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REGISTERED NUMBER: 03703060 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Reso Limited

Reso Limited (Registered number: 03703060)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reso Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Y L P Lazareff
S K Lazareff





REGISTERED OFFICE: Unit 1 & 2 Frosbury Farm
Gravetts Lane
Worplesdon
Surrey
GU3 3JW





REGISTERED NUMBER: 03703060 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ

Reso Limited (Registered number: 03703060)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,018 28,510
Investments 5 881 881
37,899 29,391

CURRENT ASSETS
Stocks 493,495 901,831
Debtors 6 887,775 863,353
Cash at bank 568,277 143,456
1,949,547 1,908,640
CREDITORS
Amounts falling due within one year 7 834,451 829,234
NET CURRENT ASSETS 1,115,096 1,079,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,152,995

1,108,797

CREDITORS
Amounts falling due after more than one year 8 (53,333 ) (93,333 )

PROVISIONS FOR LIABILITIES (9,255 ) (5,417 )
NET ASSETS 1,090,407 1,010,047

CAPITAL AND RESERVES
Called up share capital 1,800 1,800
Capital redemption reserve 200 200
Retained earnings 1,088,407 1,008,047
1,090,407 1,010,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Reso Limited (Registered number: 03703060)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





S K Lazareff - Director


Reso Limited (Registered number: 03703060)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Reso 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.

Preparation of consolidated financial statements
The financial statements contain information about Reso Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Reso Limited (Registered number: 03703060)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 99,666
Additions 41,764
At 31 March 2024 141,430
DEPRECIATION
At 1 April 2023 71,156
Charge for year 33,256
At 31 March 2024 104,412
NET BOOK VALUE
At 31 March 2024 37,018
At 31 March 2023 28,510

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 881
NET BOOK VALUE
At 31 March 2024 881
At 31 March 2023 881

Reso Limited (Registered number: 03703060)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 721,327 669,470
Other debtors 166,448 193,883
887,775 863,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,000 40,020
Trade creditors 460,925 390,059
Taxation and social security 193,333 136,229
Other creditors 140,193 262,926
834,451 829,234

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 53,333 93,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 53,333 93,333

9. SECURED DEBTS

The bank loan is secured by a debenture, incorporating a fixed and floating charge over the company's current and future assets. The total balance outstanding at the year end is £93,333 (2023: £133,333).