1 February 2024 v2025.36.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP079229802024-02-012025-01-31079229802025-01-31079229802024-01-3107922980core:WithinOneYear2025-01-3107922980core:WithinOneYear2024-01-3107922980core:ShareCapital2025-01-3107922980core:ShareCapital2024-01-3107922980core:SharePremium2025-01-3107922980core:SharePremium2024-01-3107922980core:RetainedEarningsAccumulatedLosses2025-01-3107922980core:RetainedEarningsAccumulatedLosses2024-01-3107922980bus:Director12024-02-012025-01-3107922980bus:RegisteredOffice2024-02-012025-01-3107922980core:OtherResidualIntangibleAssets2024-02-012025-01-3107922980core:FurnitureFittings2024-02-012025-01-3107922980core:OfficeEquipment2024-02-012025-01-3107922980core:LandBuildings2024-02-012025-01-31079229802023-02-012024-01-3107922980core:IntangibleAssetsOtherThanGoodwill2024-02-0107922980core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3107922980core:IntangibleAssetsOtherThanGoodwill2025-01-3107922980core:IntangibleAssetsOtherThanGoodwill2024-01-3107922980core:LandBuildings2025-01-3107922980core:PlantMachinery2025-01-3107922980core:LandBuildings2024-02-0107922980core:PlantMachinery2024-02-01079229802024-02-0107922980core:PlantMachinery2024-02-012025-01-3107922980core:PlantMachinery2024-01-310792298012024-02-012025-01-3107922980countries:EnglandWales2024-02-012025-01-3107922980bus:AuditExemptWithAccountantsReport2024-02-012025-01-3107922980bus:PrivateLimitedCompanyLtd2024-02-012025-01-3107922980bus:SmallEntities2024-02-012025-01-3107922980bus:FullAccounts2024-02-012025-01-31
Company registration number:
07922980
Report Support Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2025
Report Support Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Report Support Limited
Year ended
31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Report Support Limited
for the year ended
31 January 2025
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Report Support Limited
, as a body, in accordance with the terms of our engagement letter dated 7 January 2022. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Report Support Limited
and state those matters that we have agreed to state to the Board of Directors of
Report Support Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Report Support Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Report Support Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Report Support Limited
. You consider that
Report Support Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Report Support Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Fitton & Co
Chartered Certified Accountants
Callis Mill
Woodland View
Hebden Bridge
West Yorkshire
HX7 6PJ
United Kingdom
Date:
13 June 2025
Report Support Limited
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Intangible assets 5
35,589
 
17,381
 
Tangible assets 6
688
 
879
 
36,277
 
18,260
 
Current assets    
Debtors 7
170,937
 
190,210
 
Cash at bank and in hand
28,119
 
46,114
 
199,056
 
236,324
 
Creditors: amounts falling due within one year 8
(17,716
)
(26,693
)
Net current assets
181,340
 
209,631
 
Total assets less current liabilities 217,617   227,891  
Capital and reserves    
Called up share capital
111
 
111
 
Share premium
15,489
 
15,489
 
Profit and loss account
202,017
 
212,291
 
Shareholders funds
217,617
 
227,891
 
For the year ending
31 January 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
13 June 2025
, and are signed on behalf of the board by:
R Longden
Director
Company registration number:
07922980
Report Support Limited
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34 High Street
,
Northwich
,
Cheshire
,
CW9 5BE
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Significant judgements
The directors have reviewed the carrying balances of debtors and are of the opinion that their fair value is not materially different from those stated in the accounts. No other significant judgements have had to be made by the directors in preparing these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
Revalued on the open market

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% straight line
Office equipment
20% straight line
Land and buildings
20% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Intangible assets

Other intangible assets
£
Cost or valuation  
At
1 February 2024
17,381
 
Revaluations
18,208
 
At
31 January 2025
35,589
 
Amortisation  
At
1 February 2024
and
31 January 2025
-  
Carrying amount  
At
31 January 2025
35,589
 
At 31 January 2024
17,381
 
Intangible asset revaluation
During the year Crypto Currency held as an intangible asset has been revalued on the open market.
The carrying value as at 31 January 2025 is £35,589 (2024 - £17,381).

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 February 2024
and
31 January 2025
3,150
 
30,832
 
33,982
 
Depreciation      
At
1 February 2024
3,150
 
29,953
 
33,103
 
Charge -  
191
 
191
 
At
31 January 2025
3,150
 
30,144
 
33,294
 
Carrying amount      
At
31 January 2025
-  
688
 
688
 
At 31 January 2024 -  
879
 
879
 

7 Debtors

20252024
££
Trade debtors
167,447
 
189,920
 
Other debtors
3,490
 
290
 
170,937
 
190,210
 

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors
13,310
 
18,569
 
Taxation and social security
203
 
3,526
 
Other creditors
4,203
 
4,598
 
17,716
 
26,693
 

9 Operating leases

The company as lessee    
20252024
££
Not later than 1 year
8,958
 
8,400.00