Registered number
10576133
Reelaxing Ltd
Filleted Accounts
31 January 2024
Reelaxing Ltd
Registered number: 10576133
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 685,000 244,000
Current assets
Debtors 4 13,787 14,162
Cash at bank and in hand 7,623 110,370
21,410 124,532
Creditors: amounts falling due within one year 5 (38,898) (58,960)
Net current (liabilities)/assets (17,488) 65,572
Total assets less current liabilities 667,512 309,572
Creditors: amounts falling due after more than one year 6 (348,612) (358,806)
Net assets/(liabilities) 318,900 (49,234)
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 358,000 -
Profit and loss account (39,101) (49,235)
Shareholder's funds 318,900 (49,234)
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 member has 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.
Satwant Singh Shergill
Director
Approved by the board on 16 July 2024
Reelaxing Ltd
Notes to the Accounts
for the year ended 31 January 2024
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings none
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 244,000
Additions 83,000
Surplus on revaluation 358,000
At 31 January 2024 685,000
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 685,000
At 31 January 2023 244,000
4 Debtors 2024 2023
£ £
Other debtors 13,787 14,162
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,038 37,038
Trade creditors 5,380 5,730
Director loan (14,730) 8,082
Taxation and social security costs 11,210 8,110
38,898 58,960
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 348,612 358,806
7 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 358,000 -
At 31 January 2024 358,000 -
8 Other information
Reelaxing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29-30 Victoria Street
Wolverhampton
WV1 3PW
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