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REGISTERED NUMBER: 04722492 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

E.REINA LIMITED

E.REINA LIMITED (REGISTERED NUMBER: 04722492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E.REINA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: E I Reina
C L Smith





SECRETARY: E I Reina





REGISTERED OFFICE: Century House
Park Farm Road
Park Farm Industrial Estate
Folkestone
Kent
CT19 5DW





REGISTERED NUMBER: 04722492 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

E.REINA LIMITED (REGISTERED NUMBER: 04722492)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 90,585 159,747

CURRENT ASSETS
Stocks 15,550 15,550
Debtors 6 1,308,173 1,785,088
Cash at bank 14,500 139,527
1,338,223 1,940,165
CREDITORS
Amounts falling due within one year 7 1,889,213 2,350,634
NET CURRENT LIABILITIES (550,990 ) (410,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(460,405

)

(250,722

)

CREDITORS
Amounts falling due after more than one
year

8

(30,940

)

(76,350

)

PROVISIONS FOR LIABILITIES (14,841 ) (31,633 )
NET LIABILITIES (506,186 ) (358,705 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (506,286 ) (358,805 )
(506,186 ) (358,705 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





E I Reina - Director


E.REINA LIMITED (REGISTERED NUMBER: 04722492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

E.reina Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 is 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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The Directors have given an undertaking to support the company until it returns to a net assets position. It is considered appropriate to prepare the accounts on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 39 ) .

E.REINA LIMITED (REGISTERED NUMBER: 04722492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 425,391
Additions 999
Disposals (9,326 )
At 31 July 2024 417,064
DEPRECIATION
At 1 August 2023 265,644
Charge for year 70,161
Eliminated on disposal (9,326 )
At 31 July 2024 326,479
NET BOOK VALUE
At 31 July 2024 90,585
At 31 July 2023 159,747

Included in the above are assets which are held under hire purchase contracts, the cost of these assets are £331,030, the depreciation charge for the year is £66,830 and the net book value is £83,340.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,063,210 1,571,144
Other debtors 244,963 213,944
1,308,173 1,785,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,838 10,000
Hire purchase contracts 36,371 73,350
Trade creditors 1,049,514 1,175,713
Taxation and social security 162,298 20,348
Other creditors 613,192 1,071,223
1,889,213 2,350,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,334 18,333
Hire purchase contracts 22,606 58,017
30,940 76,350

E.REINA LIMITED (REGISTERED NUMBER: 04722492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 58,977 131,367
Factoring account - 303,434
Business financing 321,731 289,030
380,708 723,831

The amounts due on hire purchase contracts are secured on the assets to which they relate.

The Company's bank hold a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

The Factoring amounts are secured against the debts that are factored.

The business financing is secured by way of a 2nd debenture and a personal guarantee from the majority shareholders and a 2nd charge on the shareholders own property.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
E I Reina
Balance outstanding at start of year 124,925 69,558
Amounts advanced 35,329 55,367
Amounts repaid (30,710 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129,544 124,925

The above loan is unsecured and repayable on demand. Interest is charged at 4% per annum.