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REGISTERED NUMBER: NI061318 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2023

FOR

REDRAY FILMS LIMITED

REDRAY FILMS LIMITED (REGISTERED NUMBER: NI061318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


REDRAY FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 MARCH 2023







DIRECTORS: Miss M Mcadam
V Ragnarsson





SECRETARY: Miss M Mcadam





REGISTERED OFFICE: 15 The Parade
Donaghadee
Co. Down
BT21 0AE





REGISTERED NUMBER: NI061318 (Northern Ireland)





ACCOUNTANTS: Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ

REDRAY FILMS LIMITED (REGISTERED NUMBER: NI061318)

BALANCE SHEET
28 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 - 38,502
Cash at bank and in hand 67,889 143,400
67,889 181,902
CREDITORS
Amounts falling due within one year 5 77,298 134,927
NET CURRENT (LIABILITIES)/ASSETS (9,409 ) 46,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,409

)

46,975

CREDITORS
Amounts falling due after more than one year 6 7,436 9,351
NET (LIABILITIES)/ASSETS (16,845 ) 37,624

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,847 ) 37,622
(16,845 ) 37,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:





V Ragnarsson - Director


REDRAY FILMS LIMITED (REGISTERED NUMBER: NI061318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2023

1. STATUTORY INFORMATION

Redray Films Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The director has formed the judgement, at the time of approving the financial statements, that there is a reasonable expectation that the Company has sufficient access to financial resources which together with internally generated cash flows, will continue to provide sufficient sources of liquidity to fund its current operations including its contractual and commercial commitments and the Company is well placed to manage its business risks successfully, despite the current economic outlook.

For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 38,502

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,530 42,988
Other creditors 56,768 91,939
77,298 134,927

REDRAY FILMS LIMITED (REGISTERED NUMBER: NI061318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,436 9,351