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Registered number
01452267
David M. Rees & Associates Limited
Unaudited Accounts
for the year ended
31 August 2024
David M. Rees & Associates Limited
Balance Sheet
as at 31 August 2024
Notes
2024
£
2023
£
Fixed assets
Intangible assets 3 31,224 46,837
Tangible assets 4 8,294 11,059
39,518 57,896
Current assets
Stocks 42,659 42,663
Debtors 34,712 24,374
Cash at bank and in hand 104,914 127,005
182,285 194,042
Creditors: amounts falling due within one year (8,833) (16,013)
Net current assets / (liabilities) 173,452 178,029
Total assets less current liabilities 212,970 235,925
Provisions for liabilities (443) (720)
Total net assets (liabilities) 212,527 235,205
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 212,427 235,105
Shareholders' funds 212,527 235,205

David M. Rees & Associates Limited
Balance Sheet
as at 31 August 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2024 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.

Signed on behalf of the board of directors

...............................

Mrs S Rees

Director


Approved by the board on 24 October 2024

Company Number: 01452267 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Well Cottage Cucumber Lane
Essendon
Hatfield
AL9 6JB
England

David M. Rees & Associates Limited
Notes to the Accounts
for the year ended 31 August 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 25% Reducing Balance
Vehicles 25% Reducing Balance
Intangible fixed assets
Intangible assets is purchased goodwill and is shown at cost on acquisition. Impairment reviews to 31 August 2016 considered the net realisable value to be greater than cost. From the year ended 31 August 2017 onward goodwill is being amortised on a straight line basis over 10 years.
Stocks
Work in progress is stated at the estimated fees receivable less costs to complete. Costs comprise direct production costs. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated fees receivable less any estimated completion costs.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax.
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 all 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. 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.
2. Employees
2024 2023
Average number of employees during the period 2 2

3. Intangible fixed assets
Goodwill Total
Cost £ £
At 1 September 2023 156,128 156,128
At 31 August 2024 156,128 156,128
Amortisation
At 1 September 2023 109,291 109,291
Provided during the period 15,613 15,613
At 31 August 2024 124,904 124,904
Net book value
At 31 August 2024 31,224 31,224
At 31 August 2023 46,837 46,837

4. Tangible fixed assets
Office equipment Vehicles Total
Cost or valuation £ £ £
At 1 September 2023 19,563 16,011 35,574
At 31 August 2024 19,563 16,011 35,574
Depreciation
At 1 September 2023 12,304 12,211 24,515
Charge for the period 1,815 950 2,765
At 31 August 2024 14,119 13,161 27,280
Net book value
At 31 August 2024 5,444 2,850 8,294
At 31 August 2023 7,259 3,800 11,059

5. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
100 (2023: 100) Ordinary shares of £1.00 each 100 100
100 100

Commitments, guarantees and contingencies

Notes

Pension commitment The company operates a defined contribution pension scheme on behalf of the director and a defined contribution Automatic enrolment pension scheme on behalf of an employee. The assets of the schemes are held separately from those of the company in independently administered funds. There is no annual pension commitment under the directors scheme and 3% of pensionable earnings for an employee in the Automatic enrolment scheme. Capital, lease and other financial commitments, guarantees and contingencies The company had no capital, lease or other financial commitments, guarantees and contingencies on the 31 August 2024 (2023 - Nil).

7. Other information

David M. Rees & Associates Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Well Cottage, Cucumber Lane, Essendon, Hertfordshire AL9 6JB.

The financial statements are presented in Sterling, which is the functional currency of the company.

During the two years ending on the 31 August 2024 Mrs S C Rees the director of the company controlled the company as she owned all of the issued ordinary share capital.

The principal activity of the company in the year under review was that of accountants.