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
REALITION LIMITED
Company Information
for the period from 1 January 2024 to 31 March 2024
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
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
REALITION LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
1,054
3,080
Cash at bank and in hand
81,219
89,187
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
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
REALITION LIMITED
Notes to the Accounts
for the period from 1 January 2024 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 1 January 2024
2,112
893
3,005
Charge for the period
167
-
167
At 31 March 2024
2,279
-
2,279
At 31 March 2024
1,054
-
1,054
At 31 December 2023
1,221
1,859
3,080
Amounts falling due within one year
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
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
6,445
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
Provision at start of period
585
-
(Credited)/charged to the profit and loss account
(384)
585
Provision at end of period
201
585
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).