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REGISTERED NUMBER: 06157264 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Rant Agency Limited

Rant Agency Limited (Registered number: 06157264)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rant Agency Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Faulconbridge
Mr C E Done
Ms D J Llewellyn
Ms A J Thorne
Ms G J A Vaughan





SECRETARY: Mrs G M Faulconbridge





REGISTERED OFFICE: First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ





REGISTERED NUMBER: 06157264 (England and Wales)





ACCOUNTANTS: Ashmole & Co
First Floor
1 St John's Court
Upper Fforest Way
Enterprise Park
Swansea
SA6 8QQ

Rant Agency Limited (Registered number: 06157264)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,057 40,270
Tangible assets 5 26,388 29,300
52,445 69,570

CURRENT ASSETS
Debtors 6 196,500 249,775
Cash at bank and in hand 37,602 167,172
234,102 416,947
CREDITORS
Amounts falling due within one year 7 154,436 192,236
NET CURRENT ASSETS 79,666 224,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,111

294,281

CREDITORS
Amounts falling due after more than one
year

8

(93,273

)

(115,470

)

PROVISIONS FOR LIABILITIES 9 (5,014 ) (5,567 )
NET ASSETS 33,824 173,244

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 33,823 173,243
SHAREHOLDERS' FUNDS 33,824 173,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Rant Agency Limited (Registered number: 06157264)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr A Faulconbridge - Director


Rant Agency Limited (Registered number: 06157264)

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

1. STATUTORY INFORMATION

Rant Agency 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

Going concern
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 2007, is being amortised evenly over its estimated useful life of ten years.

Development costs
Development costs are initially measured at cost. After initial recognition, Development costs are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
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.


Rant Agency Limited (Registered number: 06157264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,000 71,065 86,065
AMORTISATION
At 1 April 2023 15,000 30,795 45,795
Charge for year - 14,213 14,213
At 31 March 2024 15,000 45,008 60,008
NET BOOK VALUE
At 31 March 2024 - 26,057 26,057
At 31 March 2023 - 40,270 40,270

Rant Agency Limited (Registered number: 06157264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 12,707 131,492 144,199
Additions 6,829 10,733 17,562
At 31 March 2024 19,536 142,225 161,761
DEPRECIATION
At 1 April 2023 9,650 105,249 114,899
Charge for year 2,468 18,006 20,474
At 31 March 2024 12,118 123,255 135,373
NET BOOK VALUE
At 31 March 2024 7,418 18,970 26,388
At 31 March 2023 3,057 26,243 29,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,332 247,052
Amounts recoverable on contracts 78,432 -
Prepayments 8,736 2,723
196,500 249,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,900 45,040
Trade creditors 7,303 12,930
Tax - 25,688
Social security and other taxes 25,924 22,281
VAT 38,272 69,940
Other creditors 8,623 14,150
Directors' current accounts 104 7
Accrued expenses 2,310 2,200
154,436 192,236

Rant Agency Limited (Registered number: 06157264)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 76,611 98,291
Other loans 16,662 17,179
93,273 115,470

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,014 5,567

Deferred
tax
£   
Balance at 1 April 2023 5,567
Provided during year (553 )
Deferred tax
Balance at 31 March 2024 5,014

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A Faulconbridge
Balance outstanding at start of year (7 ) (54 )
Amounts advanced 65,903 299
Amounts repaid (66,000 ) (252 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (104 ) (7 )

11. RELATED PARTY DISCLOSURES

Rantmedia Games Ltd( Associated company)

As at 1 April 2023, the company owed Rantmedia Games Ltd £17,479. Rantmedia Games repaid £517 during the year. The balance outstanding at the year end was £16,662.

Rantmedia Games Ltd is an associated company as it is a company under common control.