Registered number
13480403
RBIZ PRODUCTIONS LIMITED
Filleted Accounts
30 June 2022
RBIZ PRODUCTIONS LIMITED
Registered number: 13480403
Balance Sheet
as at 30 June 2022
Notes 2022
£
Fixed assets
Tangible assets 3 780
Current assets
Cash at bank and in hand 77
Creditors: amounts falling due within one year 4 (74)
Net current assets 3
Net assets 783
Capital and reserves
Called up share capital 1
Profit and loss account 782
Shareholder's funds 783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Roberts Birzgalis
Director
Approved by the board on 11 November 2023
RBIZ PRODUCTIONS LIMITED
Notes to the Accounts
for the period from 28 June 2021 to 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 1,350 - 1,350
At 30 June 2022 1,350 - 1,350
Depreciation
Charge for the period - 570 570
At 30 June 2022 - 570 570
Net book value
At 30 June 2022 1,350 (570) 780
4 Creditors: amounts falling due within one year 2022
£
Director's Current Account 74
5 Other information
RBIZ PRODUCTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
360 Radnor Court
Copley Close
London
W7 1QG
RBIZ PRODUCTIONS LIMITED 13480403 false 2021-06-28 2022-06-30 2022-06-30 VT Final Accounts October 2023 release 2 Roberts Birzgalis No description of principal activity 13480403 2021-06-28 2022-06-30 13480403 bus:PrivateLimitedCompanyLtd 2021-06-28 2022-06-30 13480403 bus:AuditExempt-NoAccountantsReport 2021-06-28 2022-06-30 13480403 bus:Director40 2021-06-28 2022-06-30 13480403 1 2021-06-28 2022-06-30 13480403 2 2021-06-28 2022-06-30 13480403 core:PlantMachinery 2021-06-28 2022-06-30 13480403 core:Vehicles 2021-06-28 2022-06-30 13480403 countries:England 2021-06-28 2022-06-30 13480403 bus:FRS102 2021-06-28 2022-06-30 13480403 bus:FullAccounts 2021-06-28 2022-06-30 13480403 2022-06-30 13480403 core:WithinOneYear 2022-06-30 13480403 core:ShareCapital 2022-06-30 13480403 core:RetainedEarningsAccumulatedLosses 2022-06-30 13480403 core:PlantMachinery 2022-06-30 13480403 core:Vehicles 2022-06-30 13480403 2021-06-27 iso4217:GBP xbrli:pure