3 false false false false false false false false false false true false false false false false true No description of principal activity 2022-06-30 Sage Accounts Production Advanced 2023 - FRS102_2023 3,181 3,181 1,060 1,060 2,121 xbrli:pure xbrli:shares iso4217:GBP 13484685 2022-06-30 2023-06-29 13484685 2023-06-29 13484685 2022-06-29 13484685 2021-06-30 2022-06-29 13484685 2022-06-29 13484685 2021-06-29 13484685 bus:Director1 2022-06-30 2023-06-29 13484685 core:WithinOneYear 2023-06-29 13484685 core:WithinOneYear 2022-06-29 13484685 core:ShareCapital 2023-06-29 13484685 core:ShareCapital 2022-06-29 13484685 core:RetainedEarningsAccumulatedLosses 2023-06-29 13484685 core:RetainedEarningsAccumulatedLosses 2022-06-29 13484685 bus:SmallEntities 2022-06-30 2023-06-29 13484685 bus:AuditExemptWithAccountantsReport 2022-06-30 2023-06-29 13484685 bus:SmallCompaniesRegimeForAccounts 2022-06-30 2023-06-29 13484685 bus:PrivateLimitedCompanyLtd 2022-06-30 2023-06-29 13484685 bus:FullAccounts 2022-06-30 2023-06-29 13484685 core:ComputerEquipment 2022-06-30 2023-06-29 13484685 core:ComputerEquipment 2023-06-29
COMPANY REGISTRATION NUMBER: 13484685
RESISTANT MATERIAL STUDIO LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
29 June 2023
RESISTANT MATERIAL STUDIO LIMITED
STATEMENT OF FINANCIAL POSITION
29 June 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
2,121
CURRENT ASSETS
Debtors
6
6,719
45
Cash at bank and in hand
3,092
5
-------
----
9,811
50
CREDITORS: amounts falling due within one year
7
( 11,119)
( 240)
--------
----
NET CURRENT LIABILITIES
( 1,308)
( 190)
-------
----
TOTAL ASSETS LESS CURRENT LIABILITIES
813
( 190)
----
----
NET ASSETS/(LIABILITIES)
813
( 190)
----
----
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
713
( 290)
----
----
SHAREHOLDERS FUNDS/(DEFICIT)
813
( 190)
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RESISTANT MATERIAL STUDIO LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 June 2023
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
J Cadwallader
Director
Company registration number: 13484685
RESISTANT MATERIAL STUDIO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: Nil).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 30 June 2022
Additions
3,181
-------
At 29 June 2023
3,181
-------
Depreciation
At 30 June 2022
Charge for the year
1,060
-------
At 29 June 2023
1,060
-------
Carrying amount
At 29 June 2023
2,121
-------
At 29 June 2022
-------
6. DEBTORS
2023
2022
£
£
Other debtors
6,719
45
-------
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
4,054
Social security and other taxes
5,825
Other creditors
1,240
240
--------
----
11,119
240
--------
----
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES