Accounts filed on 31-07-2017

Accounts filed on 31-07-2017

REACH INTERNET LIMITED - Company Information

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Registered number: 06974831
REACH INTERNET LTD
ACCOUNTS
FOR THE YEAR ENDED 31/07/2017
Prepared By:
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
HANDSWORTH
BIRMINGHAM
WEST MIDLANDS
B20 2EY
REACH INTERNET LTD
ACCOUNTS
FOR THE YEAR ENDED 31/07/2017
DIRECTORS
HARMOHAN PAL SOOD
REGISTERED OFFICE
Suite 22
Telford Business Centre
Telford
Shropshire
TF7 4QN
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
HANDSWORTH
BIRMINGHAM
WEST MIDLANDS
B20 2EY
REACH INTERNET LTD
ACCOUNTS
FOR THEYEARENDED31/07/2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
REACH INTERNET LTD
BALANCE SHEET AT 31/07/2017
20172016
Notes££
FIXED ASSETS
Tangible assets254,37663,793
CURRENT ASSETS
Debtors3215,801321,765
Cash at bank and in hand251,96999,405
467,770421,170
CREDITORS: Amounts falling due within one year4115,53796,342
NET CURRENT ASSETS352,233324,828
TOTAL ASSETS LESS CURRENT LIABILITIES406,609388,621
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account406,509388,521
SHAREHOLDERS' FUNDS406,609388,621
For the year ending 31/07/2017 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 11/04/2018 and signed on their behalf by
.............................
HARMOHAN PAL SOOD
Director
REACH INTERNET LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2017
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 Machinerystraight line 10%
Commercial Vehiclesstraight line 10%
1c. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/08/201657,52136,64594,166
At 31/07/201757,52136,64594,166
Depreciation
At 01/08/201620,6819,69230,373
For the year5,7523,6659,417
At 31/07/201726,43313,35739,790
Net Book Amounts
At 31/07/201731,08823,28854,376
At 31/07/201636,84026,95363,793
REACH INTERNET LTD
3. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors214,767320,715
Prepayments-1,050
Directors current account1,034-
215,801321,765
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax36,08445,817
VAT18,11416,728
PAYE control1,7363,504
Directors current account-14,024
Trade creditors56,28713,362
Other creditors1,116907
Accruals2,2002,000
115,53796,342
5. EMPLOYEES
20172016
No.No.
Average number of employees78
6. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100