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REGISTERED NUMBER: 09262801















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Reid&Co Limited

Reid&Co Limited (Registered number: 09262801)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Reid&Co Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: T Reid





SECRETARY:





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 09262801





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Reid&Co Limited

Report of the Accountants to the Director of
Reid&Co Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

You consider that the company is exempt from an audit for the period ended as above. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.


In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.


We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.






Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY


Date: .............................................

Reid&Co Limited (Registered number: 09262801)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,404 23,181

CURRENT ASSETS
Debtors 5 12,500 12,500
Cash at bank and in hand 103,540 91,791
116,040 104,291
CREDITORS
Amounts falling due within one year 6 83,240 114,347
NET CURRENT ASSETS/(LIABILITIES) 32,800 (10,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,204

13,125

CREDITORS
Amounts falling due after more than
one year

7

-

3,683
NET ASSETS 47,204 9,442

CAPITAL AND RESERVES
Called up share capital 60 10
Retained earnings 47,144 9,432
SHAREHOLDERS' FUNDS 47,204 9,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Reid&Co Limited (Registered number: 09262801)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





T Reid - Director


Reid&Co Limited (Registered number: 09262801)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Reid&Co Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 2 (2023 - 2 ) .

Reid&Co Limited (Registered number: 09262801)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 2,677 41,500 44,177
Disposals - (19,500 ) (19,500 )
At 31 May 2024 2,677 22,000 24,677
DEPRECIATION
At 1 June 2023 2,272 18,724 20,996
Charge for year 81 3,520 3,601
Eliminated on disposal - (14,324 ) (14,324 )
At 31 May 2024 2,353 7,920 10,273
NET BOOK VALUE
At 31 May 2024 324 14,080 14,404
At 31 May 2023 405 22,776 23,181

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 12,500 12,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 7,932 7,662
Tax 18,775 9,401
Social security and other taxes 75 1,494
VAT 17,670 9,247
Directors' loan accounts 37,945 85,848
Accrued expenses 843 695
83,240 114,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/5/24 31/5/23
£    £   
Other loans - 1-2 years - 3,683

Reid&Co Limited (Registered number: 09262801)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the loan account on the balance sheet was owed to the director of the company. Interest has been charged at 2.5%. The loan is repayable on demand.