Reus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11500431 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

REUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M P Button

REGISTERED OFFICE:

16A Regent Road

Altrincham

Cheshire

WA14 1RP

REGISTERED NUMBER:

11500431 (England and Wales)

ACCOUNTANTS:

BSL Accountancy Services Limited

16A Regent Road

Altrincham

Cheshire

WA14 1RP

FIXED ASSETS

Property, plant and equipment

4

3,120

-

CURRENT ASSETS

Debtors

5

13,200

14,520

Cash at bank

47,959

24,537

61,159

39,057

CREDITORS

Amounts falling due within one year

6

28,614

22,731

NET CURRENT ASSETS

32,545

16,326

TOTAL ASSETS LESS CURRENT LIABILITIES

35,665

16,326

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

35,565

16,226

SHAREHOLDERS' FUNDS

35,665

16,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 May 2021 and were signed by:

M P Button - Director

1.	STATUTORY INFORMATION

Reus 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

Revenue 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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

Additions

4,160

At 31 August 2020

4,160

DEPRECIATION

Charge for year

1,040

At 31 August 2020

1,040

NET BOOK VALUE

At 31 August 2020

3,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/20

31/8/19

£

£

Trade debtors

13,200

14,520

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/20

31/8/19

£

£

Taxation

19,521

15,652

VAT

9,093

7,079

28,614

22,731

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/20

31/8/19

value:

£

£

100

Ordinary shares

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 September 2019

16,226

Profit for the year

86,339

Dividends

(67,000

)

At 31 August 2020

35,565