REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Company Registration Number:
11077504 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Contents of the Financial Statements

for the Period Ended 30 November 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Company Information

for the Period Ended 30 November 2023




Director: Mathan Shanmugam Mohan
Registered office: 259-261
Northolt Road
Harrow
GBR
HA2 8HS
Company Registration Number: 11077504 (England and Wales)

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Directors' Report Period Ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal Activities

Accounting and auditing activities Bookkeeping activities Management consultancy activities other than financial management

Directors

The directors shown below have held office during the whole of the period from 01 December 2022 to 30 November 2023
Mathan Shanmugam Mohan

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Mathan Shanmugam Mohan
Status: Director

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Profit and Loss Account

for the Period Ended 30 November 2023


Notes

2023
£

2022
£
Turnover 33,897 27,506
Cost of sales ( 978 ) ( 696 )
Gross Profit or (Loss) 32,919 26,810
Distribution Costs ( 1,816 ) ( 5,366 )
Administrative Expenses ( 26,483 ) ( 19,016 )
Operating Profit or (Loss) 4,620 2,428
Interest Payable and Similar Charges ( 151 ) ( 375 )
Profit or (Loss) Before Tax 4,469 2,053
Tax on Profit ( 424 ) ( 390 )
Profit or (Loss) for Period 4,045 1,663

The notes form part of these financial statements

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Balance sheet

As at 30 November 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 4,574 2,221
Total fixed assets: 4,574 2,221
Current assets
Debtors: 5 250 250
Cash at bank and in hand: 24,619 32,333
Total current assets: 24,869 32,583
Prepayments and accrued income: 2,000 2,000
Creditors: amounts falling due within one year: 6 ( 13,366 ) ( 20,792 )
Net current assets (liabilities): 13,503 13,791
Total assets less current liabilities: 18,077 16,012
Creditors: amounts falling due after more than one year: 7 ( 3,070 ) ( 5,050 )
Total net assets (liabilities): 15,007 10,962

The notes form part of these financial statements

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Balance sheet continued

As at 30 November 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 14,907 10,862
Shareholders funds: 15,007 10,962

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Mathan Shanmugam Mohan
Status: Director

The notes form part of these financial statements

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 3. Off balance sheet disclosure

    No

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Tangible assets

Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 December 2022 697 3,376 - 4,073
Additions - 2,962 915 3,877
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 November 2023 697 6,338 915 7,950
Depreciation
At 01 December 2022 174 1,678 - 1,852
Charge for year 131 1,165 228 1,524
On disposals - - - -
Other adjustments - - - -
At 30 November 2023 305 2,843 228 3,376
Net book value
At 30 November 2023 392 3,495 687 4,574
At 30 November 2022 523 1,698 - 2,221

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors


2023
£

2022
£
Other debtors 250 250
Total 250 250

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 1,980 1,980
Taxation and social security 1,580 2,299
Other creditors 9,806 16,513
Total 13,366 20,792

REACH ACCOUNTANTS AND MANAGEMENT ANALYSTS LTD.

Notes to the Financial Statements

for the Period Ended 30 November 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 3,070 5,050
Total 3,070 5,050