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REGISTERED NUMBER: 08924793 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

RECEPTIONAL LIMITED

RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RECEPTIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R W Brown
J P Deaville
M Loughlin
J C Rose





SECRETARY: R W Brown





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 08924793 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 103,021 106,863

CURRENT ASSETS
Debtors 5 548,666 622,474
Cash at bank 428,472 811,249
977,138 1,433,723
CREDITORS
Amounts falling due within one year 6 433,243 716,155
NET CURRENT ASSETS 543,895 717,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,916

824,431

PROVISIONS FOR LIABILITIES 20,709 72,148
NET ASSETS 626,207 752,283

CAPITAL AND RESERVES
Called up share capital 1,072 1,072
Retained earnings 625,135 751,211
626,207 752,283

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

BALANCE SHEET - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




J P Deaville - Director



M Loughlin - Director


RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

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

1. STATUTORY INFORMATION

Receptional 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, and its place of business is Trinity Gardens, 9-11 Bromham Road, Bedford, Bedfordshire, MK40 2BP.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue
Revenue (also described as sales or turnover) is the value of work (net of VAT) performed during the year with respect to services.

Revenue Recognition
Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.


RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 54 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 72,205 27,649 90,847 190,701
Additions - 425 20,685 21,110
At 31 March 2024 72,205 28,074 111,532 211,811
DEPRECIATION
At 1 April 2023 28,731 12,110 42,997 83,838
Charge for year 7,220 2,395 15,337 24,952
At 31 March 2024 35,951 14,505 58,334 108,790
NET BOOK VALUE
At 31 March 2024 36,254 13,569 53,198 103,021
At 31 March 2023 43,474 15,539 47,850 106,863

RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 438,674 473,886
Other debtors 109,992 148,588
548,666 622,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 44,299 65,476
Amounts owed to group undertakings 120,997 337,393
Taxation and social security 152,827 254,963
Other creditors 115,120 58,323
433,243 716,155

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 59,434 59,434
Between one and five years 187,663 187,663
In more than five years 9,191 68,625
256,288 315,722

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Director 1
Balance outstanding at start of year 434 -
Amounts advanced - 434
Amounts repaid (434 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 434

RECEPTIONAL LIMITED (REGISTERED NUMBER: 08924793)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Director 2
Balance outstanding at start of year 117 -
Amounts advanced - 117
Amounts repaid (374 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (257 ) 117

Director 3
Balance outstanding at start of year 5,000 -
Amounts advanced - 5,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 5,000

9. PARENT COMPANY

The parent company is Receptional Holdings Limited, and its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.