Reyllen Limited Filleted Accounts Cover
Reyllen Limited
Company No. 12437892
Information for Filing with The Registrar
31 March 2024
Reyllen Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was that of an online trader.
Director
The Director who served at any time during the year was as follows:
M. Forgac
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M. Forgac
Director
30 September 2024
Reyllen Limited Balance Sheet Registrar
at
31 March 2024
Company No.
12437892
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
4,1314,820
Tangible assets
5
12,5481,434
Investments
6
24,205-
40,8846,254
Current assets
Stocks
7
82,57060,000
Debtors
8
-250
Cash at bank and in hand
165,524285,243
248,094345,493
Creditors: Amount falling due within one year
9
(117,976)
(155,175)
Net current assets
130,118190,318
Total assets less current liabilities
171,002196,572
Creditors: Amounts falling due after more than one year
10
(2,267)
-
Net assets
168,735196,572
Capital and reserves
Called up share capital
11
Profit and loss account
11
168,734196,571
Total equity
168,735196,572
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 September 2024 and signed on its behalf by:
M. Forgac
Director
30 September 2024
Reyllen Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Reyllen Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12437892
Its registered office is:
123 Hallgate
Cottingham
East Yorkshire
HU16 4DA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
33% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
21
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
At 1 April 2023
6,8876,887
At 31 March 2024
6,8876,887
Amortisation and impairment
At 1 April 2023
2,0672,067
Charge for the year
689689
At 31 March 2024
2,7562,756
Net book values
At 31 March 2024
4,1314,131
At 31 March 2023
4,8204,820
The trademark is being amortised over its useful life of 10 years
5
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2023
-4,7704,770
Additions
15,449-15,449
At 31 March 2024
15,4494,77020,219
Depreciation
At 1 April 2023
-3,3363,336
Charge for the year
3,8624734,335
At 31 March 2024
3,8623,8097,671
Net book values
At 31 March 2024
11,58796112,548
At 31 March 2023
-
1,434
1,434
6
Investments
Other investments
Total
£
£
Cost or valuation
Additions
26,500
26,500
Revaluation
(2,295)
(2,295)
At 31 March 2024
24,205
24,205
Provisions/Impairment
Net book values
At 31 March 2024
24,205
24,205
7
Stocks
2024
2023
£
£
Finished goods
82,57060,000
82,57060,000
8
Debtors
2024
2023
£
£
Trade debtors
-250
-250
9
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,743-
Trade creditors
-2,110
Taxes and social security
3,453
19,617
Loans from directors
109,437131,434
Other creditors
29864
Accruals and deferred income
2,0451,950
117,976155,175
10
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,267-
2,267-
11
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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