Registration number:
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Z Reynolds 1973 Holdings Ltd
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Z Reynolds 1973 Holdings Ltd
Statement of Financial Position as at 30 April 2024
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Note |
2024 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
121,025 |
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Shareholders' funds |
121,026 |
For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.
Approved and authorised by the
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Z M Reynolds
Director
Company registration number: 14820896
Z Reynolds 1973 Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 23 April 2023 to 30 April 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of the provision of consultancy services.
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The company made a profit for the period ended 30 April 2024 and had net assets at that date of £121,026.
On the basis of the above and after making enquiries, the directors have a reasonable expectation that the company has adequate reserves to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements under the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue from consultancy services after the period in which the services are provided.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Z Reynolds 1973 Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 23 April 2023 to 30 April 2024
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company during the period, was
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Debtors |
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2024 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Taxation and social security |
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Accruals and deferred income |
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Transactions with directors |
At 30 April 2024 an amount of £226,951 was due from the directors. During the period, advances of £430,017 and repayments of £205,628 were made. Interest of £2,562 is payable to the company at 2.25% per annum and there are no terms in place.