestershire
GL50 3PR





REGISTERED NUMBER: 06347599 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

REYNOLDS & GREENWOOD LIMITED (REGISTERED NUMBER: 06347599)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 537 982
537 982

CURRENT ASSETS
Debtors 6 12,682 15,066
Cash at bank 3,236 1,635
15,918 16,701
CREDITORS
Amounts falling due within one year 7 12,694 17,086
NET CURRENT ASSETS/(LIABILITIES) 3,224 (385 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,761

597

PROVISIONS FOR LIABILITIES 135 246
NET ASSETS 3,626 351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,526 251
3,626 351

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 directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





JT Reynolds - Director


REYNOLDS & GREENWOOD LIMITED (REGISTERED NUMBER: 06347599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Reynolds & Greenwood 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 33.3% on cost

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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 8 ) .

REYNOLDS & GREENWOOD LIMITED (REGISTERED NUMBER: 06347599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 40,000
AMORTISATION
At 1 September 2022
and 31 August 2023 40,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 8,063 800 8,863
DEPRECIATION
At 1 September 2022 7,347 534 7,881
Charge for year 179 266 445
At 31 August 2023 7,526 800 8,326
NET BOOK VALUE
At 31 August 2023 537 - 537
At 31 August 2022 716 266 982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,682 15,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,974 7,439
Other creditors 3,720 9,647
12,694 17,086

8. RELATED PARTY DISCLOSURES

Included in other debtors: amounts falling due within one year, is a directors loan account in the amount of £8,800 (2022: £12,614) due from JT Reynolds and DR Greenwood. The amount is unsecured, accrues interest at HM Revenue and Customs ("HMRC") official rate and was repaid after the year end date.