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Registered number: 12945146
Roniss Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12945146
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 787 535
787 535
CURRENT ASSETS
Debtors 4 10,811 3,235
Cash at bank and in hand 40,906 33,121
51,717 36,356
Creditors: Amounts Falling Due Within One Year 5 (49,939 ) (32,738 )
NET CURRENT ASSETS (LIABILITIES) 1,778 3,618
TOTAL ASSETS LESS CURRENT LIABILITIES 2,565 4,153
NET ASSETS 2,565 4,153
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 2,555 4,143
SHAREHOLDERS' FUNDS 2,565 4,153
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ronalds Birznieks
Director
25 July 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture, fixtures and equipment 15% reducing balance
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 1 November 2022 629
Additions 378
As at 31 October 2023 1,007
...CONTINUED
Page 2
Page 3
Depreciation
As at 1 November 2022 94
Provided during the period 126
As at 31 October 2023 220
Net Book Value
As at 31 October 2023 787
As at 1 November 2022 535
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,061 3,235
Other Loan 7,750 -
10,811 3,235
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - 365
Other creditors 33,414 23,407
Accruals and deferred income 1,800 1,800
Director's loan account 14,725 7,166
49,939 32,738
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
7. Related Party Transactions
Included in creditors due within one year is an amount of £14,725 (2022: £7,166 ) owed to its director. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
9. General Information
Roniss Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12945146 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 5SQ.
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