Reach Consultancy Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Reach Consultancy Ltd For The Year Ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Reach Consultancy Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Reach Consultancy Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Reach Consultancy Ltd and state those matters that we have agreed to state to the directors of Reach Consultancy Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reach Consultancy Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Reach Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Reach Consultancy Ltd . You consider that Reach Consultancy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Reach Consultancy Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

30/09/2025

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

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Reach Consultancy Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 12374009

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		220,206		109,607
Investments	5		75,592		56,549

			295,798		166,156
CURRENT ASSETS
Debtors	6	149,641		394,046
Cash at bank and in hand		939,841		803,976

		1,089,482		1,198,022
Creditors: Amounts Falling Due Within One Year	7	(144,344 )		(168,090 )

NET CURRENT ASSETS (LIABILITIES)			945,138		1,029,932

TOTAL ASSETS LESS CURRENT LIABILITIES			1,240,936		1,196,088

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,672 )		(826 )

NET ASSETS			1,237,264		1,195,262

CAPITAL AND RESERVES
Called up share capital	8		200		200
Profit and Loss Account			1,237,064		1,195,062

SHAREHOLDERS' FUNDS			1,237,264		1,195,262

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Reach Consultancy Ltd

Balance Sheet (continued)

As At 31 December 2024

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 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.

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 R Prince

Director

30/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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Reach Consultancy Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Reach Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12374009 . The registered office is 250 Humberstone Road, Leicester, LE5 0EG.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Freehold	0% on Cost
Leasehold	0% on Cost
Plant & Machinery	25% on Cost
Motor Vehicles	25% on Cost
Computer Equipment	25% on Cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Reach Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 4 (2023: 3)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2024	83,492	43,363	126,855
Additions	103,135	20,652	123,787
Disposals	-	(1,995 )	(1,995 )

As at 31 December 2024	186,627	62,020	248,647

Depreciation
As at 1 January 2024	-	17,248	17,248
Provided during the period	-	12,689	12,689
Disposals	-	(1,496 )	(1,496 )

As at 31 December 2024	-	28,441	28,441

Net Book Value
As at 31 December 2024	186,627	33,579	220,206

As at 1 January 2024	83,492	26,115	109,607

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Reach Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Other
	£
Cost or Valuation
As at 1 January 2024	56,549
Additions	19,043

As at 31 December 2024	75,592

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	75,592

As at 1 January 2024	56,549

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	56,800	121,865
Prepayments and accrued income	3,399	945
Other debtors	8,735	8,735
VAT	-	3,251
Directors' loan accounts	78,745	111,589

	147,679	246,385
Due after more than one year
Other debtors	1,962	147,661

	149,641	394,046

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,002	6,627
Corporation tax	139,550	160,301
Other taxes and social security	1,486	1,162
VAT	306	-

	144,344	168,090

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

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Reach Consultancy Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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 Richard Prince	111,589	-	32,844	-	78,745

The above loan is unsecured, interest free and repayable on demand.

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