Registered number
04326627
Ronin Marketing Limited
Unaudited Filleted Accounts
30 November 2023
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75, Westow Hill
London
United Kingdom
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
Ronin Marketing Limited
Registered number: 04326627
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,952 8,056
Current assets
Debtors 4 27,715 59,328
Cash at bank and in hand 188,633 245,600
216,348 304,928
Creditors: amounts falling due within one year 5 (56,223) (75,031)
Net current assets 160,125 229,897
Total assets less current liabilities 167,077 237,953
Provisions for liabilities (1,738) (2,014)
Net assets 165,339 235,939
Capital and reserves
Called up share capital 1 1
Profit and loss account 165,338 235,938
Shareholders' funds 165,339 235,939
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Lipscombe
Director
Approved by the board on 5 August 2024
Ronin Marketing Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 67,910 9,859 77,769
Additions 1,221 - 1,221
At 30 November 2023 69,131 9,859 78,990
Depreciation
At 1 December 2022 59,854 9,859 69,713
Charge for the year 2,325 - 2,325
At 30 November 2023 62,179 9,859 72,038
Net book value
At 30 November 2023 6,952 - 6,952
At 30 November 2022 8,056 - 8,056
4 Debtors 2023 2022
£ £
Trade debtors 27,595 59,208
Other debtors 120 120
27,715 59,328
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,419 3,708
Trade creditors 6,115 6,223
Taxation and social security costs 23,514 63,703
Other creditors 25,175 1,397
56,223 75,031
6 Controlling party
The company is controlled jointly by the directors
7 Other information
Ronin Marketing Limited is a private company limited by shares and incorporated in England. Its registered office is:
75, Westow Hill
London
United Kingdom
SE19 1TX
Ronin Marketing Limited 04326627 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 S Lipscombe No description of principal activity 04326627 2021-12-01 2022-11-30 04326627 core:WithinOneYear 2022-11-30 04326627 core:ShareCapital 2022-11-30 04326627 core:RetainedEarningsAccumulatedLosses 2022-11-30 04326627 2022-12-01 2023-11-30 04326627 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04326627 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 04326627 bus:Director40 2022-12-01 2023-11-30 04326627 1 2022-12-01 2023-11-30 04326627 2 2022-12-01 2023-11-30 04326627 core:PlantMachinery 2022-12-01 2023-11-30 04326627 core:Vehicles 2022-12-01 2023-11-30 04326627 countries:England 2022-12-01 2023-11-30 04326627 bus:FRS102 2022-12-01 2023-11-30 04326627 bus:FilletedAccounts 2022-12-01 2023-11-30 04326627 2023-11-30 04326627 core:WithinOneYear 2023-11-30 04326627 core:ShareCapital 2023-11-30 04326627 core:RetainedEarningsAccumulatedLosses 2023-11-30 04326627 core:PlantMachinery 2023-11-30 04326627 core:Vehicles 2023-11-30 04326627 2022-11-30 04326627 core:PlantMachinery 2022-11-30 04326627 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure