Reiber + Partners Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 April 2018
Company Registration No. 06906197 (England and Wales)
Reiber + Partners Limited
Company Information
Director
D Reiber
Company number
06906197
Registered office
6th Floor
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Reiber + Partners Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Reiber + Partners Limited
Balance Sheet
As at 30 April 2018
Page 1
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
4
21,075
5,051
Current assets
Debtors
5
135,513
88,610
Cash at bank and in hand
227,624
289,151
363,137
377,761
Creditors: amounts falling due within one year
6
(62,772)
(75,234)
Net current assets
300,365
302,527
Total assets less current liabilities
321,440
307,578
Provisions for liabilities
8
(3,583)
-
Net assets
317,857
307,578
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
317,856
307,577
Total equity
317,857
307,578
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 14 January 2019
D Reiber
Reiber + Partners Limited
Balance Sheet (Continued)
As at 30 April 2018
Page 2
Director
Company Registration No. 06906197
Reiber + Partners Limited
Notes to the Financial Statements
For the year ended 30 April 2018
Page 3
1
Accounting policies
Company information
Reiber + Partners Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for
public relations
services net of VAT and trade discounts
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance
Plant & machinery
10% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.5
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Reiber + Partners Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2018
1
Accounting policies
(Continued)
Page 4
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 6 (2017: 5).
3
Taxation
2018
2017
£
£
Current tax
UK corporation tax on profits for the current period
31,863
46,018
Deferred tax
Origination and reversal of timing differences
3,583
-
Total tax charge
35,446
46,018
Reiber + Partners Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2018
Page 5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2017
20,816
Additions
19,639
At 30 April 2018
40,455
Depreciation and impairment
At 1 May 2017
15,765
Depreciation charged in the year
3,615
At 30 April 2018
19,380
Carrying amount
At 30 April 2018
21,075
At 30 April 2017
5,051
5
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
127,702
82,466
Other debtors
7,811
6,144
135,513
88,610
6
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
968
4,917
Corporation tax
31,864
46,018
Other taxation and social security
19,620
22,708
Other creditors
10,320
1,591
62,772
75,234
Included in creditors at the year end are outstanding pension contributions of £nil (2017: £241).
Reiber + Partners Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2018
Page 6
7
Provisions for liabilities
2018
2017
£
£
Deferred tax liabilities
8
3,583
-
8
Deferred taxation
Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
Liabilities
Liabilities
2018
2017
Balances:
£
£
Accelerated capital allowances
3,583
-
2018
Movements in the year:
£
Liability at 1 May 2017
-
Charge to profit or loss
3,583
Liability at 30 April 2018
3,583
The deferred tax liability set out above is expected to reverse in the future and relates to accelerated capital allowances that are expected to mature within the same period.
9
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1 ordinary share of £1 each
1
1
1
1
Reiber + Partners Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2018
Page 7
10
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2018
2017
£
£
Within one year
19,500
19,500
Between two and five years
4,063
23,563
In over five years
-
-
23,563
43,063