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Registration number: 09382604

Rehearse It! Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Rehearse It! Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

Rehearse It! Limited

Company Information

Director

Mr Robin Wilfred Roberts

Registered office

4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

Accountants

Henson ReesRussell 4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rehearse It! Limited
for the 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 accounts of Rehearse It! Limited for the year ended 31 January 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Rehearse It! Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rehearse It! Limited and state those matters that we have agreed to state to the Board of Directors of Rehearse It! Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rehearse It! Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rehearse It! Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Rehearse It! Limited. You consider that Rehearse It! 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 accounts of Rehearse It! 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 accounts.

......................................

Henson ReesRussell
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA

10 July 2025

 

Rehearse It! Limited

(Registration number: 09382604)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

-

3,875

Current assets

 

Debtors

7

1,490

5,463

Cash at bank and in hand

 

9,500

21,202

 

10,990

26,665

Creditors: Amounts falling due within one year

8

(67,477)

(71,571)

Net current liabilities

 

(56,487)

(44,906)

Net liabilities

 

(56,487)

(41,031)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(57,487)

(42,031)

Shareholders' deficit

 

(56,487)

(41,031)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 10 July 2025
 


Mr Robin Wilfred Roberts
Director

 

Rehearse It! Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 South Bar Street
Banbury
Oxfordshire
OX16 9AA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rehearse It! Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

Reducing balance at 25% per annum

Office Equipment

Reducing balance at 25% per annum

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website Development

Over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Rehearse It! Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

-

1,292

5

Intangible assets

Software development costs
£

Total
£

Cost or valuation

At 1 February 2024

49,000

49,000

Disposals

(49,000)

(49,000)

At 31 January 2025

-

-

Amortisation

At 1 February 2024

49,000

49,000

Amortisation eliminated on disposals

(49,000)

(49,000)

At 31 January 2025

-

-

Carrying amount

At 31 January 2025

-

-

 

Rehearse It! Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

19,411

19,411

Disposals

(19,411)

(19,411)

At 31 January 2025

-

-

Depreciation

At 1 February 2024

15,536

15,536

Eliminated on disposal

(15,536)

(15,536)

At 31 January 2025

-

-

Carrying amount

At 31 January 2025

-

-

At 31 January 2024

3,875

3,875

7

Debtors

Current

2025
£

2024
£

Trade debtors

-

-

Other debtors

1,490

5,463

 

1,490

5,463

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

2,715

16

Accruals and deferred income

338

2,028

Other creditors

64,424

69,527

67,477

71,571