IRIS Accounts Production v24.1.0.576 04289409 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042894092022-12-31042894092023-12-31042894092023-01-012023-12-31042894092021-12-31042894092022-01-012022-12-31042894092022-12-3104289409ns15:EnglandWales2023-01-012023-12-3104289409ns14:PoundSterling2023-01-012023-12-3104289409ns10:Director12023-01-012023-12-3104289409ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104289409ns10:SmallEntities2023-01-012023-12-3104289409ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104289409ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104289409ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104289409ns10:FullAccounts2023-01-012023-12-310428940912023-01-012023-12-3104289409ns10:Director22023-01-012023-12-3104289409ns10:RegisteredOffice2023-01-012023-12-3104289409ns5:CurrentFinancialInstruments2023-12-3104289409ns5:CurrentFinancialInstruments2022-12-3104289409ns5:Non-currentFinancialInstruments2023-12-3104289409ns5:Non-currentFinancialInstruments2022-12-3104289409ns5:ShareCapital2023-12-3104289409ns5:ShareCapital2022-12-3104289409ns5:RevaluationReserve2023-12-3104289409ns5:RevaluationReserve2022-12-3104289409ns5:RetainedEarningsAccumulatedLosses2023-12-3104289409ns5:RetainedEarningsAccumulatedLosses2022-12-3104289409ns5:NetGoodwill2023-01-012023-12-3104289409ns5:PlantMachinery2023-01-012023-12-3104289409ns5:NetGoodwill2022-12-3104289409ns5:NetGoodwill2023-12-3104289409ns5:NetGoodwill2022-12-3104289409ns5:LandBuildings2022-12-3104289409ns5:PlantMachinery2022-12-3104289409ns5:LandBuildings2023-01-012023-12-3104289409ns5:LandBuildings2023-12-3104289409ns5:PlantMachinery2023-12-3104289409ns5:LandBuildings2022-12-3104289409ns5:PlantMachinery2022-12-3104289409ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104289409ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104289409ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 04289409 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R G B DIGITAL LIMITED

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


R G B DIGITAL LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: J C C Baile
Mrs M Baile





REGISTERED OFFICE: Unit 4
1A Cullen Way
Park Royal
London
NW10 6JZ





REGISTERED NUMBER: 04289409 (England and Wales)





ACCOUNTANTS: Randall Robinson
Office 3.14
85 Gresham Street
London
EC2V 7NQ

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3,274,244 3,276,730
3,274,245 3,276,731

CURRENT ASSETS
Debtors 6 76,335 98,120
Cash at bank and in hand 8,428 31,411
84,763 129,531
CREDITORS
Amounts falling due within one year 7 187,439 197,639
NET CURRENT LIABILITIES (102,676 ) (68,108 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,171,569

3,208,623

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CREDITORS
Amounts falling due after more than
one year

8

520,551

556,702

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Revaluation reserve 9 2,208,000 2,208,000
Retained earnings 441,518 442,421
SHAREHOLDERS' FUNDS 2,651,018 2,651,921
3,171,569 3,208,623

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

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

The directors acknowledge their 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.

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





J C C Baile - Director


R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

R G B Digital Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

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 - 33% on cost and 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 92,000
AMORTISATION
At 1 January 2023
and 31 December 2023 91,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 3,238,104 375,586 3,613,690
Additions - 9,561 9,561
At 31 December 2023 3,238,104 385,147 3,623,251
DEPRECIATION
At 1 January 2023 - 336,960 336,960
Charge for year - 12,047 12,047
At 31 December 2023 - 349,007 349,007
NET BOOK VALUE
At 31 December 2023 3,238,104 36,140 3,274,244
At 31 December 2022 3,238,104 38,626 3,276,730

Included in cost of land and buildings is freehold land of £ 2,030,104 (2022 - £ 2,030,104 ) which is not depreciated.

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors - 21,785
Other debtors 76,335 76,335
76,335 98,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,344 -
Trade creditors (2 ) 56
Taxation and social security 7,697 36,534
Other creditors 174,400 161,049
187,439 197,639

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,458 37,658
Other creditors 496,093 519,044
520,551 556,702

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 496,093 519,044

R G B DIGITAL LIMITED (REGISTERED NUMBER: 04289409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023


9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 2,208,000

10. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their 100% holdings of the issued share capital.