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REGISTERED NUMBER: 12826199 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Remote Audio Post Limited

Remote Audio Post Limited (Registered number: 12826199)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Remote Audio Post Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: L D Willis





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 12826199 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Remote Audio Post Limited (Registered number: 12826199)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,896 29,947

CURRENT ASSETS
Debtors 5 32,306 36,501
Cash at bank 16,933 16,940
49,239 53,441
CREDITORS
Amounts falling due within one year 6 49,135 45,971
NET CURRENT ASSETS 104 7,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,000

37,417

PROVISIONS FOR LIABILITIES 7 5,400 4,000
NET ASSETS 17,600 33,417

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,500 33,317
17,600 33,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Remote Audio Post Limited (Registered number: 12826199)

Balance Sheet - continued
31 August 2023


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 12 October 2023 and were signed by:





L D Willis - Director


Remote Audio Post Limited (Registered number: 12826199)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Remote Audio Post Limited is a private company limited by shares and incorporated in England. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents the fair value of fees and expenses charged to clients excluding Value Added Tax (having regard to the fulfilment of contractual obligations).

Tangible fixed assets & depreciation
Tangible fixed assets are initially recorded at cost.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value over their expected useful lives on the following bases:

Land & buildings - 25% on cost
Computer equipment - 25% on cost.
Furniture & fittings - 25% on cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Remote Audio Post Limited (Registered number: 12826199)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Dividends
Final ordinary dividends payable to shareholders of the company are recognised in the period that they are approved by the shareholder. Interim dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land & Furniture Computer
buildings & fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 14,925 9,322 35,648 59,895
Additions - 1,771 14,101 15,872
Disposals (14,925 ) (1,000 ) - (15,925 )
At 31 August 2023 - 10,093 49,749 59,842
DEPRECIATION
At 1 September 2022 7,462 4,662 17,824 29,948
Charge for year - 2,522 12,438 14,960
Eliminated on disposal (7,462 ) (500 ) - (7,962 )
At 31 August 2023 - 6,684 30,262 36,946
NET BOOK VALUE
At 31 August 2023 - 3,409 19,487 22,896
At 31 August 2022 7,463 4,660 17,824 29,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 31,706 36,501
Prepayments and accrued income 600 -
32,306 36,501

Remote Audio Post Limited (Registered number: 12826199)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 7,314 -
Trade creditors - 5,210
Tax 22,410 22,431
Social security and other taxes 15,322 15,498
Directors' loan accounts 1,706 1,251
Accruals and deferred income 2,383 1,581
49,135 45,971

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 5,400 4,000

Deferred
tax
£   
Balance at 1 September 2022 4,000
Applied during year 1,400
Balance at 31 August 2023 5,400

Deferred Tax has arisen because Capital Allowances exceed depreciation provided in the Accounts.

8. OWED TO THE DIRECTOR

At 31st August 2023 the Director was owed £1,706 (20221 : £1,251).