1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,080 2,218 4,298 2,059 410 2,469 1,829 21 xbrli:pure xbrli:shares iso4217:GBP 09092346 2022-07-01 2023-06-30 09092346 2023-06-30 09092346 2022-06-30 09092346 2021-07-01 2022-06-30 09092346 2022-06-30 09092346 2021-06-30 09092346 core:FurnitureFittings 2022-07-01 2023-06-30 09092346 bus:Director1 2022-07-01 2023-06-30 09092346 core:FurnitureFittings 2022-06-30 09092346 core:FurnitureFittings 2023-06-30 09092346 core:WithinOneYear 2023-06-30 09092346 core:WithinOneYear 2022-06-30 09092346 core:ShareCapital 2023-06-30 09092346 core:ShareCapital 2022-06-30 09092346 core:RetainedEarningsAccumulatedLosses 2023-06-30 09092346 core:RetainedEarningsAccumulatedLosses 2022-06-30 09092346 core:FurnitureFittings 2022-06-30 09092346 bus:SmallEntities 2022-07-01 2023-06-30 09092346 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09092346 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09092346 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09092346 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 09092346
The Ramen Robot Disco Code Limited
Filleted Unaudited Financial Statements
30 June 2023
The Ramen Robot Disco Code Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
13,474
5,455
Tangible assets
6
1,829
21
--------
-------
15,303
5,476
Current assets
Debtors
7
110
Cash at bank and in hand
9,285
26,046
-------
--------
9,395
26,046
Creditors: amounts falling due within one year
8
9,658
15,144
-------
--------
Net current (liabilities)/assets
( 263)
10,902
--------
--------
Total assets less current liabilities
15,040
16,378
Provisions
( 215)
--------
--------
Net assets
15,255
16,378
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
15,254
16,377
--------
--------
Shareholders funds
15,255
16,378
--------
--------
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 30 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Ramen Robot Disco Code Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 5 January 2024 , and are signed on behalf of the board by:
Miss S Perreau
Director
Company registration number: 09092346
The Ramen Robot Disco Code Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures and fittings
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Crypto currencies
£
Cost
At 1 July 2022
5,455
Additions
4,651
Revaluations
3,368
--------
At 30 June 2023
13,474
--------
Amortisation
At 1 July 2022 and 30 June 2023
--------
Carrying amount
At 30 June 2023
13,474
--------
At 30 June 2022
5,455
--------
Cryprocurrencies are recorded at cost and adjusted for any increase or decrease in valuations based upon their market price at the year end.
Intangible assets held at valuation
In respect of intangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Crypto currencies
£
At 30 June 2023
Aggregate costs
16,436
Aggregate depreciation
--------
Carrying value
16,436
--------
At 30 June 2022
Aggregate costs
11,785
Aggregate depreciation
--------
Carrying value
11,785
--------
6. Tangible assets
Fixtures and fittings
£
Cost
At 1 July 2022
2,080
Additions
2,218
-------
At 30 June 2023
4,298
-------
Depreciation
At 1 July 2022
2,059
Charge for the year
410
-------
At 30 June 2023
2,469
-------
Carrying amount
At 30 June 2023
1,829
-------
At 30 June 2022
21
-------
7. Debtors
2023
2022
£
£
Other debtors
110
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
7,502
9,680
Social security and other taxes
21
3,643
Other creditors
2,135
1,821
-------
--------
9,658
15,144
-------
--------
9. Director's advances, credits and guarantees
The amount owed to the director as at 30 June 2023 was £335 (2022: £21) The loan is interest free and is repayable on demand.