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Company No: 13091335 (England and Wales)

RBMH EVENT DESIGN LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

RBMH EVENT DESIGN LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

RBMH EVENT DESIGN LTD

BALANCE SHEET

As at 31 March 2024
RBMH EVENT DESIGN LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 51,641 15,602
51,641 15,602
Current assets
Debtors 4 2,209 1,078
Cash at bank and in hand 5 17,140 55,702
19,349 56,780
Creditors: amounts falling due within one year 6 ( 38,049) ( 49,031)
Net current (liabilities)/assets (18,700) 7,749
Total assets less current liabilities 32,941 23,351
Creditors: amounts falling due after more than one year 7 ( 31,136) 0
Provision for liabilities ( 12,910) ( 3,900)
Net (liabilities)/assets ( 11,105) 19,451
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account ( 11,107 ) 19,449
Total shareholders' (deficit)/funds ( 11,105) 19,451

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 financial statements of RBMH Event Design Ltd (registered number: 13091335) were approved and authorised for issue by the Board of Directors on 27 November 2024. They were signed on its behalf by:

MJ Harman
Director
RBMH EVENT DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
RBMH EVENT DESIGN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

RBMH Event Design Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, DA14 5DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £11,105. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 14,459 0 5,013 19,472
Additions 3,358 37,733 0 41,091
At 31 March 2024 17,817 37,733 5,013 60,563
Accumulated depreciation
At 01 April 2023 2,990 0 880 3,870
Charge for the financial year 3,420 629 1,003 5,052
At 31 March 2024 6,410 629 1,883 8,922
Net book value
At 31 March 2024 11,407 37,104 3,130 51,641
At 31 March 2023 11,469 0 4,133 15,602

4. Debtors

2024 2023
£ £
Trade debtors 1,299 0
Other debtors 910 1,078
2,209 1,078

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 17,140 55,702

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 736 3,404
Corporation tax 28,159 27,663
Other taxation and social security 2,110 12,482
Obligations under finance leases and hire purchase contracts (secured) 5,628 0
Other creditors 1,416 5,482
38,049 49,031

The hire purchase balance is secured on the assets financed.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 31,136 0

The hire purchase balance is secured on the assets financed.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts due from/(to) Directors 1,252 (3,252)

During the year the company made advances of £174,852 (2023: £65,633) and repayments of £170,348 (2023: £55,542). The loans to the directors are unsecured, interest free and repayable on demand.