Registered number
04821548
REENA ENTERPRISES LIMITED
Unaudited Filleted Accounts
31 July 2024
REENA ENTERPRISES LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of REENA ENTERPRISES LIMITED for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of REENA ENTERPRISES LIMITED for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
yaqub & co Ltd
Charetsred Accountants
443 Stapleton Road
Eastville
Bristol
bs5 6nb
25 April 2025
REENA ENTERPRISES LIMITED
Registered number: 04821548
Balance Sheet
as at 31 July 2024
Notes 2024 2023
- -
Fixed assets
Tangible assets 3 570,687 589,763
Current assets
Stocks 885,035 1,015,998
Debtors 4 71,066 48,762
Cash at bank and in hand 115,377 67,733
1,071,478 1,132,493
Creditors: amounts falling due within one year 5 (187,651) (150,173)
Net current assets 883,827 982,320
Total assets less current liabilities 1,454,514 1,572,083
Creditors: amounts falling due after more than one year 6 (199,371) (169,133)
Net assets 1,255,143 1,402,950
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,255,142 1,402,949
Shareholder's funds 1,255,143 1,402,950
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Sandeep Marwah
Director
Approved by the board on 25 April 2025
REENA ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 13
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
0 0 0
Cost
At 1 August 2023 561,002 140,458 701,460
Additions - 2,854 2,854
At 31 July 2024 561,002 143,312 704,314
Depreciation
At 1 August 2023 11,220 100,477 111,697
Charge for the year 11,221 10,709 21,930
At 31 July 2024 22,441 111,186 133,627
Net book value
At 31 July 2024 538,561 32,126 570,687
At 31 July 2023 549,782 39,981 589,763
4 Debtors 2024 2023
- -
Trade debtors 71,066 18,414
Other debtors - 30,348
71,066 48,762
5 Creditors: amounts falling due within one year 2024 2023
- -
Bank loans and overdrafts 83,023 40,165
Trade creditors 31,724 73,072
Taxation and social security costs 71,904 35,936
Other creditors 1,000 1,000
187,651 150,173
6 Creditors: amounts falling due after one year 2024 2023
- -
Bank loans 199,371 169,133
7 Loans 2024 2023
- -
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 39,336 72,565
Secured bank loans 217,846 165,486
Secured over Freehold Property of Company
8 Other financial commitments 2024 2023
- -
Total future minimum payments under non-cancellable operating leases 18,448 19,722
9 Other information
REENA ENTERPRISES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
21 Brookgate
Ashton Vale
Bristol
BS3 2UN
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