Company Registration No. 09049834 (England and Wales)
Revolver Creative Limited
Unaudited accounts
for the year ended 31 March 2022
Revolver Creative Limited
Unaudited accounts
Contents
Revolver Creative Limited
Company Information
for the year ended 31 March 2022
Directors
Mr R J Little
Mrs A Little
Company Number
09049834 (England and Wales)
Registered Office
3 Beechings
Henfield
West Sussex
BN5 9XB
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
Revolver Creative Limited
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
14,057
10,751
Creditors: amounts falling due within one year
(22,005)
(14,646)
Net current assets/(liabilities)
12,300
(28)
Total assets less current liabilities
13,162
1,697
Creditors: amounts falling due after more than one year
(13,000)
-
Called up share capital
2
2
Profit and loss account
160
1,695
Shareholders' funds
162
1,697
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
Mr R J Little
Director
Company Registration No. 09049834
Revolver Creative Limited
Notes to the Accounts
for the year ended 31 March 2022
Revolver Creative Limited is a private company, limited by shares, registered in England and Wales, registration number 09049834. The registered office is 3 Beechings, Henfield, West Sussex, BN5 9XB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue, described as turnover, is the value of work performed during the year with respect to services.
Revenue is recognised on the provision of services on completion of each individual assignment.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
4
Tangible fixed assets
Plant & machinery
Revolver Creative Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
15,269
3,867
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,000
-
Taxes and social security
14,663
11,100
Loans from directors
-
293
7
Creditors: amounts falling due after more than one year
2022
2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The director received sundry interest free advances totalling £4,979 in excess of his dividend entitlement during the year and this amount is included within "Other debtors". This amount will be repaid in full by 31 August 2022. The maximum amount outstanding during the year was £4,979.
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).