Research Europe Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07056079

Research Europe Ltd

Filleted Unaudited Reports and Accounts

31 December 2024

Research Europe Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	7,878	5,316
Investments	7	79,997	79,997
		--------	--------
		87,876	85,314

Current assets

Debtors	8	706,817	548,885
Cash at bank and in hand		579,748	408,003
		------------	---------
		1,286,565	956,888

Creditors: amounts falling due within one year	9	307,020	100,483
		------------	---------
Net current assets		979,545	856,405
		------------	---------
Total assets less current liabilities		1,067,421	941,719

Creditors: amounts falling due after more than one year	10	4,167	14,167
		------------	---------
Net assets		1,063,254	927,552
		------------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	1,063,253	927,551
	------------	---------
Shareholders funds	1,063,254	927,552
	------------	---------

These Reports and Accounts have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

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

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

Research Europe Ltd

Statement of Financial Position (continued)

31 December 2024

These Reports and Accounts were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr S Buchanan
Director

Company registration number: 07056079

Research Europe Ltd

Notes to the Reports and Accounts

Year ended 31 December 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 Earlsfield Business Centre, 9 Lydden Road, London, SW18 4LT.

2. Statement of compliance

These Reports and Accounts 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 Reports and Accounts 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 Reports and Accounts 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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Corporation tax

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	Over 5 years

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2023: 13 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	60,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	59,999
	--------
Carrying amount
At 31 December 2024	1
	--------
At 31 December 2023	1
	--------

6. Tangible assets

	Plant and machinery
	£
Cost
At 1 January 2024	25,077
Additions	5,467
	--------
At 31 December 2024	30,544
	--------
Depreciation
At 1 January 2024	19,761
Charge for the year	2,905
	--------
At 31 December 2024	22,666
	--------
Carrying amount
At 31 December 2024	7,878
	--------
At 31 December 2023	5,316
	--------

7. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	79,997
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------

Carrying amount
At 31 December 2024	79,997
	--------
At 31 December 2023	79,997
	--------

8. Debtors

	2024	2023
	£	£
Trade debtors	401,214	241,560
Other debtors	305,603	307,325
	---------	---------
	706,817	548,885
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Corporation tax	75,271	29,358
Social security and other taxes	115,987	53,389
Other creditors	105,762	7,736
	---------	---------
	307,020	100,483
	---------	---------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	4,167	14,167
	-------	--------