Company Registration No. SC317206 (Scotland)
A REYNOLDS AND SON LIMITED
Unaudited accounts
for the year ended 31 March 2025
A REYNOLDS AND SON LIMITED
Unaudited accounts
Contents
A REYNOLDS AND SON LIMITED
Company Information
for the year ended 31 March 2025
Directors
Thomas Reynolds
Lisa Reynolds
Company Number
SC317206 (Scotland)
Registered Office
1120 SOUTH STREET
GLASGOW
G14 0AP
Accountants
Malcolm Shepherd & Co Ltd C.A.
151 Kirkintilloch Road
Bishopbriggs
Glasgow
G64 2LS
A REYNOLDS AND SON LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
151,444
103,012
Inventories
24,654
124,090
Cash at bank and in hand
224,152
562,256
Creditors: amounts falling due within one year
(152,879)
(140,807)
Net current assets
554,064
836,110
Net assets
705,508
939,122
Called up share capital
1,000
1,000
Profit and loss account
704,508
938,122
Shareholders' funds
705,508
939,122
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by
Thomas Reynolds
Director
Company Registration No. SC317206
A REYNOLDS AND SON LIMITED
Notes to the Accounts
for the year ended 31 March 2025
A REYNOLDS AND SON LIMITED is a private company, limited by shares, registered in Scotland, registration number SC317206. The registered office is 1120 SOUTH STREET , GLASGOW , G14 0AP .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% p.a. straight line
Plant & machinery
25% p.a. reducing balance
Motor vehicles
25% p.a. reducing balance
Computer equipment
25% p.a. reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
A REYNOLDS AND SON LIMITED
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
140,000
156,746
7,995
9,394
314,135
Additions
-
80,580
-
28,300
108,880
Disposals
-
(32,000)
-
-
(32,000)
At 31 March 2025
140,000
205,326
7,995
37,694
391,015
At 1 April 2024
109,008
88,064
7,194
6,857
211,123
Charge for the year
7,748
34,824
200
7,709
50,481
On disposals
-
(22,033)
-
-
(22,033)
At 31 March 2025
116,756
100,855
7,394
14,566
239,571
At 31 March 2025
23,244
104,471
601
23,128
151,444
At 31 March 2024
30,992
68,682
801
2,537
103,012
Amounts falling due within one year
Trade debtors
218,137
20,571
Other debtors
240,000
270,000
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
1,375
Trade creditors
2,452
3,074
Taxes and social security
2,567
10,635
Loans from directors
17,391
14,391
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Transactions with related parties
During the year the company received £30,000 in loan repayments from associate company Reynolds Property Rentals Limited. The balance owing by the borrower at the the year end date was £270,000.
9
Average number of employees
During the year the average number of employees was 6 (2024: 5).