IRIS Accounts Production v24.2.0.383 09119643 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 15944 146 48113 15944 32023 15944 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091196432023-01-31091196432024-01-31091196432023-02-012024-01-31091196432022-01-31091196432022-02-012023-01-31091196432023-01-3109119643ns15:EnglandWales2023-02-012024-01-3109119643ns14:PoundSterling2023-02-012024-01-3109119643ns10:Director12023-02-012024-01-3109119643ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109119643ns10:SmallEntities2023-02-012024-01-3109119643ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109119643ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109119643ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109119643ns10:FullAccounts2023-02-012024-01-3109119643ns10:OrdinaryShareClass12023-02-012024-01-3109119643ns10:Director1412023-01-3109119643ns10:Director1412022-01-3109119643ns10:Director1412022-02-012023-01-3109119643ns10:Director1412023-02-012024-01-3109119643ns10:Director1412023-01-3109119643ns10:Director22023-02-012024-01-3109119643ns10:RegisteredOffice2023-02-012024-01-3109119643ns5:CurrentFinancialInstruments2024-01-3109119643ns5:CurrentFinancialInstruments2023-01-3109119643ns5:Non-currentFinancialInstruments2024-01-3109119643ns5:Non-currentFinancialInstruments2023-01-3109119643ns5:ShareCapital2024-01-3109119643ns5:ShareCapital2023-01-3109119643ns5:RetainedEarningsAccumulatedLosses2024-01-3109119643ns5:RetainedEarningsAccumulatedLosses2023-01-3109119643ns5:FurnitureFittings2023-02-012024-01-3109119643ns5:MotorVehicles2023-02-012024-01-3109119643ns5:ComputerEquipment2023-02-012024-01-3109119643ns5:PlantMachinery2023-01-3109119643ns5:PlantMachinery2023-02-012024-01-3109119643ns5:PlantMachinery2024-01-3109119643ns5:PlantMachinery2023-01-3109119643ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3109119643ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3109119643ns10:OrdinaryShareClass12024-01-3109119643ns10:Director222023-01-3109119643ns10:Director222022-01-3109119643ns10:Director222023-02-012024-01-3109119643ns10:Director222022-02-012023-01-3109119643ns10:Director222024-01-3109119643ns10:Director222023-01-31
REGISTERED NUMBER: 09119643 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

REED AND REED CONSULTANTS LIMITED

REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REED AND REED CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S Reed
A F Reed





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 09119643 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,118 8,838

CURRENT ASSETS
Stocks 12,917 -
Debtors 5 6,159 18,443
Cash at bank 37,006 2,947
56,082 21,390
CREDITORS
Amounts falling due within one year 6 61,168 10,651
NET CURRENT (LIABILITIES)/ASSETS (5,086 ) 10,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,032

19,577

CREDITORS
Amounts falling due after more than one
year

7

(14,864

)

(17,265

)

PROVISIONS FOR LIABILITIES (8,777 ) -
NET ASSETS 4,391 2,312

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 4,291 2,212
SHAREHOLDERS' FUNDS 4,391 2,312

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 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.

REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





A F Reed - Director


REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Reed and Reed Consultants 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.

Turnover
Turnover relates to consultancy services provided by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 24,098
Additions 41,750
Disposals (16,000 )
At 31 January 2024 49,848
DEPRECIATION
At 1 February 2023 15,260
Charge for year 10,861
Eliminated on disposal (9,391 )
At 31 January 2024 16,730
NET BOOK VALUE
At 31 January 2024 33,118
At 31 January 2023 8,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 6,159 2,500
Other debtors - 15,943
6,159 18,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,393 1,905
Trade creditors 1,550 -
Taxation and social security 22,102 3,775
Other creditors 35,123 4,971
61,168 10,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,864 17,265

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over 5 years 5,293 6,919

REED AND REED CONSULTANTS LIMITED (REGISTERED NUMBER: 09119643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
S Reed and A F Reed
Balance outstanding at start of year 15,944 (146 )
Amounts advanced - 48,113
Amounts repaid (15,944 ) (32,023 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,944