0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 18,059 8,715 xbrli:pure xbrli:shares iso4217:GBP 07037678 2023-11-01 2024-10-31 07037678 2024-10-31 07037678 2023-10-31 07037678 2022-11-01 2023-10-31 07037678 2023-10-31 07037678 2022-10-31 07037678 bus:RegisteredOffice 2023-11-01 2024-10-31 07037678 bus:Director1 2023-11-01 2024-10-31 07037678 bus:Director2 2023-11-01 2024-10-31 07037678 core:WithinOneYear 2024-10-31 07037678 core:WithinOneYear 2023-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2023-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2022-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2024-10-31 07037678 core:RetainedEarningsAccumulatedLosses 2023-10-31 07037678 core:ShareCapital 2024-10-31 07037678 core:ShareCapital 2023-10-31 07037678 bus:SmallEntities 2023-11-01 2024-10-31 07037678 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07037678 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07037678 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07037678 bus:FullAccounts 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 07037678
Review and Investigation Limited
Unaudited Financial Statements
31 October 2024
Review and Investigation Limited
Financial Statements
Year ended 31 October 2024
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
4
Review and Investigation Limited
Directors' Report
Year ended 31 October 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 October 2024 .
Directors
The directors who served the company during the year were as follows:
Mrs B.J. Johnston
Mr P.K. Johnston
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 July 2025 and signed on behalf of the board by:
Mr P.K. Johnston
Director
Registered office:
113 Lyndale Drive
Wrenthorpe
Wakefield
England
WF2 0NG
Review and Investigation Limited
Statement of Income and Retained Earnings
Year ended 31 October 2024
2024
2023
Note
£
£
Turnover
24,728
32,217
Cost of sales
8,255
--------
--------
Gross profit
24,728
23,962
Administrative expenses
6,516
13,091
--------
--------
Operating profit
18,212
10,871
Interest payable and similar expenses
4
153
112
--------
--------
Profit before taxation
18,059
10,759
Tax on profit
2,044
--------
--------
Profit for the financial year and total comprehensive income
18,059
8,715
--------
--------
Dividends paid and payable
( 10,000)
( 29,000)
Retained (losses)/earnings at the start of the year
( 13,465)
6,820
--------
--------
Retained losses at the end of the year
( 5,406)
( 13,465)
--------
--------
All the activities of the company are from continuing operations.
Review and Investigation Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
79
119
Cash at bank and in hand
975
1,431
-------
-------
1,054
1,550
Creditors: amounts falling due within one year
6
6,360
14,915
-------
--------
Net current liabilities
5,306
13,365
-------
--------
Total assets less current liabilities
( 5,306)
( 13,365)
-------
--------
Net liabilities
( 5,306)
( 13,365)
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 5,406)
( 13,465)
-------
--------
Shareholders deficit
( 5,306)
( 13,365)
-------
--------
These financial statements have been prepared 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'.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 July 2025 , and are signed on behalf of the board by:
Mr P.K. Johnston
Director
Company registration number: 07037678
Review and Investigation Limited
Notes to the Financial Statements
Year ended 31 October 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 113 Lyndale Drive, Wrenthorpe, Wakefield, WF2 0NG, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
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.
Income tax
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.
4. Interest payable and similar expenses
2024
2023
£
£
Interest on banks loans and overdrafts
153
112
----
----
5. Debtors
2024
2023
£
£
Other debtors
79
119
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,044
Other creditors
6,360
12,871
-------
--------
6,360
14,915
-------
--------
7. Related party transactions
The company was under the control of Mrs Johnston throughout the current and previous year. Mrs Johnston is the majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.