1 December 2022 v2024.36.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP038778842022-12-012023-11-30038778842023-11-30038778842022-11-3003877884core:WithinOneYear2023-11-3003877884core:WithinOneYear2022-11-3003877884core:AfterOneYear2022-11-3003877884core:ShareCapital2023-11-3003877884core:ShareCapital2022-11-3003877884core:OtherReservesSubtotal2023-11-3003877884core:OtherReservesSubtotal2022-11-3003877884core:RetainedEarningsAccumulatedLosses2023-11-3003877884core:RetainedEarningsAccumulatedLosses2022-11-3003877884bus:Director12022-12-012023-11-3003877884bus:RegisteredOffice2022-12-012023-11-3003877884core:PlantMachinery2022-12-012023-11-3003877884core:FurnitureFittings2022-12-012023-11-3003877884core:MotorVehicles2022-12-012023-11-3003877884core:LandBuildings2022-12-012023-11-3003877884core:OfficeEquipment2022-12-012023-11-30038778842021-12-012022-11-3003877884core:LandBuildings2022-12-0103877884core:PlantMachinery2022-12-01038778842022-12-0103877884core:LandBuildings2023-11-3003877884core:PlantMachinery2023-11-3003877884core:LandBuildings2022-11-3003877884core:PlantMachinery2022-11-300387788412022-12-012023-11-3003877884countries:EnglandWales2022-12-012023-11-3003877884bus:AuditExemptWithAccountantsReport2022-12-012023-11-3003877884bus:PrivateLimitedCompanyLtd2022-12-012023-11-3003877884bus:SmallEntities2022-12-012023-11-3003877884bus:FullAccounts2022-12-012023-11-30
Company registration number:
03877884
Reiter UK Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Reiter UK Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Reiter UK Limited
Year ended
30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Reiter UK Limited
for the year ended
30 November 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Reiter UK Limited
, as a body, in accordance with the terms of my engagement letter dated 1 April 2018. My work has been undertaken solely to prepare for your approval the
financial statements
of
Reiter UK Limited
and state those matters that I have agreed to state to the Board of Directors of
Reiter UK Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Reiter UK Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Reiter UK Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Reiter UK Limited
. You consider that
Reiter UK Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Reiter UK Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
25/27 Station Street
Cheslyn Hay
Walsall
West Midlands
WS6 7ED
United Kingdom
Date:
17 May 2024
Reiter UK Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
377,094
 
383,157
 
Current assets    
Stocks
57,225
 
53,442
 
Debtors 6
325,283
 
423,763
 
Cash at bank and in hand
805,776
 
555,937
 
1,188,284
 
1,033,142
 
Creditors: amounts falling due within one year 7
(339,707
)
(217,499
)
Net current assets
848,577
 
815,643
 
Total assets less current liabilities 1,225,671   1,198,800  
Creditors: amounts falling due after more than one year 8 -  
(7,763
)
Net assets
1,225,671
 
1,191,037
 
Capital and reserves    
Called up share capital
90
 
90
 
Other reserves
20
 
20
 
Profit and loss account
1,225,561
 
1,190,927
 
Shareholders funds
1,225,671
 
1,191,037
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 May 2024
, and are signed on behalf of the board by:
Ivan Roberts
Director
Company registration number:
03877884
Reiter UK Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 18, Calibre Industrial Park
,
Laches Close, Four Ashes
,
Wolverhampton
,
West Midlands
,
WV10 7DZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Land and buildings
2% straight line or 20% reducing balance
Office equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2022:
6.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2022
368,248
 
184,818
 
553,066
 
Additions
18,537
  -  
18,537
 
Disposals -  
(1,700
)
(1,700
)
At
30 November 2023
386,785
 
183,118
 
569,903
 
Depreciation      
At
1 December 2022
26,936
 
142,973
 
169,909
 
Charge
13,875
 
10,187
 
24,062
 
Disposals -  
(1,162
)
(1,162
)
At
30 November 2023
40,811
 
151,998
 
192,809
 
Carrying amount      
At
30 November 2023
345,974
 
31,120
 
377,094
 
At 30 November 2022
341,312
 
41,845
 
383,157
 

6 Debtors

20232022
££
Trade debtors
299,153
 
393,154
 
Other debtors
26,130
 
30,609
 
325,283
 
423,763
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
282,261
 
109,276
 
Taxation and social security
43,499
 
93,559
 
Other creditors
13,947
 
14,664
 
339,707
 
217,499
 

8 Creditors: amounts falling due after more than one year

20232022
££
Other creditors -  
7,763