Reggae Limited - Filleted accounts

Registered number

05242064

Reggae Limited

Filleted Accounts

for the year ended 30 September 2025

Reggae Limited
Registered number:		05242064
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		220			275

Current assets
Stocks		22,000			17,000
Cash at bank and in hand		1,335			11,381
		23,335			28,381

Creditors: amounts falling due within one year	4	(5,271)			(8,773)

Net current assets			18,064			19,608

Net assets			18,284			19,883

Capital and reserves
Called up share capital			2			2
Profit and loss account			18,282			19,881

Shareholders' funds			18,284			19,883

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.




Mr Andrew John Ritchie
Director
Approved by the board on 6 June 2026

Reggae Limited
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts.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:

	Plant and machinery	20% reducing balances
	Fixtures, fittings, tools and equipment	20% reducing balances

	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.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Motor vehicles
£
	Cost
	At 1 October 2024				5,000
	At 30 September 2025				5,000

	Depreciation
	At 1 October 2024				4,725
	Charge for the year				55
	At 30 September 2025				4,780

	Net book value
	At 30 September 2025				220
	At 30 September 2024				275


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

	Taxation and social security costs		2,104		3,578
	Other creditors		3,167		5,195
			5,271		8,773

5	Other information

	Reggae Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6 Westbourne Avenue
	Ceheam
	Sutton
	Surrey
	SM3 9EB