Company registration number 6011030 (England and Wales)
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
214,457
209,397
Cash at bank and in hand
37
5,916
214,494
215,313
Creditors: amounts falling due within one year
5
(169,815)
(171,832)
Net current assets
44,679
43,481
Creditors: amounts falling due after more than one year
6
(49,961)
(37,008)
Net (liabilities)/assets
(5,282)
6,473
Capital and reserves
Called up share capital
7
100
100
Distributable profit and loss reserves
(5,382)
6,373
Total equity
(5,282)
6,473
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 October 2024 and are signed on its behalf by:
Karen Daley
Director
Company registration number 6011030 (England and Wales)
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
REAMPLUS LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is 1 Queens Parade, Brownlow Road, London, N11 2DN.
1.1
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 amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has confirmed in writing that the company will continue in operational existence for the foreseeable future.true
1.3
Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including director) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Taxation
On the basis of these financial statements no provision has been made for corporation tax.
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,148
5,149
Amounts owed by group undertakings
207,941
203,330
Other debtors
1,368
918
214,457
209,397
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
12,807
Trade creditors
13,057
Amounts owed to group undertakings
5,368
Corporation tax
44,119
40,393
Other creditors
112,639
113,264
169,815
171,832
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
49,961
37,008
This loan represents borrowing under the Bounce Back Loan Scheme introduced by the UK government. The government guarantees 100% of the loan.
REAMPLUS LIMITED
T/A ESSENDON CARPET CO
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
7
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100
9
Parent company
The ultimate parent company is Daley & Son (UK) Limited, a company registered in England and Wales.