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Registered number: 12337622
Rees Technical Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Nasa Accountants Ltd
5th Floor Blok
1 Castle Park
Bristol
BS2 0JA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12337622
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 789 664
789 664
CURRENT ASSETS
Debtors 5 971,191 670,473
Cash at bank and in hand 262,856 276,963
1,234,047 947,436
Creditors: Amounts Falling Due Within One Year 6 (293,316 ) (185,032 )
NET CURRENT ASSETS (LIABILITIES) 940,731 762,404
TOTAL ASSETS LESS CURRENT LIABILITIES 941,520 763,068
Creditors: Amounts Falling Due After More Than One Year 7 (34,722 ) (40,278 )
NET ASSETS 906,798 722,790
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 906,698 722,690
SHAREHOLDERS' FUNDS 906,798 722,790
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Rees
Director
30/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rees Technical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12337622 . The registered office is 5th Floor Blok, 1 Castle Park, Bristol, BS2 0JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line over 5 Years
Computer Equipment Straight Line over 3 Years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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Page 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 541 2,534 3,075
Additions - 400 400
As at 31 December 2024 541 2,934 3,475
Depreciation
As at 1 January 2024 221 2,190 2,411
Provided during the period 113 162 275
As at 31 December 2024 334 2,352 2,686
Net Book Value
As at 31 December 2024 207 582 789
As at 1 January 2024 320 344 664
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 167,888 304,163
Prepayments and accrued income 145,121 113,187
Other debtors 20,300 -
Other taxes and social security 40 85
Director's loan account 502 12,264
333,851 429,699
Due after more than one year
Other debtors 637,340 240,774
971,191 670,473
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 175,159 82,931
Corporation tax 83,973 70,654
VAT 32,901 30,434
Net wages 1,283 1,013
293,316 185,032
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,722 40,278
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Paul Rees 12,263 - 12,263 - -
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Rees Residential Lettings LTD
Rees Technical LTD and Rees Residential Lettings LTD are under common control directorship and ownership of Mr Paul Rees.
During the year the company loaned Rees Residential Lettings LTD an additional sum of £481,570.97 (£167,774.27 in 2023) which remains outstanding at yearend.
The total loan outstanding of £637,339.76 (£240,774.27 in 2023) is included in other debtors due after more than one year.
11. Off-Balance Sheet Arrangements
Operating Lease 
During the year Rees Technical LTD was engaged in an operating lease on a vehicle. 
The lease payments are recognised as an expense in the statement of profit and loss over the term of the lease on a straight line basis.
The total commitment under the lease agreement as of 31 December 2024 which is not shown in the balance sheet is £8,661.
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