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REGISTERED NUMBER: 13017891 (United Kingdom)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

REID BUILDING LIMITED

REID BUILDING LIMITED (REGISTERED NUMBER: 13017891)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


REID BUILDING LIMITED (REGISTERED NUMBER: 13017891)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,802 38,760

CURRENT ASSETS
Debtors 5 2,435 53,037
Cash at bank 427,127 266,452
429,562 319,489
CREDITORS
Amounts falling due within one year 6 219,547 178,237
NET CURRENT ASSETS 210,015 141,252
TOTAL ASSETS LESS CURRENT LIABILITIES 213,817 180,012

PROVISIONS FOR LIABILITIES 908 9,690
NET ASSETS 212,909 170,322

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 212,908 170,321
SHAREHOLDERS' FUNDS 212,909 170,322

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 BUILDING LIMITED (REGISTERED NUMBER: 13017891)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





Mr P I D Reid - Director


REID BUILDING LIMITED (REGISTERED NUMBER: 13017891)

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


1. STATUTORY INFORMATION

Reid Building Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 13017891

Registered office: 37 Aberporth Road
Cardiff
CF14 2RX

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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% Straight line
Computer equipment - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

REID BUILDING LIMITED (REGISTERED NUMBER: 13017891)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 59,742 2,466 62,208
Disposals (34,500 ) - (34,500 )
At 30 November 2024 25,242 2,466 27,708
DEPRECIATION
At 1 December 2023 22,771 677 23,448
Charge for year 9,186 616 9,802
Eliminated on disposal (9,344 ) - (9,344 )
At 30 November 2024 22,613 1,293 23,906
NET BOOK VALUE
At 30 November 2024 2,629 1,173 3,802
At 30 November 2023 36,971 1,789 38,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 49,165
VAT liability - 1,122
Prepayments 2,435 2,750
2,435 53,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,800
Corporation tax liability 34,052 31,086
VAT liability 2,966 -
CIS liability 110 428
Directors' current accounts 180,569 143,123
Accrued expenses 1,850 1,800
219,547 178,237

REID BUILDING LIMITED (REGISTERED NUMBER: 13017891)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1