D R Reaney & Sons Ltd - Filleted accounts

Registered number

05918246

D R Reaney & Sons Ltd

Report and Accounts

31 August 2025

D R Reaney & Sons Ltd
Registered number:		05918246
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		1,271,213			563,262

Current assets
Stocks		14,555			13,608
Debtors	5	517,607			239,345
Cash at bank and in hand		90,122			249,276
		622,284			502,229

Creditors: amounts falling due within one year	6	(499,923)			(296,399)

Net current assets			122,361			205,830

Total assets less current liabilities			1,393,574			769,092

Creditors: amounts falling due after more than one year	7		(59,212)			(83,688)



Net assets			1,334,362			685,404

Capital and reserves
Called up share capital			400			400
Profit and loss account			1,333,962			685,004

Shareholders' funds			1,334,362			685,404

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J M Reaney
Director
Approved by the board on 28 April 2026

D R Reaney & Sons Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			over 10 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 September 2024							75,000
	At 31 August 2025							75,000

	Amortisation
	At 1 September 2024							75,000
	At 31 August 2025							75,000

	Net book value
	At 31 August 2025							-

	Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	450,000		61,877		148,662		660,539
	Additions	669,342		-		74,310		743,652
	Disposals	-		-		(9,050)		(9,050)
	At 31 August 2025	1,119,342		61,877		213,922		1,395,141

	Depreciation
	At 1 September 2024	18,000		32,870		46,407		97,277
	Charge for the year	9,000		5,147		21,554		35,701
	On disposals	-		-		(9,050)		(9,050)
	At 31 August 2025	27,000		38,017		58,911		123,928

	Net book value
	At 31 August 2025	1,092,342		23,860		155,011		1,271,213
	At 31 August 2024	432,000		29,007		102,255		563,262


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					298,635		298,635
	Cumulative depreciation based on historical cost					-		-
						298,635		298,635
	The company owns a property which is being let out as a holiday let on a commercial basis. The Company has revalued the properety to a market value of £450,000. The re-valuation was carried out by independent estate agents in 2022.


5	Debtors					2025		2024
£							£

	Trade debtors					456,731		206,256
	Directors Loan A/c Debtor					37,367		16,450
	Other debtors					23,509		16,639
						517,607		239,345


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		838
	Trade creditors					210,926		117,256
	Taxation and social security costs					214,608		92,573
	Director's Loan A/c Creditor					23,240		44,430
	Other creditors					51,149		41,302
						499,923		296,399


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					9,587		19,815
	Obligations under finance lease and hire purchase contracts					63,792		63,873
	Other creditors					(14,167)		-
						59,212		83,688


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	J M Reaney
	[Loan 1]	16,450		-		(16,450)		-
	[Loan 2]			37,367				37,367
		16,450		37,367		(16,450)		37,367
	Mr J.M. Reaney had short term loans during the year. Interest on the loans has been made good by Mr J.M. Reaney at the official rate of interest.

9	Other information

	D R Reaney & Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Church View
	Park Lane
	Cheadle
	Staffordshire
	ST10 1PD