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REGISTERED NUMBER: 06880807 (England and Wales)






















Reynolds Training Services Limited

Unaudited Financial Statements for the Year Ended 31st December 2024






Reynolds Training Services Limited (Registered number: 06880807)






Contents of the Financial Statements
for the year ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Reynolds Training Services Limited

Company Information
for the year ended 31st December 2024







DIRECTORS: JL Reynolds
Mrs KP Reynolds





SECRETARY: Mrs KP Reynolds





REGISTERED OFFICE: Technical Training Centre
Catch Facility
Kiln Lane
Stallingborough
NE Lincolnshire
DN41 8TH





REGISTERED NUMBER: 06880807 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Reynolds Training Services Limited (Registered number: 06880807)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,975 15,960
Tangible assets 5 223,262 245,562
233,237 261,522

CURRENT ASSETS
Debtors 6 169,411 163,326
Cash at bank 15,997 20,886
185,408 184,212
CREDITORS
Amounts falling due within one year 7 243,804 233,801
NET CURRENT LIABILITIES (58,396 ) (49,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,841

211,933

CREDITORS
Amounts falling due after more than one
year

8

(61,051

)

(105,132

)

PROVISIONS FOR LIABILITIES (28,144 ) (26,131 )
NET ASSETS 85,646 80,670

CAPITAL AND RESERVES
Called up share capital 11 75,100 75,100
Retained earnings 10,546 5,570
SHAREHOLDERS' FUNDS 85,646 80,670

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

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

Reynolds Training Services Limited (Registered number: 06880807)

Balance Sheet - continued
31st December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th February 2025 and were signed on its behalf by:





JL Reynolds - Director


Reynolds Training Services Limited (Registered number: 06880807)

Notes to the Financial Statements
for the year ended 31st December 2024

1. STATUTORY INFORMATION

Reynolds Training Services 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 net of VAT and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings- 33% on cost
Computer equipment- 33% on cost
Plant and machinery - 5% on cost
Improvement to property - 20% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Reynolds Training Services Limited (Registered number: 06880807)

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

2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Debtors & creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st January 2024
and 31st December 2024 17,955
AMORTISATION
At 1st January 2024 1,995
Amortisation for year 5,985
At 31st December 2024 7,980
NET BOOK VALUE
At 31st December 2024 9,975
At 31st December 2023 15,960

Reynolds Training Services Limited (Registered number: 06880807)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 6,329 263,206 25,798 18,980 314,313
Additions - - 221 1,335 1,556
At 31st December 2024 6,329 263,206 26,019 20,315 315,869
DEPRECIATION
At 1st January 2024 1,753 37,592 21,495 7,911 68,751
Charge for year 1,266 13,979 2,211 6,400 23,856
At 31st December 2024 3,019 51,571 23,706 14,311 92,607
NET BOOK VALUE
At 31st December 2024 3,310 211,635 2,313 6,004 223,262
At 31st December 2023 4,576 225,614 4,303 11,069 245,562

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,860 69,515
Other debtors 16,875 14,180
Prepayments and accrued income 107,676 79,631
169,411 163,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 77,998 79,001
Trade creditors 71,093 63,704
Social security and other taxes 4,523 5,061
VAT 41,178 34,618
Other creditors 46,141 25,318
Directors' current accounts - 8,412
Accrued expenses 2,871 17,687
243,804 233,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 9) 27,134 105,132
Directors' loan accounts 33,917 -
61,051 105,132

Reynolds Training Services Limited (Registered number: 06880807)

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

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 77,998 79,001

Amounts falling due between one and two years:
Other loans 27,134 77,998

Amounts falling due between two and five years:
Other loans - 27,134

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 33,136 74,739
Between one and five years 20,067 60,391
53,203 135,130

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
75,000 Preference Shares £1 75,000 75,000
75,100 75,100

75,000 £1 redeemable preference shares were issued at par during the year and redemption is at the company's option only.

12. ULTIMATE CONTROLLING PARTY

The controlling party is JL Reynolds & Mrs K P Reynolds.