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Company No: 09267471 (England and Wales)

REEVE'S TALES LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

REEVE'S TALES LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

REEVE'S TALES LTD

BALANCE SHEET

As at 31 December 2024
REEVE'S TALES LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 1,828 3,290
1,828 3,290
Current assets
Debtors 5 13,726 39,547
Cash at bank and in hand 356,348 449,515
370,074 489,062
Creditors: amounts falling due within one year 6 ( 95,699) ( 76,855)
Net current assets 274,375 412,207
Total assets less current liabilities 276,203 415,497
Net assets 276,203 415,497
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 276,103 415,397
Total shareholders' funds 276,203 415,497

For the financial 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.

Directors' responsibilities:

The financial statements of Reeve's Tales Ltd (registered number: 09267471) were approved and authorised for issue by the Board of Directors on 09 June 2025. They were signed on its behalf by:

Mr P Reeve
Director
REEVE'S TALES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
REEVE'S TALES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Reeve's Tales Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue based on the value of the services and goods provided to that date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Basic financial instruments are initially measured at transaction price, including costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 10,000 10,000
At 31 December 2024 10,000 10,000
Accumulated amortisation
At 01 January 2024 10,000 10,000
At 31 December 2024 10,000 10,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 January 2024 2,601 6,705 9,306
At 31 December 2024 2,601 6,705 9,306
Accumulated depreciation
At 01 January 2024 1,138 4,878 6,016
Charge for the financial year 650 812 1,462
At 31 December 2024 1,788 5,690 7,478
Net book value
At 31 December 2024 813 1,015 1,828
At 31 December 2023 1,463 1,827 3,290

5. Debtors

2024 2023
£ £
Other debtors 13,726 39,547

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 2,621 8,494
Other creditors 93,078 68,361
95,699 76,855

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100