RT Scenic Ltd 10669846 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is scenery construction. Digita Accounts Production Advanced 6.30.9574.0 true true 10669846 2023-04-01 2024-03-31 10669846 2024-03-31 10669846 core:CurrentFinancialInstruments 2024-03-31 10669846 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10669846 core:Non-currentFinancialInstruments 2024-03-31 10669846 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10669846 core:PlantMachinery 2024-03-31 10669846 bus:SmallEntities 2023-04-01 2024-03-31 10669846 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10669846 bus:FilletedAccounts 2023-04-01 2024-03-31 10669846 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10669846 bus:RegisteredOffice 2023-04-01 2024-03-31 10669846 bus:Director1 2023-04-01 2024-03-31 10669846 bus:Director2 2023-04-01 2024-03-31 10669846 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10669846 core:PlantMachinery 2023-04-01 2024-03-31 10669846 countries:EnglandWales 2023-04-01 2024-03-31 10669846 2023-03-31 10669846 core:PlantMachinery 2023-03-31 10669846 2022-04-01 2023-03-31 10669846 2023-03-31 10669846 core:CurrentFinancialInstruments 2023-03-31 10669846 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10669846 core:Non-currentFinancialInstruments 2023-03-31 10669846 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10669846 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10669846

RT Scenic Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

RT Scenic Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

RT Scenic Ltd

Company Information

Directors

R Tricker

K Myles

Registered office

Unit 7 Bankfield Mills
Huddersfield Road
Mirfield
West Yorkshire
WF14 9DQ

 

RT Scenic Ltd

(Registration number: 10669846)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,885

7,111

Current assets

 

Debtors

5

8,259

36,569

Cash at bank and in hand

 

69,955

41,742

 

78,214

78,311

Creditors: Amounts falling due within one year

6

(26,569)

(31,168)

Net current assets

 

51,645

47,143

Total assets less current liabilities

 

59,530

54,254

Creditors: Amounts falling due after more than one year

6

(11,430)

(10,158)

Provisions for liabilities

(1,971)

(1,352)

Net assets

 

46,129

42,744

Capital and reserves

 

Called up share capital

2

2

Retained earnings

46,127

42,742

Shareholders' funds

 

46,129

42,744

For the financial year ending 31 March 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

RT Scenic Ltd

(Registration number: 10669846)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
R Tricker
Director

 

RT Scenic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7 Bankfield Mills
Huddersfield Road
Mirfield
West Yorkshire
WF14 9DQ
England

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

RT Scenic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance and over lease term

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

RT Scenic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

 

RT Scenic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

22,345

22,345

Additions

4,800

4,800

At 31 March 2024

27,145

27,145

Depreciation

At 1 April 2023

15,234

15,234

Charge for the year

4,026

4,026

At 31 March 2024

19,260

19,260

Carrying amount

At 31 March 2024

7,885

7,885

At 31 March 2023

7,111

7,111

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,259

36,569

 

8,259

36,569

 

RT Scenic Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,395

1,188

Taxation and social security

 

23,974

27,946

Accruals and deferred income

 

421

108

Other creditors

 

779

1,926

 

26,569

31,168

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

11,430

10,158

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

6,769

7,425

Other borrowings

4,661

2,733

11,430

10,158

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,395

1,188