RALLYINGONLINE LIMITED

Company Registration Number:
04221457 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

RALLYINGONLINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

RALLYINGONLINE LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,011 2,318
Total fixed assets: 2,011 2,318
Current assets
Debtors:   561 117
Cash at bank and in hand: 3,598 3,418
Total current assets: 4,159 3,535
Creditors: amounts falling due within one year:   (13,583) (13,032)
Net current assets (liabilities): (9,424) (9,497)
Total assets less current liabilities: (7,413) (7,179)
Total net assets (liabilities): (7,413) (7,179)
Capital and reserves
Called up share capital: 78 78
Profit and loss account: (7,491) (7,257)
Shareholders funds: (7,413) (7,179)

The notes form part of these financial statements

RALLYINGONLINE LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 February 2024
and signed on behalf of the board by:

Name: M Sims
Status: Director

The notes form part of these financial statements

RALLYINGONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration receivable.The principal activity of the company is the sale of photos of motor sports events.Revenue is recognised at the point of sale which is usually by cheque, credit and payment card or paypal.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation.Depreciation is provided on tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over their expected useful lives as follows:-Photographic equipment 25% reducing balanceComputer equipment 33% straight line

RALLYINGONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

RALLYINGONLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 20,642
Additions 364
At 31 May 2023 21,006
Depreciation
At 01 June 2022 18,324
Charge for year 671
At 31 May 2023 18,995
Net book value
At 31 May 2023 2,011
At 31 May 2022 2,318