4 false false false false false false false false false false true false false true true true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 24,110 5,092 19,018 xbrli:pure xbrli:shares iso4217:GBP 8225564 2023-10-01 2024-09-30 8225564 2024-09-30 8225564 2023-09-30 8225564 2022-10-01 2023-09-30 8225564 2023-09-30 8225564 2022-09-30 8225564 core:MotorVehicles 2023-10-01 2024-09-30 8225564 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 8225564 bus:Director2 2023-10-01 2024-09-30 8225564 core:MotorVehicles 2023-09-30 8225564 core:MotorVehicles 2024-09-30 8225564 core:WithinOneYear 2024-09-30 8225564 core:WithinOneYear 2023-09-30 8225564 core:AfterOneYear 2024-09-30 8225564 core:AfterOneYear 2023-09-30 8225564 core:UKTax 2023-10-01 2024-09-30 8225564 core:UKTax 2022-10-01 2023-09-30 8225564 core:ShareCapital 2024-09-30 8225564 core:ShareCapital 2023-09-30 8225564 core:RetainedEarningsAccumulatedLosses 2024-09-30 8225564 core:RetainedEarningsAccumulatedLosses 2023-09-30 8225564 core:DeferredTaxation 2023-10-01 2024-09-30 8225564 core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 8225564 core:AcceleratedTaxDepreciationDeferredTax 2023-09-30 8225564 core:MotorVehicles 2023-09-30 8225564 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-09-30 8225564 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-09-30 8225564 core:DeferredTaxation 2023-09-30 8225564 core:DeferredTaxation 2024-09-30 8225564 bus:SmallEntities 2023-10-01 2024-09-30 8225564 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 8225564 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 8225564 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 8225564 bus:FullAccounts 2023-10-01 2024-09-30 8225564 bus:OrdinaryShareClass1 2024-09-30 8225564 bus:OrdinaryShareClass1 2023-09-30
COMPANY REGISTRATION NUMBER: 8225564
Reohorn Automatics & Amusements Limited
Filleted Unaudited Financial Statements
30 September 2024
Reohorn Automatics & Amusements Limited
Financial Statements
Year ended 30 September 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 7
Reohorn Automatics & Amusements Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
107,924
126,897
Current assets
Stocks
13,247
13,785
Debtors
7
7,788
11,136
Cash at bank and in hand
26,297
45,233
--------
--------
47,332
70,154
Creditors: amounts falling due within one year
8
( 55,964)
( 51,636)
--------
--------
Net current (liabilities)/assets
( 8,632)
18,518
---------
---------
Total assets less current liabilities
99,292
145,415
Creditors: amounts falling due after more than one year
9
( 41,052)
( 49,985)
Provisions
Taxation including deferred tax
10
( 19,018)
( 24,110)
--------
---------
Net assets
39,222
71,320
--------
---------
Capital and reserves
Called up share capital
12
2
2
Profit and loss account
39,220
71,318
--------
--------
Shareholders funds
39,222
71,320
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Reohorn Automatics & Amusements Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Mr L Reohorn
Director
Company registration number: 8225564
Reohorn Automatics & Amusements Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5 East Estate, Withybush Business Park, Withybush Road, Haverfordwest, Pembrokeshire, SA62 4BW.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
16% straight line
Office Equipment
-
16 % straight line
Amusement Machines
-
16 % straight line
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tax on (loss)/profit
Major components of tax (income)/expense
2024
2023
£
£
Current tax:
UK current tax expense
165
Adjustments in respect of prior periods
( 165)
----
----
Total current tax
( 165)
165
----
----
Deferred tax:
Origination and reversal of timing differences
( 5,092)
644
-------
----
Tax on (loss)/profit
( 5,257)
809
-------
----
6. Tangible assets
Motor Vehicles
Office Equipment
Amusement Machines
Total
£
£
£
£
Cost
At 1 October 2023
64,767
5,527
399,656
469,950
Additions
22,982
22,982
Disposals
( 12,488)
( 12,488)
--------
-------
---------
---------
At 30 September 2024
64,767
5,527
410,150
480,444
--------
-------
---------
---------
Depreciation
At 1 October 2023
40,919
3,934
298,200
343,053
Charge for the year
5,727
492
32,312
38,531
Disposals
( 9,064)
( 9,064)
--------
-------
---------
---------
At 30 September 2024
46,646
4,426
321,448
372,520
--------
-------
---------
---------
Carrying amount
At 30 September 2024
18,121
1,101
88,702
107,924
--------
-------
---------
---------
At 30 September 2023
23,848
1,593
101,456
126,897
--------
-------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor Vehicles
£
At 30 September 2024
13,333
--------
At 30 September 2023
16,667
--------
7. Debtors
2024
2023
£
£
Trade debtors
1,454
5,036
Other debtors
6,334
6,100
-------
--------
7,788
11,136
-------
--------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts (secured)
5,863
5,448
Trade creditors
19,170
22,281
Corporation tax
165
Social security and other taxes
24,462
17,695
Hire purchase agreements (secured)
3,215
2,884
Other creditors
3,254
3,163
--------
--------
55,964
51,636
--------
--------
The HSBC bank facilities are secured by a debenture dated 6 March 2013 over the assets of the company.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts (secured)
29,389
35,107
Hire purchase agreements (secured)
11,663
14,878
--------
--------
41,052
49,985
--------
--------
Included within creditors: amounts falling due after more than one year is an amount of £7,057 (2023: £13,315) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
10. Provisions
Deferred tax (note 11)
£
At 1 October 2023
24,110
Charge against provision
( 5,092)
--------
At 30 September 2024
19,018
--------
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 10)
19,018
24,110
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
19,018
24,110
--------
--------
12. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
13. Related party transactions
The company was under the control of Mr L Reohorn ,the director, during the current and previous year by virtue of his majority shareholding. During the year the company paid dividends totalling £9,600 (2023 - £9,503) to the shareholders.