0 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 5,000 417 416 833 4,167 4,583 xbrli:pure xbrli:shares iso4217:GBP 05445656 2022-07-01 2023-06-30 05445656 2023-06-30 05445656 2022-06-30 05445656 2021-07-01 2022-06-30 05445656 2022-06-30 05445656 2021-06-30 05445656 core:PlantMachinery 2022-07-01 2023-06-30 05445656 bus:Director1 2022-07-01 2023-06-30 05445656 core:NetGoodwill 2022-06-30 05445656 core:NetGoodwill 2023-06-30 05445656 core:PlantMachinery 2022-06-30 05445656 core:PlantMachinery 2023-06-30 05445656 core:MotorVehicles 2023-06-30 05445656 core:WithinOneYear 2023-06-30 05445656 core:WithinOneYear 2022-06-30 05445656 core:ShareCapital 2023-06-30 05445656 core:ShareCapital 2022-06-30 05445656 core:RetainedEarningsAccumulatedLosses 2023-06-30 05445656 core:RetainedEarningsAccumulatedLosses 2022-06-30 05445656 core:NetGoodwill 2022-07-01 2023-06-30 05445656 core:NetGoodwill 2022-06-30 05445656 core:PlantMachinery 2022-06-30 05445656 core:MotorVehicles 2022-06-30 05445656 bus:SmallEntities 2022-07-01 2023-06-30 05445656 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05445656 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 05445656 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 05445656 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 05445656
Reeltime Technologies Limited
Filleted Unaudited Financial Statements
30 June 2023
Reeltime Technologies Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
4,167
4,583
Tangible fixed assets
5
407,936
410,759
---------
---------
412,103
415,342
Current assets
Debtors
6
1,440
3,895
Cash at bank and in hand
20,231
61,017
--------
--------
21,671
64,912
Creditors: amounts falling due within one year
7
428,677
470,248
---------
---------
Net current liabilities
407,006
405,336
---------
---------
Total assets less current liabilities
5,097
10,006
-------
--------
Net assets
5,097
10,006
-------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
5,087
9,996
-------
--------
Shareholders funds
5,097
10,006
-------
--------
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 income statement 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Reeltime Technologies Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 25 January 2024 , and are signed on behalf of the board by:
Ms L Thabet
Director
Company registration number: 05445656
Reeltime Technologies 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 and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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.
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:
Plant & machinery
-
10% straight line
4. Intangible assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
5,000
-------
Amortisation
At 1 July 2022
417
Charge for the year
416
-------
At 30 June 2023
833
-------
Carrying amount
At 30 June 2023
4,167
-------
At 30 June 2022
4,583
-------
5. Tangible fixed assets
Plant and machinery
Motor vehicles
Investment property
Total
£
£
£
£
Cost
At 1 July 2022 and 30 June 2023
28,228
1
387,000
415,229
--------
----
---------
---------
Depreciation
At 1 July 2022
4,470
4,470
Charge for the year
2,823
2,823
--------
----
---------
---------
At 30 June 2023
7,293
7,293
--------
----
---------
---------
Carrying amount
At 30 June 2023
20,935
1
387,000
407,936
--------
----
---------
---------
At 30 June 2022
23,758
1
387,000
410,759
--------
----
---------
---------
Tangible fixed assets held at valuation
The investment property was revalued by the director at 30 June 2015 on the basis of the estimated market value. The director is of the opinion that the net book value included in the financial statements accurately reflects the property's fair value as at 30 June 2023.
6. Debtors
2023
2022
£
£
Trade debtors
1,440
Other debtors
3,895
-------
-------
1,440
3,895
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,654
1,531
Corporation tax
3,264
2,883
Social security and other taxes
434
Other creditors
423,325
465,834
---------
---------
428,677
470,248
---------
---------
National Westminster Bank plc hold legal charges secured on 46 Studley Street registered on 11 March 2019 and 25 June 2019.