Registered number
09676355
RDC CREATIVE MEDIA LTD
Filleted Accounts
31 July 2023
RDC CREATIVE MEDIA LTD
Registered number: 09676355
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 19,544 22,912
Cash at bank and in hand 3,175 -
22,719 22,912
Creditors: amounts falling due within one year 5 (3,013) (3,390)
Net current assets 19,706 19,522
Total assets less current liabilities 19,706 19,522
Creditors: amounts falling due after more than one year 6 (19,290) (19,290)
Net assets 416 232
Capital and reserves
Called up share capital 100 100
Profit and loss account 316 132
Shareholders' funds 416 232
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R D Chiu
Director
Approved by the board on 31 January 2024
RDC CREATIVE MEDIA LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 13,844
At 31 July 2023 13,844
Depreciation
At 1 August 2022 13,844
At 31 July 2023 13,844
Net book value
At 31 July 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 19,544 22,912
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 523
Taxation and social security costs 1,213 1,467
Other creditors 1,800 1,400
3,013 3,390
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,290 19,290
7 Other information
RDC CREATIVE MEDIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
22 Lansdowne Road
Manchester
M8 5SH
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