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REGISTERED NUMBER: 11846798 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Rabid Graphics Ltd

Rabid Graphics Ltd (Registered number: 11846798)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rabid Graphics Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Miss K Ormsby





REGISTERED OFFICE: 68 Titian Avenue
South Shields
United Kingdom
NE34 8SB





REGISTERED NUMBER: 11846798 (England and Wales)

Rabid Graphics Ltd (Registered number: 11846798)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,300 -

CURRENT ASSETS
Stocks 6,500 8,500
Cash at bank and in hand 1,692 2,525
8,192 11,025
CREDITORS
Amounts falling due within one year 5 5,168 6,672
NET CURRENT ASSETS 3,024 4,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,324

4,353

CREDITORS
Amounts falling due after more than one
year

6

(9,763

)

(12,763

)

PROVISIONS FOR LIABILITIES (247 ) -
NET LIABILITIES (5,686 ) (8,410 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,687 ) (8,411 )
(5,686 ) (8,410 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Rabid Graphics Ltd (Registered number: 11846798)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





Miss K Ormsby - Director


Rabid Graphics Ltd (Registered number: 11846798)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Rabid Graphics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Rabid Graphics Ltd (Registered number: 11846798)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,625
At 28 February 2023 1,625
DEPRECIATION
Charge for year 325
At 28 February 2023 325
NET BOOK VALUE
At 28 February 2023 1,300

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 5,168 6,672

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 9,763 12,763