for the Period Ended 31 July 2024
| Company Information - 3 | |
| Report of the Directors - 4 | |
| Balance sheet - 5 | |
| Additional notes - 7 | |
| Balance sheet notes - 10 |
for the Period Ended 31 July 2024
| Director: |
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| Secretary: |
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| Registered office: |
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| Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 July 2024
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
Financial key performance indicators: The key performance indicators for the Company are turnover, gross profit and profit before tax. The results for the year are set out in the Statement of Income and Retained Earnings. The result for the year and financial position at the yearend were considered satisfactory by the Directors. Reassurance remains focused on reducing its general administration and sales costs as part of its integration plans. Going concern: The directors have considered going concern in preparing these financial statements. Having received these support letters and considering the current and forecast financial position of the shareholders and their willingness and ability to provide financial support to the Company as needed, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Directors
The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
As at
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2024 £ |
2023 £ |
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| Fixed assets | |||
| Tangible assets: | 4 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 July 2024
Notes |
2024 £ |
2023 £ |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
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| Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
Intangible fixed assets amortisation policy
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Other accounting policies
for the Period Ended 31 July 2024
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2023 |
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| Average number of employees during the period |
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for the Period Ended 31 July 2024
for the Period Ended 31 July 2024
| Total | |
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| Cost | £ |
| At 01 August 2023 |
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| Revaluations |
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| Transfers |
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| At 31 July 2024 |
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| Depreciation | |
| At 01 August 2023 |
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| On disposals |
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| Other adjustments |
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| At 31 July 2024 |
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| Net book value | |
| At 31 July 2024 |
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| At 31 July 2023 |
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for the Period Ended 31 July 2024
The Company generally only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
Financial assets and liabilities are offset, and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Where financial instruments are classified as complex in accordance with Section 12 of FRS 102, the fair value of complex financial instruments is measured based on the guidance in FRS 102 set out in the Appendix to Chapter 2: Concepts and Pervasive Principles, as required by FRS 102 12.10.
Basic financial instruments are recorded initial at the transaction price (or fair value for financing transaction) and subsequently applying the amortising cost method using the effective interest rate.
for the Period Ended 31 July 2024
| Name of related party: |
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| Description of relationship: | |
| In the directors’ opinion, the company’s ultimate undertaking and controlling party is Reassurance Security Services Limited, a company incorporated and registered in the UK. | |
| Description of the transaction: | |
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