REGISTERED NUMBER: 02813933 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Reader Commercial Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Reader

M A Reader

SECRETARY:

M A Reader

REGISTERED OFFICE:

Hubbard House

Civic Drive

Ipswich

Suffolk

IP1 2QA

REGISTERED NUMBER:

02813933 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

4

262

351

CURRENT ASSETS

Debtors

5

111,414

85,984

Cash at bank

20,608

-

132,022

85,984

CREDITORS

Amounts falling due within one year

6

65,977

71,186

NET CURRENT ASSETS

66,045

14,798

TOTAL ASSETS LESS CURRENT LIABILITIES

66,307

15,149

CAPITAL AND RESERVES

Called up share capital

76

76

Capital redemption reserve

24

24

Retained earnings

66,207

15,049

SHAREHOLDERS' FUNDS

66,307

15,149

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 10 November 2025 and were signed on its behalf by:

M A Reader - Director

M H Reader - Director

1.	STATUTORY INFORMATION

Reader Commercial Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

3,635

5,411

9,046

DEPRECIATION

At 1 April 2024

3,539

5,156

8,695

Charge for year

24

65

89

At 31 March 2025

3,563

5,221

8,784

NET BOOK VALUE

At 31 March 2025

72

190

262

At 31 March 2024

96

255

351

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

30,518

30,518

Directors' current accounts

80,896

55,466

111,414

85,984

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 7)

-

21,387

Tax

14,068

6,408

Social security and other taxes

10,814

10,090

VAT

10,495

2,701

Other creditors

28,000

28,000

Accrued expenses

2,600

2,600

65,977

71,186

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

21,387

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M H Reader and M A Reader

Balance outstanding at start of year

55,466

112,525

Amounts advanced

25,430

47,565

Amounts repaid

-

(104,624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,896

55,466