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REGISTERED NUMBER: 05088881 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

RAV Productions Limited

RAV Productions Limited (Registered number: 05088881)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAV Productions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Graham Douglas James



SECRETARY: Daniel James Colwell



REGISTERED OFFICE: 1 Gavin Close
Thorpe Astley
Braunstone
Leicester
LE3 3UG



REGISTERED NUMBER: 05088881 (England and Wales)



ACCOUNTANT: RAV Productions Limited T/A GrahamJames



BANKERS: HSBC plc
26 High Street
Andover
Hampshire
SP10 1NU

RAV Productions Limited (Registered number: 05088881)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,881 3,435

CURRENT ASSETS
Stocks - 4,170
Debtors 5 8,691 12,667
Cash at bank 17,286 11,345
25,977 28,182
CREDITORS
Amounts falling due within one year 6 17,035 17,197
NET CURRENT ASSETS 8,942 10,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,823

14,420

PROVISIONS FOR LIABILITIES 542 400
NET ASSETS 13,281 14,020

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,281 13,020
SHAREHOLDERS' FUNDS 13,281 14,020

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

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

RAV Productions Limited (Registered number: 05088881)

Balance Sheet - continued
31 March 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 3 August 2023 and were signed by:





Graham Douglas James - Director


RAV Productions Limited (Registered number: 05088881)

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

1. STATUTORY INFORMATION

RAV Productions 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
Turnover 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.
Storage shed - 15% on cost
Office equipment - 33.33% on reducing balance

Work in progress
Work in progress represents work done not yet invoiced valued at full charge out rates less a provision for fees regarded as irrecoverable.

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.


RAV Productions Limited (Registered number: 05088881)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Storage Office
shed equipment Totals
£ £ £
COST
At 1 April 2022 2,600 7,096 9,696
Additions 2,483 1,549 4,032
Disposals (2,600 ) (1,000 ) (3,600 )
At 31 March 2023 2,483 7,645 10,128
DEPRECIATION
At 1 April 2022 1,268 4,993 6,261
Charge for year 487 732 1,219
Eliminated on disposal (1,300 ) (933 ) (2,233 )
At 31 March 2023 455 4,792 5,247
NET BOOK VALUE
At 31 March 2023 2,028 2,853 4,881
At 31 March 2022 1,332 2,103 3,435

RAV Productions Limited (Registered number: 05088881)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 6,256 8,369
Other debtors 2,435 4,298
8,691 12,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 452 462
Taxation and social security 3,380 12,972
Other creditors 13,203 3,763
17,035 17,197

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director maintains a loan account with the Company. The balance due by the Company to the director at the end of the year was £13,135 (2022: £3,699). The maximum amount due by the director to the Company during the year was £21,357. Interest is charged on a daily basis by the Company to the director on the full amount due to the Company where that amount exceeds £10,000. Interest charged during the year was £146 at a rate of 2% per annum. No interest is paid to the director on credit balances.