Henry Reeves & Co Limited 31/10/2025 iXBRL

Company registration number: 11006696

Henry Reeves & Co Limited

Unaudited filleted financial statements

31 October 2025

Henry Reeves & Co Limited

Contents

Statement of financial position

Notes to the financial statements

Henry Reeves & Co Limited

Statement of financial position

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	3	982,424		967,814
Tangible assets	4	269,876		297,871
		_______		_______
			1,252,300		1,265,685

Current assets
Debtors	5	682,968		393,869
Cash at bank and in hand		255,685		130,786
		_______		_______
		938,653		524,655
Creditors: amounts falling due
within one year	6	( 346,814)		( 94,852)
		_______		_______
Net current assets			591,839		429,803
			_______		_______
Total assets less current liabilities			1,844,139		1,695,488

Creditors: amounts falling due
after more than one year	7		( 502,116)		( 521,721)

Provisions for liabilities			( 63,777)		( 27,571)

			_______		_______
Net assets			1,278,246		1,146,196
			_______		_______

Capital and reserves
Called up share capital	8		1,351		1,351
Share premium account			179,797		179,797
Profit and loss account			1,097,098		965,048
			_______		_______
Shareholders funds			1,278,246		1,146,196
			_______		_______

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

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 July 2026 , and are signed on behalf of the board by:

Mr M Fanning Mr S Relf

Director Director

Company registration number: 11006696

Henry Reeves & Co Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

Henry Reeves & Co Limited (Company number 11006696 ) is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.

Turnover

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not yet billed to clients is included in Other Debtors.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2. Employee numbers

The average number of persons employed by the company, including directors, during the year amounted to 20 (2024: 13).

3. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 November 2024	986,250	986,250
Additions	14,610	14,610
	_______	_______
At 31 October 2025	1,000,860	1,000,860
	_______	_______
Amortisation
At 1 November 2024 and 31 October 2025	18,436	18,436
	_______	_______
Carrying amount
At 31 October 2025	982,424	982,424
	_______	_______
At 31 October 2024	967,814	967,814
	_______	_______

4. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2024	194,701	116,961	311,662
Additions	12,359	-	12,359
	_______	_______	_______
At 31 October 2025	207,060	116,961	324,021
	_______	_______	_______
Depreciation
At 1 November 2024	7,117	6,676	13,793
Charge for the year	23,092	17,260	40,352
	_______	_______	_______
At 31 October 2025	30,209	23,936	54,145
	_______	_______	_______
Carrying amount
At 31 October 2025	176,851	93,025	269,876
	_______	_______	_______
At 31 October 2024	187,584	110,285	297,869
	_______	_______	_______

5. Debtors

	2025	2024
	£	£
Trade debtors	314,814	143,787
Other debtors	368,154	250,082
	_______	_______
	682,968	393,869
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	31,695	18,965
Social security and other taxes	290,133	46,417
Other creditors	24,986	29,470
	_______	_______
	346,814	94,852
	_______	_______

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	105,495	128,243
Other creditors	396,621	393,478
	_______	_______
	502,116	521,721
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary A shares of £ 1.00 each	600	600	600	600
Ordinary B shares of £ 1.00 each	533	533	533	533
Ordinary C shares of £ 1.00 each	15	15	15	15
Ordinary D shares of £ 1.00 each	203	203	203	203
	_______	_______	_______	_______
	1,351	1,351	1,351	1,351
	_______	_______	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	64,714	60,510
Later than 1 year and not later than 5 years	138,396	202,570
	_______	_______
	203,110	263,080
	_______	_______