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Registration number: 09780972

The Riot Act Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

The Riot Act Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

The Riot Act Limited

Company Information

Directors

D Hobson

E Hobson

Registered office

34 Station Road
Shepley
Huddersfield
West Yorkshire
HD8 8DG

 

The Riot Act Limited

(Registration number: 09780972)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

25,749

14,095

Current assets

 

Debtors

5

84,130

186,602

Cash at bank and in hand

 

57,784

11,520

 

141,914

198,122

Creditors: Amounts falling due within one year

6

(56,138)

(74,183)

Net current assets

 

85,776

123,939

Net assets

 

111,525

138,034

Capital and reserves

 

Called up share capital

100

100

Retained earnings

111,425

137,934

Shareholders' funds

 

111,525

138,034

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

The Riot Act Limited

(Registration number: 09780972)
Balance Sheet as at 30 September 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 March 2024 and signed on its behalf by:
 

.........................................
D Hobson
Director

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
34 Station Road
Shepley
Huddersfield
West Yorkshire
HD8 8DG

These financial statements were authorised for issue by the Board on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

Fixtures & Fittings

20% Reducing balance

Plant & Machinery

20% Reducing balance

Computer equipment

33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 October 2022

7,914

12,523

7,961

3,785

Additions

1,937

-

985

15,989

Disposals

-

-

-

(3,785)

At 30 September 2023

9,851

12,523

8,946

15,989

Depreciation

At 1 October 2022

4,214

5,843

7,085

946

Charge for the year

1,127

1,336

1,023

932

Eliminated on disposal

-

-

-

(946)

At 30 September 2023

5,341

7,179

8,108

932

Carrying amount

At 30 September 2023

4,510

5,344

838

15,057

At 30 September 2022

3,701

6,679

876

2,839

Total
£

Cost or valuation

At 1 October 2022

32,183

Additions

18,911

Disposals

(3,785)

At 30 September 2023

47,309

Depreciation

At 1 October 2022

18,088

Charge for the year

4,418

Eliminated on disposal

(946)

At 30 September 2023

21,560

Carrying amount

At 30 September 2023

25,749

At 30 September 2022

14,095

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

44,165

14,066

Prepayments

810

215

Other debtors

39,155

172,321

 

84,130

186,602

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,961

849

Taxation and social security

43,889

42,342

Accruals and deferred income

2,083

2,010

Other creditors

8,205

28,982

56,138

74,183

Creditors: amounts falling due after more than one year

2023
£

2022
£

 

The Riot Act Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Related party transactions

Transactions with directors

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Loan

102,319

39,366

(102,500)

39,185

         
       

 

2022

At 1 October 2021
£

Advances to director
£

Repayments by director
£

At 30 September 2022
£

Loan

105,519

102,319

(105,519)

102,319