REGISTERED NUMBER: 09156999 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

REECE DRYWALL LIMITED

Page

Company Information

1

Report of the Directors

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R C Jackson

Mr R Parkin

REGISTERED OFFICE:

Unit 4, Sycamore House

Moorgreen Industrial Park

Engine Lane

Moorgreen

Nottinghamshire

NG16 3QU

REGISTERED NUMBER:

09156999 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

The directors present their report with the financial statements of the company for the year ended 31st January 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st February 2024 to the date of this report.

Mr R C Jackson

Mr R Parkin

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr R C Jackson - Director

17th July 2025

FIXED ASSETS

Tangible assets

4

282,851

322,299

CURRENT ASSETS

Stocks

43,963

36,912

Debtors

1,013,376

830,244

Cash at bank

56,914

109,428

1,114,253

976,584

CREDITORS

Amounts falling due within one year

884,060

759,635

NET CURRENT ASSETS

230,193

216,949

TOTAL ASSETS LESS CURRENT LIABILITIES

513,044

539,248

CREDITORS

Amounts falling due after more than one year

(185,594

)

(279,453

)

PROVISIONS FOR LIABILITIES

(70,712

)

(80,575

)

NET ASSETS

256,738

179,220

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

256,638

179,120

SHAREHOLDERS' FUNDS

256,738

179,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2025 and were signed on its behalf by:

Mr R C Jackson - Director

Mr R Parkin - Director

1.	STATUTORY INFORMATION

Reece Drywall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock is valued at the lower of cost and net realisable value, less costs to sell. This includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit & loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st February 2024

510,932

Additions

76,362

Disposals

(70,109

)

At 31st January 2025

517,185

DEPRECIATION

At 1st February 2024

188,633

Charge for year

83,908

Eliminated on disposal

(38,207

)

At 31st January 2025

234,334

NET BOOK VALUE

At 31st January 2025

282,851

At 31st January 2024

322,299

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st February 2024

423,210

Additions

59,583

Disposals

(55,000

)

Transfer to ownership

(20,700

)

At 31st January 2025

407,093

DEPRECIATION

At 1st February 2024

127,504

Charge for year

74,044

Eliminated on disposal

(28,382

)

Transfer to ownership

(12,555

)

At 31st January 2025

160,611

NET BOOK VALUE

At 31st January 2025

246,482

At 31st January 2024

295,706

5.	LEASING AGREEMENTS

Total commitments under non cancellable operating leases at the balance sheet date is £749 (2024: £4,232)

6.	RELATED PARTY DISCLOSURES

During the year the company lent money to a connected company, of which the directors holds a participating interest. The loan is on an interest free basis, with the balance outstanding being repayable upon demand. The balance outstanding at the year end date was £104,651 (2024: £39,651)