Company Registration No. 06021774 (England and Wales)
The Reluctant Salesman Ltd
Unaudited accounts
for the year ended 31 March 2024
The Reluctant Salesman Ltd
Unaudited accounts
Contents
The Reluctant Salesman Ltd
Company Information
for the year ended 31 March 2024
Directors
Mr Terry Mullins
Ms M Sanchez Villagra
Company Number
06021774 (England and Wales)
Registered Office
4 LANE REDDIN TERRACE
NEWLYN
PENZANCE
CORNWALL
TR18 5BL
Accountants
Cath Roberts
Room 1
Tavistock Physio Clinic
Tavistock
CORNWALL
PL19 8QA
The Reluctant Salesman Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
220
591
Creditors: amounts falling due within one year
(11,191)
(15,747)
Net current liabilities
(10,971)
(15,156)
Total assets less current liabilities
(10,764)
(14,853)
Creditors: amounts falling due after more than one year
(2,493)
(3,867)
Net liabilities
(13,257)
(18,720)
Called up share capital
10
10
Profit and loss account
(13,267)
(18,730)
Shareholders' funds
(13,257)
(18,720)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
Mr Terry Mullins
Director
Company Registration No. 06021774
The Reluctant Salesman Ltd
Notes to the Accounts
for the year ended 31 March 2024
The Reluctant Salesman Ltd is a private company, limited by shares, registered in England and Wales, registration number 06021774. The registered office is 4 LANE REDDIN TERRACE, NEWLYN, PENZANCE, CORNWALL, TR18 5BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,976
1,366
3,342
At 31 March 2024
1,976
1,366
3,342
At 1 April 2023
1,917
1,122
3,039
Charge for the year
15
81
96
At 31 March 2024
1,932
1,203
3,135
At 31 March 2024
44
163
207
At 31 March 2023
59
244
303
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,278
1,067
Loans from directors
9,713
14,480
The Reluctant Salesman Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).