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REGISTERED NUMBER: 02828013 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Reflex Office Products Ltd

Reflex Office Products Ltd (Registered number: 02828013)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Reflex Office Products Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A R J Warren
C G Warren
G A Abbott





SECRETARY: A R J Warren





REGISTERED OFFICE: Unit 1 Warsop Trading Estate
Hever Road
Edenbridge
Kent
TN8 5LD





REGISTERED NUMBER: 02828013 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Reflex Office Products Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reflex Office Products Ltd for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reflex Office Products Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reflex Office Products Ltd and state those matters that we have agreed to state to the Board of Directors of Reflex Office Products Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reflex Office Products Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reflex Office Products Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reflex Office Products Ltd. You consider that Reflex Office Products Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reflex Office Products Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


18 January 2025

Reflex Office Products Ltd (Registered number: 02828013)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 267
Tangible assets 5 50,208 30,701
50,208 30,968

CURRENT ASSETS
Stocks 60,429 39,344
Debtors 6 422,581 709,814
Cash at bank and in hand 1,283,691 712,734
1,766,701 1,461,892
CREDITORS
Amounts falling due within one year 7 377,110 296,981
NET CURRENT ASSETS 1,389,591 1,164,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,439,799

1,195,879

PROVISIONS FOR LIABILITIES 11,351 6,303
NET ASSETS 1,428,448 1,189,576

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,427,448 1,188,576
1,428,448 1,189,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 by the Board of Directors and authorised for issue on 18 January 2025 and were signed on its behalf by:





A R J Warren - Director


Reflex Office Products Ltd (Registered number: 02828013)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Reflex Office Products Ltd 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.

The principal place of business is Unit 11, Barratt Way Industrial Estate, Tudor Road, Harrow, Middlesex, HA3 5TJ.

The principal activity of the company is the wholesale supply of office products and catering supplies.

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 as adjusted for listed investments that are held at market valuation with changes in fair value being reported in profit of loss.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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
Plant hire - 33% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Reflex Office Products Ltd (Registered number: 02828013)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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 14 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 4,000
AMORTISATION
At 1 May 2023 3,733
Charge for year 267
At 30 April 2024 4,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 267

Reflex Office Products Ltd (Registered number: 02828013)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and
property hire fittings
£    £    £   
COST
At 1 May 2023 23,757 10,893 60,412
Additions - - 420
Disposals - - -
At 30 April 2024 23,757 10,893 60,832
DEPRECIATION
At 1 May 2023 20,400 10,893 51,972
Charge for year 559 - 2,992
Eliminated on disposal - - -
At 30 April 2024 20,959 10,893 54,964
NET BOOK VALUE
At 30 April 2024 2,798 - 5,868
At 30 April 2023 3,357 - 8,440

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 46,893 62,394 204,349
Additions 44,500 2,683 47,603
Disposals (34,898 ) - (34,898 )
At 30 April 2024 56,495 65,077 217,054
DEPRECIATION
At 1 May 2023 29,145 61,238 173,648
Charge for year 5,900 897 10,348
Eliminated on disposal (17,150 ) - (17,150 )
At 30 April 2024 17,895 62,135 166,846
NET BOOK VALUE
At 30 April 2024 38,600 2,942 50,208
At 30 April 2023 17,748 1,156 30,701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 334,863 307,664
Other debtors 3,258 3,750
Other investments 50,314 358,295
Prepayments 34,146 40,105
422,581 709,814

Reflex Office Products Ltd (Registered number: 02828013)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,159 -
Trade creditors 205,547 147,512
Taxation and social security 145,060 116,675
Other creditors 23,344 32,794
377,110 296,981

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 43,700 43,700
Between one and five years 54,625 98,325
98,325 142,025

9. RELATED PARTY DISCLOSURES

Included in creditors at 30 April 2024 there are amounts owed to the directors of £112 (2023 - £8,206).