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REGISTERED NUMBER: 13231680 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2022 to 31 December 2022

for

RAYNE MEDIA LTD

RAYNE MEDIA LTD (REGISTERED NUMBER: 13231680)






Contents of the Financial Statements
for the Period 1 March 2022 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RAYNE MEDIA LTD

Company Information
for the Period 1 March 2022 to 31 December 2022







DIRECTOR: K Craig Joseph





SECRETARY:





REGISTERED OFFICE: 106 Holme Lane
Sheffiled
South Yorkshire
S6 4JW





REGISTERED NUMBER: 13231680 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

RAYNE MEDIA LTD (REGISTERED NUMBER: 13231680)

Balance Sheet
31 December 2022

31/12/22 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 436 513

CURRENT ASSETS
Cash at bank and in hand 3,117 1,674

CREDITORS
Amounts falling due within one year 5 3,211 2,086
NET CURRENT LIABILITIES (94 ) (412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342

101

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 341 100
342 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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.

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 21 February 2024 and were signed by:





K Craig Joseph - Director


RAYNE MEDIA LTD (REGISTERED NUMBER: 13231680)

Notes to the Financial Statements
for the Period 1 March 2022 to 31 December 2022

1. STATUTORY INFORMATION

Rayne Media Ltd 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.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 2 ) .

RAYNE MEDIA LTD (REGISTERED NUMBER: 13231680)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 31 December 2022 604
DEPRECIATION
At 1 March 2022 91
Charge for period 77
At 31 December 2022 168
NET BOOK VALUE
At 31 December 2022 436
At 28 February 2022 513

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 28/2/22
£    £   
Trade creditors - (1 )
Taxation and social security 309 185
Other creditors 2,902 1,902
3,211 2,086