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REGISTERED NUMBER: 10928079 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

REFLECT YARM Ltd

REFLECT YARM Ltd (Registered number: 10928079)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REFLECT YARM Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Dr C A Mercer-Quinn





REGISTERED OFFICE: Tirrem House
16 The High Street
Yarm
North Yorkshire
TS15 9AE





REGISTERED NUMBER: 10928079 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

REFLECT YARM Ltd (Registered number: 10928079)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,776 3,197

CURRENT ASSETS
Debtors 5 - 91
Cash at bank 39,225 46,469
39,225 46,560
CREDITORS
Amounts falling due within one year 6 1,574 5,707
NET CURRENT ASSETS 37,651 40,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,427

44,050

CREDITORS
Amounts falling due after more than one
year

7

(477

)

(943

)

PROVISIONS FOR LIABILITIES (717 ) -
NET ASSETS 40,233 43,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,133 43,007
40,233 43,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

REFLECT YARM Ltd (Registered number: 10928079)

Balance Sheet - continued
31 August 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 13 May 2025 and were signed by:





Dr C A Mercer-Quinn - Director


REFLECT YARM Ltd (Registered number: 10928079)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

REFLECT YARM Ltd 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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

REFLECT YARM Ltd (Registered number: 10928079)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 8,171
Additions 2,681
At 31 August 2024 10,852
DEPRECIATION
At 1 September 2023 4,974
Charge for year 2,102
At 31 August 2024 7,076
NET BOOK VALUE
At 31 August 2024 3,776
At 31 August 2023 3,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 91

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 475 474
Taxation and social security 1,099 5,233
1,574 5,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 477 943

REFLECT YARM Ltd (Registered number: 10928079)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Dr C A Mercer-Quinn
Balance outstanding at start of year 90 -
Amounts advanced - 28,877
Amounts repaid (90 ) (28,787 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 90

No interest has been charged on the above loan.