Reload.com Limited - Accounts

Reload.com Limited - Accounts

RELOAD.COM LIMITED - Company Information

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Registered Number: 04575796
England and Wales

 

 

 

RELOAD.COM LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2018

End date: 31 May 2019

Reload.com Limited
Contents Page
For the year ended 31 May 2019
Report to the directors on the preparation of the unaudited statutory accounts of Reload.com Limited for the year ended 31 May 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Reload.com Limited for the year ended 31 May 2019 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Reload.com Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2020 Our work has been undertaken solely to prepare for your approval the accounts of Reload.com Limited and state those matters that we have agreed to state to the Board of Directors of Reload.com Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reload.com Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Reload.com Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Reload.com Limited. You consider that Reload.com Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Reload.com Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 May 2019



....................................................
SAW Accounting & Tax Advisory Limited
223 Baldwins Lane
Birmingham
B28 0PZ
28 February 2020
1
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Intangible fixed assets 2 15,161    15,109 
Tangible fixed assets 3 14,688    15,965 
29,849    31,074 
Current assets      
Debtors: amounts falling due within one year 29,708    27,608 
Cash at bank and in hand 27,154    17,842 
56,862    45,450 
Creditors: amount falling due within one year (19,871)   (19,294)
Net current assets 36,991    26,156 
 
Total assets less current liabilities 66,840    57,230 
Net assets 66,840    57,230 
 

Capital and reserves 		     
Called up share capital 4 1    1 
Profit and loss account 66,839    57,229 
Shareholders funds 66,840    57,230 
 


For the year ended 31 May 2019 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 directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
Signed on behalf of the board of director


--------------------------------
Rishi Anand
Director

Date approved by the board: 28 February 2020
2
General Information
Reload.com Limited is a private company, limited by shares, registered in England and Wales, registration number 04575796, registration address 197 Praed Street, London, W2 1RH.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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 20% Straight Line
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
2.

Intangible fixed assets

Cost Website   Total
  £   £
At 01 June 2018 23,932    23,932 
Additions 6,047    6,047 
Disposals -    - 
At 31 May 2019 29,979    29,979 
Amortisation
At 01 June 2018 8,823    8,823 
Charge for year 5,995    5,995 
On disposals -    - 
At 31 May 2019 14,818    14,818 
Net book values
At 31 May 2019 15,161    15,161 
At 31 May 2018 15,109    15,109 


3.

Tangible fixed assets

Cost Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 June 2018 61,190    1,883    2,369    65,442 
Additions -    3,290    -    3,290 
Disposals -    -    -    - 
At 31 May 2019 61,190    5,173    2,369    68,732 
Depreciation
At 01 June 2018 47,491    691    1,295    49,477 
Charge for year 3,059    1,034    474    4,567 
On disposals -    -    -    - 
At 31 May 2019 50,550    1,725    1,769    54,044 
Net book values
Closing balance as at 31 May 2019 10,640    3,448    600    14,688 
Opening balance as at 01 June 2018 13,699    1,192    1,074    15,965 


4.

Share Capital

Allotted
2019
£		   2018
£
1 Class A shares of £1.00 each 1    1 
1    1 

3