Registered number
07336514
Ruffles & Barnes Media Ltd
Filleted Accounts
31 August 2023
Ruffles & Barnes Media Ltd
Registered number: 07336514
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,968 3,492
Current assets
Work inprogress 21,140 -
Debtors 5 44,582 22,197
Cash at bank and in hand 200 1,270
65,922 23,467
Creditors: amounts falling due within one year 6 (68,107) (25,348)
Net current liabilities (2,185) (1,881)
Total assets less current liabilities 783 1,611
Provisions for liabilities (563) (663)
Net assets 220 948
Capital and reserves
Called up share capital 56 56
Profit and loss account 164 892
Shareholder's funds 220 948
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
H L Rudd
Director
Approved by the board on 8 February 2024
Ruffles & Barnes Media Ltd
Notes to the Accounts
for the year ended 31 August 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 rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 at the following rates:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 2,000
At 31 August 2023 2,000
Amortisation
At 1 September 2022 2,000
At 31 August 2023 2,000
Net book value
At 31 August 2023 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 57,886
At 31 August 2023 57,886
Depreciation
At 1 September 2022 54,394
Charge for the year 524
At 31 August 2023 54,918
Net book value
At 31 August 2023 2,968
At 31 August 2022 3,492
5 Debtors 2023 2022
£ £
Trade debtors 25,816 10,800
Taxation and social security costs 11,956 8,127
Other debtors 6,810 3,270
44,582 22,197
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 61,248 23,807
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,874 -
Taxation and social security costs 2,978 -
Other creditors 7 1,541
68,107 25,348
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H L Rudd
Directors loan account 7 - - 7
7 - - 7
8 Controlling party
The company is controlled by Prominent PR Ltd, and is a wholly owned subsidiary.
9 Other information
Ruffles & Barnes Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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