Acorah Software Products - Accounts Production 15.0.650 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13466968 Mr Raheel Ilyas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13466968 2023-02-28 13466968 2024-02-28 13466968 2023-03-01 2024-02-28 13466968 frs-core:CurrentFinancialInstruments 2024-02-28 13466968 frs-core:Non-currentFinancialInstruments 2024-02-28 13466968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 13466968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13466968 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13466968 frs-core:ShareCapital 2024-02-28 13466968 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13466968 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13466968 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13466968 frs-bus:SmallEntities 2023-03-01 2024-02-28 13466968 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13466968 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13466968 frs-bus:Director1 2023-03-01 2024-02-28 13466968 frs-countries:EnglandWales 2023-03-01 2024-02-28 13466968 2022-02-28 13466968 2023-02-28 13466968 2022-03-01 2023-02-28 13466968 frs-core:CurrentFinancialInstruments 2023-02-28 13466968 frs-core:Non-currentFinancialInstruments 2023-02-28 13466968 frs-core:ShareCapital 2023-02-28 13466968 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13466968
Reel Grp Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Fintax
Chartered Certified Accountants
888 Washwood Heath Road
Birmingham
West Midlands
B8 2NB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13466968
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 174,239 177,062
174,239 177,062
CURRENT ASSETS
Debtors 5 67,810 70,010
Investments 6 - 40
Cash at bank and in hand 2,278 842
70,088 70,892
Creditors: Amounts Falling Due Within One Year 7 (26,460 ) (900 )
NET CURRENT ASSETS (LIABILITIES) 43,628 69,992
TOTAL ASSETS LESS CURRENT LIABILITIES 217,867 247,054
Creditors: Amounts Falling Due After More Than One Year 8 (135,350 ) (150,000 )
NET ASSETS 82,517 97,054
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 82,417 96,954
SHAREHOLDERS' FUNDS 82,517 97,054
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raheel Ilyas
Director
30/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reel Grp Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13466968 . The registered office is Oaklands Hawkesbury Close, Hartburn, Stockton On Tees, TS18 5JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 64
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 179,885
As at 28 February 2024 179,885
Depreciation
As at 1 March 2023 2,823
Provided during the period 2,823
As at 28 February 2024 5,646
Net Book Value
As at 28 February 2024 174,239
As at 1 March 2023 177,062
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors (2,200 ) -
Amounts owed by group undertakings 70,010 70,010
67,810 70,010
6. Current Asset Investments
2024 2023
£ £
Other investments, held for sale - 40
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 25,000 -
Other creditors 1,460 900
26,460 900
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 135,350 150,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4