4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,875 832 6,707 1,939 2,213 4,152 2,555 3,936 xbrli:pure xbrli:shares iso4217:GBP 13999974 2023-01-01 2023-12-31 13999974 2023-12-31 13999974 2022-12-31 13999974 2022-01-01 2022-12-31 13999974 2022-12-31 13999974 2021-12-31 13999974 bus:Director2 2023-01-01 2023-12-31 13999974 core:WithinOneYear 2023-12-31 13999974 core:WithinOneYear 2022-12-31 13999974 core:AfterOneYear 2023-12-31 13999974 core:ShareCapital 2023-12-31 13999974 core:ShareCapital 2022-12-31 13999974 core:RetainedEarningsAccumulatedLosses 2023-12-31 13999974 core:RetainedEarningsAccumulatedLosses 2022-12-31 13999974 bus:SmallEntities 2023-01-01 2023-12-31 13999974 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13999974 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13999974 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13999974 bus:FullAccounts 2023-01-01 2023-12-31 13999974 core:ComputerEquipment 2023-01-01 2023-12-31 13999974 core:ComputerEquipment 2022-12-31 13999974 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 13999974
Rachel Harrison Communications Limited
Filleted Unaudited Financial Statements
31 December 2023
Rachel Harrison Communications Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
2,555
3,936
Current assets
Debtors
6
31,508
2,500
Cash at bank and in hand
8,114
20,491
--------
--------
39,622
22,991
Creditors: amounts falling due within one year
7
( 14,447)
( 67,259)
--------
--------
Net current assets/(liabilities)
25,175
( 44,268)
--------
--------
Total assets less current liabilities
27,730
( 40,332)
Creditors: amounts falling due after more than one year
8
( 194,951)
---------
--------
Net liabilities
( 167,221)
( 40,332)
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 167,321)
( 40,432)
---------
--------
Shareholders deficit
( 167,221)
( 40,332)
---------
--------
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 comprehensive income has not been delivered.
For the year ending 31 December 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 .
Rachel Harrison Communications Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Ms L A Webster
Director
Company registration number: 13999974
Rachel Harrison Communications Limited
Notes to the Financial Statements
Year ended 31 December 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 10 Orange Street, Haymarket, WC2H 7DQ, London.
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.
Going concern
The company is dependent on the financial support of its parent company, which has confirmed will continue to support the company for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration receivable for PR services rendered, net of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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:
Equipment
-
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.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 January 2023
5,875
Additions
832
-------
At 31 December 2023
6,707
-------
Depreciation
At 1 January 2023
1,939
Charge for the year
2,213
-------
At 31 December 2023
4,152
-------
Carrying amount
At 31 December 2023
2,555
-------
At 31 December 2022
3,936
-------
6. Debtors
2023
2022
£
£
Trade debtors
14,170
Other debtors
17,338
2,500
--------
-------
31,508
2,500
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
59,847
Social security and other taxes
4,412
Other creditors
14,447
3,000
--------
--------
14,447
67,259
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
194,951
---------
----