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REGISTERED NUMBER: 04907177 (England and Wales)




















RESERVE LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






RESERVE LIMITED (REGISTERED NUMBER: 04907177)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RESERVE LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs K L Goodman





SECRETARY: Mr J B Chilton





REGISTERED OFFICE: Unit 32 Stretford Motorway Estate
Stretford
Manchester
M32 0ZH





REGISTERED NUMBER: 04907177 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

RESERVE LIMITED (REGISTERED NUMBER: 04907177)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,876 100,881
Investments 5 100 100
158,976 100,981

CURRENT ASSETS
Stocks 377,889 322,326
Debtors 6 199,934 172,852
Cash at bank and in hand 683,165 810,398
1,260,988 1,305,576
CREDITORS
Amounts falling due within one year 7 397,751 395,126
NET CURRENT ASSETS 863,237 910,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,213

1,011,431

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,022,113 1,011,331
1,022,213 1,011,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 16 September 2024 and were signed by:



Mrs K L Goodman - Director


RESERVE LIMITED (REGISTERED NUMBER: 04907177)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Reserve 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 8% on cost
Plant and machinery etc - 10% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 35 ) .

RESERVE LIMITED (REGISTERED NUMBER: 04907177)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 68,796 74,803 143,599
Additions 62,085 12,615 74,700
At 31 January 2024 130,881 87,418 218,299
DEPRECIATION
At 1 February 2023 286 42,432 42,718
Charge for year 10,059 6,646 16,705
At 31 January 2024 10,345 49,078 59,423
NET BOOK VALUE
At 31 January 2024 120,536 38,340 158,876
At 31 January 2023 68,510 32,371 100,881

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,761 56,034
Other debtors 159,173 116,818
199,934 172,852

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 187
Trade creditors 205,258 236,154
Taxation and social security 152,757 152,139
Other creditors 39,736 6,646
397,751 395,126

RESERVE LIMITED (REGISTERED NUMBER: 04907177)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,083 57,395
Between one and five years 9,600 3,025
25,683 60,420

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs K L Goodman
Balance outstanding at start of year 49,101 61,313
Amounts advanced 53,251 128,163
Amounts repaid (32,871 ) (140,375 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,481 49,101

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K L Goodman.