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REGISTERED NUMBER: 07320064 (England and Wales)















Research Editors Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Research Editors Limited (Registered number: 07320064)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Research Editors Limited

Company Information
for the year ended 31 July 2024







Director: Hugh Henry Farmar





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07320064 (England and Wales)

Research Editors Limited (Registered number: 07320064)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,172 1,703

Current assets
Debtors 5 254,058 173,958
Cash at bank 71,068 202,319
325,126 376,277
Creditors
Amounts falling due within one year 6 189,000 197,946
Net current assets 136,126 178,331
Total assets less current liabilities 137,298 180,034

Creditors
Amounts falling due after more than one
year

7

9,004

19,018
Net assets 128,294 161,016

Capital and reserves
Called up share capital 8 11 11
Retained earnings 9 128,283 161,005
Shareholders' funds 128,294 161,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 31 January 2025 and were signed by:





Hugh Henry Farmar - Director


Research Editors Limited (Registered number: 07320064)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Research Editors Limited 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.

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 - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Research Editors Limited (Registered number: 07320064)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies
The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables, and cash and bank balances, are initially recognised at transaction price.

Trade receivables are assets due for services that have been acquired in the ordinary course of business from customers. Accounts receivables are classified as current assets if receipt is expected within one year or less. If not, they are presented as non-current assets. Trade receivables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Research Editors Limited (Registered number: 07320064)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 August 2023 5,266
Additions 603
At 31 July 2024 5,869
Depreciation
At 1 August 2023 3,563
Charge for year 1,134
At 31 July 2024 4,697
Net book value
At 31 July 2024 1,172
At 31 July 2023 1,703

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 244,735 171,412
Other debtors 9,323 2,546
254,058 173,958

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 112,252 101,887
Taxation and social security 47,955 75,411
Other creditors 18,793 10,648
189,000 197,946

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 9,004 19,018

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary 1p 10 10
100 Ordinary B 1p 1 1
11 11

Research Editors Limited (Registered number: 07320064)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


9. Reserves
Retained
earnings
£

At 1 August 2023 161,005
Profit for the year 87,278
Dividends (120,000 )
At 31 July 2024 128,283

10. Ultimate controlling party

The controlling party is Hugh Henry Farmar.