1 January 2024 false Taxfiler 2024.1 11520828business:PrivateLimitedCompanyLtd2024-01-012024-03-31 115208282023-12-31 115208282024-01-012024-03-31 11520828business:AuditExemptWithAccountantsReport2024-01-012024-03-31 11520828business:FilletedAccounts2024-01-012024-03-31 115208282024-03-31 11520828business:Director12024-01-012024-03-31 11520828business:RegisteredOffice2024-01-012024-03-31 115208282023-12-31 11520828core:WithinOneYear2024-03-31 11520828core:WithinOneYear2023-12-31 11520828core:AfterOneYear2024-03-31 11520828core:AfterOneYear2023-12-31 11520828core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11520828core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 11520828core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11520828core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 11520828core:PreviouslyStatedAmount2024-03-31 11520828core:PreviouslyStatedAmount2023-12-31 11520828business:SmallEntities2024-01-012024-03-31 11520828countries:EnglandWales2024-01-012024-03-31 11520828core:LandBuildings2023-12-31 11520828core:ComputerEquipment2023-12-31 11520828core:LandBuildings2024-01-012024-03-31 11520828core:ComputerEquipment2024-01-012024-03-31 11520828core:LandBuildings2024-03-31 11520828core:ComputerEquipment2024-03-31 11520828core:AcceleratedTaxDepreciationDeferredTax2024-03-31 11520828core:AcceleratedTaxDepreciationDeferredTax2023-12-31 115208282022-12-31 115208282023-01-012023-12-31 11520828business:OrdinaryShareClass12024-01-012024-03-31 11520828business:OrdinaryShareClass12023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11520828 (England and Wales)
REALITION LIMITED Unaudited accounts for the period from 1 January 2024 to 31 March 2024
REALITION LIMITED Unaudited accounts Contents
Page
- 2 -
REALITION LIMITED Company Information for the period from 1 January 2024 to 31 March 2024
Director
Shaun McKay
Company Number
11520828 (England and Wales)
Registered Office
17 NORTON PARK ASCOT SL5 9BW ENGLAND
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of REALITION LIMITED for the period from 1 January 2024 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of REALITION LIMITED for the period from 1 January 2024 to 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 9 April 2024
- 4 -
REALITION LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,054 
3,080 
Current assets
Debtors
5,481 
9,512 
Cash at bank and in hand
81,219 
89,187 
86,700 
98,699 
Creditors: amounts falling due within one year
(12,664)
(17,434)
Net current assets
74,036 
81,265 
Total assets less current liabilities
75,090 
84,345 
Creditors: amounts falling due after more than one year
- 
(15,324)
Provisions for liabilities
Deferred tax
(201)
(585)
Net assets
74,889 
68,436 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
74,888 
68,435 
Shareholders' funds
74,889 
68,436 
For the period ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2024 and were signed on its behalf by
Shaun McKay Director Company Registration No. 11520828
- 5 -
REALITION LIMITED Notes to the Accounts for the period from 1 January 2024 to 31 March 2024
1
Statutory information
REALITION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11520828. The registered office is 17 NORTON PARK, ASCOT, SL5 9BW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
REALITION LIMITED Notes to the Accounts for the period from 1 January 2024 to 31 March 2024
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
3,333 
2,752 
6,085 
Disposals
- 
(2,752)
(2,752)
At 31 March 2024
3,333 
- 
3,333 
Depreciation
At 1 January 2024
2,112 
893 
3,005 
Charge for the period
167 
- 
167 
On disposals
- 
(893)
(893)
At 31 March 2024
2,279 
- 
2,279 
Net book value
At 31 March 2024
1,054 
- 
1,054 
At 31 December 2023
1,221 
1,859 
3,080 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
481 
512 
Trade debtors
5,000 
9,000 
5,481 
9,512 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
6,084 
Trade creditors
1,235 
1,164 
Taxes and social security
8,873 
9,186 
Loans from directors
2,106 
- 
Accruals
450 
1,000 
12,664 
17,434 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
8,879 
Loans from directors
- 
6,445 
- 
15,324 
- 7 -
REALITION LIMITED Notes to the Accounts for the period from 1 January 2024 to 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
201 
585 
2024 
2023 
£ 
£ 
Provision at start of period
585 
- 
(Credited)/charged to the profit and loss account
(384)
585 
Provision at end of period
201 
585 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the period the average number of employees was 0 (2023: 0).
- 8 -