Accounts filed on 31-07-2019


Registered number: 06974831






REACH INTERNET LTD


ACCOUNTS

FOR THE YEAR ENDED 31/07/2019
























Prepared By:
RAGAVAN AND CO LTD
Chartered Certified Accountants
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY


ACCOUNTS
FOR THE YEAR ENDED 31/07/2019





DIRECTORS
HARMOHAN PAL SOOD


REGISTERED OFFICE
QUAY HOUSE
The Waterfront, Level Street
Brierley Hill
West Midlands
DY5 1XD


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06974831



BANKERS
HSBC



ACCOUNTANTS
RAGAVAN AND CO LTD
Chartered Certified Accountants
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY


ACCOUNTS
FOR THEYEARENDED31/07/2019



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/07/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	3		35,543		44,960

CURRENT ASSETS
Debtors	4	690,207		446,540
Cash at bank and in hand		15,498		95,545
		705,705		542,085
CREDITORS: Amounts falling due within one year	5	139,605		120,661
NET CURRENT ASSETS			566,100		421,424
TOTAL ASSETS LESS CURRENT LIABILITIES			601,643		466,384

CAPITAL AND RESERVES

Called up share capital	6		100		100
Profit and loss account			601,543		466,284
SHAREHOLDERS' FUNDS			601,643		466,384

For the year ending 31/07/2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 13/08/2020 and signed on their behalf by



.............................
HARMOHAN PAL SOOD
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 10%
Commercial Vehicles		straight line 10%




1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	552,271	434,875
VAT	-	4,123
Loans to other companies	133,200	-
Prepayments	3,150	-
Directors current account	1,586	7,542
	690,207	446,540




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	48,011	45,316
VAT	25,613	-
PAYE control	612	587
Trade creditors	61,429	71,354
Other creditors	1,440	1,204
Accruals	2,500	2,200
	139,605	120,661




6. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100