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Registered Number: 13569303
England and Wales

 

 

 

REAP LEADERSHIP LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2024

End date: 31 August 2025
Director Mrs V A Stead
Registered Number 13569303
Registered Office Milton House
15 Milton Road
Poole
BH14 9QL
Accountants Numeric Accounting Limited
Chartered Certified Accountants
Suite 1, The Portway Centre,
Old Sarum Park, Old Sarum
Salisbury
SP4 6EB
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 25,793    34,186 
25,793    34,186 
Current assets      
Debtors: amounts falling due within one year 4 918    25,200 
Cash at bank and in hand 84,885    54,570 
85,803    79,770 
Creditors: amount falling due within one year 5 (10,422)   (17,020)
Net current assets 75,381    62,750 
 
Total assets less current liabilities 101,174    96,936 
Provisions for liabilities 6 (4,960)   (6,496)
Net assets 96,214    90,440 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 96,114    90,340 
Shareholders' funds 96,214    90,440 
 


For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 06 October 2025 and were signed by:


-------------------------------
Mrs V A Stead
Director
2
General Information
Reap Leadership Ltd is a private company, limited by shares, registered in England and Wales, registration number 13569303, registration address Milton House, 15 Milton Road, Poole, BH14 9QL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Straight Line
Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 September 2024 318    39,542    1,776    7,885    49,521 
Additions       2,258    2,258 
Disposals (318)     (1,776)   (2,621)   (4,715)
At 31 August 2025   39,542      7,522    47,064 
Depreciation
At 01 September 2024 126    10,503    787    3,918    15,334 
Charge for year   7,260      719    7,979 
On disposals (126)     (787)   (1,129)   (2,042)
At 31 August 2025   17,763      3,508    21,271 
Net book values
Closing balance as at 31 August 2025   21,779      4,014    25,793 
Opening balance as at 01 September 2024 192    29,039    988    3,967    34,186 


4.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors   25,200 
VAT 918   
918    25,200 

5.

Creditors: amount falling due within one year

2025
£
  2024
£
Corporation Tax 8,539    2,504 
PAYE & Social Security 106    394 
Accrued Expenses 1,680   
Other Creditors   188 
Directors' Current Accounts 97    581 
VAT   13,353 
10,422    17,020 

6.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 4,960    6,496 
4,960    6,496 

7.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

8.

Director’s loan

Directors Loan

Loan from Mrs V Stead   2025
£
Balance at 1 Sept 2024 (680)
Repayments 32,978 
Withdrawals (32,395)
(97)

Loan from the director is interest free and repayable on demand.
3