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REGISTERED NUMBER: 07806880 (England and Wales)









Financial Statements

for the Year Ended 31 October 2023

for

R A Media Ltd

R A Media Ltd (Registered number: 07806880)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


R A Media Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: R Ansah





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07806880 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

R A Media Ltd (Registered number: 07806880)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 464,018 382,549
Cash at bank 55,646 152,217
519,664 534,766
CREDITORS
Amounts falling due within one year 5 (188,329 ) (256,144 )
NET CURRENT ASSETS 331,335 278,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,335

278,622

CREDITORS
Amounts falling due after more than one
year

6

(86,703

)

(154,894

)
NET ASSETS 244,632 123,728

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 244,532 123,628
SHAREHOLDERS' FUNDS 244,632 123,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





R Ansah - Director


R A Media Ltd (Registered number: 07806880)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

R A Media 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service is provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 67,060 58,595
Other debtors 292,958 312,504
360,018 371,099

Amounts falling due after more than one year:
Other debtors 104,000 11,450

Aggregate amounts 464,018 382,549

R A Media Ltd (Registered number: 07806880)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,213 50,213
Taxation and social security 105,730 58,538
Other creditors 32,386 147,393
188,329 256,144

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 86,703 129,715
Other creditors - 25,179
86,703 154,894

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 136,916 179,928

The loan is secured by way of a fixed and floating charge over all of the company's assets.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an aggregate amount of £1,075 (2022: £113,496) due to the directors E Burns, E Abrefa and R Ansah.

R Ansah was appointed as a director on 17 July 2023. E Burns and E Abrefa resigned as directors on 27 February 2024 and 22 July 2024 respectively.

There have been no advances which individually were considered material and no individual advances exceeding £30,000 (£20,000 up until 17 July 2023) to the directors during the year under review.

9. RELATED PARTY DISCLOSURES

Included within other debtors at the year end is an amount of £386,631 (2022: £320,505) due from R A Refined Limited, a company in which R Ansah is the director. This includes a balance of £326,631 (2022: £320,505) which has been provided unsecured, interest free and is repayable over 2 years. A further £60,000 (2022: £nil) has been provided unsecured, at an interest rate of 15% and is repayable over 5 years. Accrued interest of £8,289 (2022: £nil) has been charged during the year.