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Company Registration No. 11322314 (England and Wales)
Reconal Ltd Unaudited accounts for the year ended 30 April 2024
Reconal Ltd Unaudited accounts Contents
Page
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Reconal Ltd Company Information for the year ended 30 April 2024
Directors
Marcin Doniesiewicz Jozef Bytnar Joanna Kotula
Company Number
11322314 (England and Wales)
Registered Office
The Square Basing View Basingstoke RG21 4EB England
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Reconal Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,559 
32,664 
Current assets
Debtors
1,272,665 
2,710,248 
Cash at bank and in hand
121,628 
154,007 
1,394,293 
2,864,255 
Creditors: amounts falling due within one year
(1,201,731)
(2,715,741)
Net current assets
192,562 
148,514 
Total assets less current liabilities
221,121 
181,178 
Creditors: amounts falling due after more than one year
- 
(21,667)
Net assets
221,121 
159,511 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
221,021 
159,411 
Shareholders' funds
221,121 
159,511 
For the year ending 30 April 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 5 November 2024 and were signed on its behalf by
Marcin Doniesiewicz Director Company Registration No. 11322314
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Reconal Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Reconal Ltd is a private company, limited by shares, registered in England and Wales, registration number 11322314. The registered office is The Square, Basing View, Basingstoke, RG21 4EB, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Reconal Ltd Notes to the Accounts for the year ended 30 April 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's inventories/tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 8) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
17,837 
29,883 
47,720 
Additions
1,646 
3,470 
5,116 
At 30 April 2024
19,483 
33,353 
52,836 
Depreciation
At 1 May 2023
6,077 
8,979 
15,056 
Charge for the year
3,274 
5,947 
9,221 
At 30 April 2024
9,351 
14,926 
24,277 
Net book value
At 30 April 2024
10,132 
18,427 
28,559 
At 30 April 2023
11,760 
20,904 
32,664 
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Reconal Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
878,705 
620,347 
Accrued income and prepayments
392,336 
2,086,903 
Other debtors
1,624 
2,998 
1,272,665 
2,710,248 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
10,000 
VAT
4,259 
63,644 
Trade creditors
954,627 
2,523,991 
Taxes and social security
132,773 
106,900 
Other creditors
2,700 
4,486 
Loans from directors
83,201 
6,720 
Accruals
24,171 
- 
1,201,731 
2,715,741 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
21,667 
8
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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