Reaction Designs Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03989230 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

Reaction Designs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R A Varvill

C A Edwards

SECRETARY:

C A Edwards

REGISTERED OFFICE:

Carpenters Cottage

Church End

Blewbury

Didcot

Oxfordshire

OX11 9QH

REGISTERED NUMBER:

03989230 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

3

62,055

60,404

CURRENT ASSETS

Debtors

4

10,458

244

Cash at bank

15,948

2,771

26,406

3,015

CREDITORS

Amounts falling due within one year

5

124,229

129,813

NET CURRENT LIABILITIES

(97,823

)

(126,798

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,768

)

(66,394

)

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

(35,770

)

(66,396

)

SHAREHOLDERS' FUNDS

(35,768

)

(66,394

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 December 2018 and were signed on its behalf
by:

C A Edwards - Director

1.	STATUTORY INFORMATION

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

The Company has made a loss this year. However, the directors are confident that with their continued support

the company will become profitable in the future and therefore the use of the going concern basis is reasonable.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 June 2017

107,185

2,169

109,354

Additions

22,336

-

22,336

At 31 May 2018

129,521

2,169

131,690

DEPRECIATION

At 1 June 2017

46,893

2,057

48,950

Charge for year

20,657

28

20,685

At 31 May 2018

67,550

2,085

69,635

NET BOOK VALUE

At 31 May 2018

61,971

84

62,055

At 31 May 2017

60,292

112

60,404

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

VAT

2,098

66

Deferred tax asset

8,218

-

Prepayments

142

178

10,458

244

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

Trade creditors

7,203

-

Directors' current accounts

116,527

129,514

Accrued expenses

499

299

124,229

129,813

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.18

31.5.17

value:

£

2

Ordinary Shares

£1

2

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

Reaction Designs Limited - Accounts to registrar (filleted) - small 18.2

Reaction Designs Limited - Accounts to registrar (filleted) - small 18.2