2023-04-01 2024-03-31 14012622 Reachly Limited false 14012622 2023-04-01 2024-03-31 14012622 uk-bus:Director1 2023-04-01 2024-03-31 14012622 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14012622 uk-bus:SmallEntities 2023-04-01 2024-03-31 14012622 uk-bus:FullAccounts 2023-04-01 2024-03-31 14012622 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14012622 2023-04-01 14012622 2024-03-31 14012622 2023-03-31 xbrli:pure iso4217:GBP 14012622 2022-04-01 2023-03-31
Company Registration Number : 14012622 (England and Wales)
14012622
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-03-31
false
Reachly Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-04-01
Reachly Limited
Unaudited filleted financial statements
For the year ended 31 March 2024
Reachly Limited
Contents
For the year ended 31 March 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5


Reachly Limited
Company Information
For the year ended 31 March 2024

Company registration number 14012622 (England and Wales)
Directors Gregory Beard
Alison Beard
Registered office address 3 Owens View
Hertford
Hertfordshire
SG14 3FG
UK
Accountant Astonia Associates Limited
Chartered Management Accountants
Business & Technology Centre, Bessemer Drive
Stevenage, Herts, England
SG1 2DX
UK
Reachly Limited
Statement of Financial Position
For the year ended 31 March 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 541 -
Investment Property 270,686 -
5 271,226 -
Current assets
Debtors 390 50
Cash and cash equivalents 4,317 5,660
4,707 5,710
Current liabilities
Creditors: Amounts falling due within one year (98,276) (7,069)
(98,276) (7,069)
Net current (liabilities)/assets (93,569) (1,359)
Total assets less current liabilities 177,658 (1,359)
Non-current liabilities
Creditors: Amounts falling due after more than one year (183,441) -
Net (liabilities)/assets (5,783) (1,359)
Capital and reserves
Called up share capital 100 100
Retained earnings (5,883) (1,459)
Shareholder's funds (5,783) (1,359)
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 10 January 2025
.............................
Gregory Beard (Director)
Company registration number: 14012622
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-03-31 31 March 2024
2024 2023
£ £
Fixed Assets 271,226 0
Current Assets 4,367 5,710
Prepayments and accrued income 340 0
Creditors: amounts falling due within one year (98,276) (7,069)
Net current assets (liabilities) (93,569) (1,359)
Total assets less current liabilities 177,658 (1,359)
CREDITORS: Amounts falling due more than one year (183,441) 0
Net Assets (liabilities) (5,783) (1,359)
Capital and Reserves (5,783) (1,359)
For the year ending 31/03/2024 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. For the year ending 31-03-2024 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 10 January 2025 2024-12-16 and signed on behalf of the board,
.............................
Gregory Beard
Director
Company registration number: 14012622
Reachly Limited
Notes to the Financial Statements
For the year ended 31 March 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 3 Owens View, Hertford, Hertfordshire, SG14 3FG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:



Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% straight line
Motor Cars

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
Additions550270,686271,236
As at 31 March 2024550270,686271,236
Depreciation/Amortisation
For the year9-9
As at 31 March 20249-9
Net book value
As at 31 March 2024541270,686271,227
As at 31 March 2023---