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Registered number: 02165809
Reaktion Books Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Director Mr Michael Leaman
Secretary Mr Oliver Leaman
Company Number 02165809
Registered Office 2-4 Sebastian Street
London
EC1V 0HE
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 02165809
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,186 5,664
Tangible Assets 5 18,536 26,647
22,722 32,311
CURRENT ASSETS
Stocks 6 2,704,982 2,722,406
Debtors 7 831,898 726,807
Cash at bank and in hand 585,929 1,014,136
4,122,809 4,463,349
Creditors: Amounts Falling Due Within One Year 8 (414,569 ) (470,723 )
NET CURRENT ASSETS (LIABILITIES) 3,708,240 3,992,626
TOTAL ASSETS LESS CURRENT LIABILITIES 3,730,962 4,024,937
NET ASSETS 3,730,962 4,024,937
CAPITAL AND RESERVES
Called up share capital 43,325 43,325
Share premium account 9,069,094 9,069,094
Profit and Loss Account (5,381,457 ) (5,087,482 )
SHAREHOLDERS' FUNDS 3,730,962 4,024,937
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Leaman
Director
15 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Reaktion Books Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02165809 . The registered office is 2-4 Sebastian Street, London, EC1V 0HE.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Computer software and website redevelopment are being amortised to the profit and loss account evenly over their estimated useful life of five years. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.10. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 82,318
As at 31 December 2024 82,318
Amortisation
As at 1 January 2024 76,654
Provided during the period 1,478
As at 31 December 2024 78,132
Net Book Value
As at 31 December 2024 4,186
As at 1 January 2024 5,664
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 32,045 129,024 46,977 208,046
Additions - - 566 566
As at 31 December 2024 32,045 129,024 47,543 208,612
Depreciation
As at 1 January 2024 27,238 126,881 27,280 181,399
Provided during the period 3,205 536 4,936 8,677
As at 31 December 2024 30,443 127,417 32,216 190,076
Net Book Value
As at 31 December 2024 1,602 1,607 15,327 18,536
As at 1 January 2024 4,807 2,143 19,697 26,647
6. Stocks
2024 2023
£ £
Stock 2,529,680 2,589,171
Work in progress 175,302 133,235
2,704,982 2,722,406
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 599,777 515,951
Prepayments and accrued income 110,211 93,184
Other debtors 106,914 103,869
VAT 14,996 13,803
831,898 726,807
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 183,574 179,159
Other taxes and social security 20,471 20,379
Other creditors 3,807 1,157
Pension contribution 3,164 9,396
Accruals and deferred income 202,682 259,761
Amounts owed to other participating interests 871 871
414,569 470,723
Page 5