Reassemblers Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08649798 (England and Wales)

REASSEMBLERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs F H Thwaites

Mr DML Thwaites

REGISTERED OFFICE:

25 Dunstable Road

Caddington

Luton

Bedfordshire

LU1 4AL

REGISTERED NUMBER:

08649798 (England and Wales)

ACCOUNTANTS:

ASK Accounting Services

25 Dunstable Road

Caddington

Luton

Bedfordshire

LU1 4AL

FIXED ASSETS

Tangible assets

4

1,897

2,908

CURRENT ASSETS

Debtors

5

17,550

8,921

Cash at bank

77,460

75,317

95,010

84,238

CREDITORS

Amounts falling due within one year

6

44,765

28,174

NET CURRENT ASSETS

50,245

56,064

TOTAL ASSETS LESS CURRENT LIABILITIES

52,142

58,972

PROVISIONS FOR LIABILITIES

420

553

NET ASSETS

51,722

58,419

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

51,712

58,409

SHAREHOLDERS' FUNDS

51,722

58,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2024 and were signed on its behalf by:

Mrs F H Thwaites - Director

Mr DML Thwaites - Director

1.	STATUTORY INFORMATION

Reassemblers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

40% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2022

6,742

Additions

233

Disposals

(203

)

At 31 August 2023

6,772

DEPRECIATION

At 1 September 2022

3,834

Charge for year

1,244

Eliminated on disposal

(203

)

At 31 August 2023

4,875

NET BOOK VALUE

At 31 August 2023

1,897

At 31 August 2022

2,908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/23

31/8/22

£

£

Trade debtors

17,550

8,640

Other debtors

-

281

17,550

8,921

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/23

31/8/22

£

£

Trade creditors

2,313

1,842

Taxation and social security

37,938

20,223

Other creditors

4,514

6,109

44,765

28,174

7.	RELATED PARTY DISCLOSURES