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REGISTERED NUMBER: 01186267 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Relic Designs Limited

Relic Designs Limited (Registered number: 01186267)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Relic Designs Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M Gliksten
P Whitehead





SECRETARY: M Gliksten





REGISTERED OFFICE: 127 Pancras Road
London
NW1 1UN





REGISTERED NUMBER: 01186267 (England and Wales)





ACCOUNTANTS: Myers & Co Accountants Limited
Suite 204A, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS

Relic Designs Limited (Registered number: 01186267)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,207 213,112

CURRENT ASSETS
Stocks 65,000 75,000
Debtors 5 3,450 3,230
Investments 6 7,954 7,954
Cash at bank and in hand 148,193 151,585
224,597 237,769
CREDITORS
Amounts falling due within one year 7 144,493 151,563
NET CURRENT ASSETS 80,104 86,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,311

299,318

CREDITORS
Amounts falling due after more than one
year

8

10,333

19,913
NET ASSETS 266,978 279,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 266,878 279,305
SHAREHOLDERS' FUNDS 266,978 279,405

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

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

Relic Designs Limited (Registered number: 01186267)

Balance Sheet - continued
31 August 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 9 January 2025 and were signed on its behalf by:




M Gliksten - Director



P Whitehead - Director


Relic Designs Limited (Registered number: 01186267)

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

1. STATUTORY INFORMATION

Relic Designs 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

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 9 (2023 - 9 ) .

Relic Designs Limited (Registered number: 01186267)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 September 2023 213,622 2,500 42,000
Additions - - -
Disposals - - -
At 31 August 2024 213,622 2,500 42,000
DEPRECIATION
At 1 September 2023 84,227 2,500 -
Charge for year 3,662 - 840
Eliminated on disposal - - -
At 31 August 2024 87,889 2,500 840
NET BOOK VALUE
At 31 August 2024 125,733 - 41,160
At 31 August 2023 129,395 - 42,000

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 77,857 5,723 36,809 378,511
Additions 1,875 - 332 2,207
Disposals (4,673 ) - - (4,673 )
At 31 August 2024 75,059 5,723 37,141 376,045
DEPRECIATION
At 1 September 2023 40,506 3,038 35,128 165,399
Charge for year 8,930 672 503 14,607
Eliminated on disposal (1,168 ) - - (1,168 )
At 31 August 2024 48,268 3,710 35,631 178,838
NET BOOK VALUE
At 31 August 2024 26,791 2,013 1,510 197,207
At 31 August 2023 37,351 2,685 1,681 213,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 450 230
Other debtors 3,000 3,000
3,450 3,230

Relic Designs Limited (Registered number: 01186267)

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

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Listed investments 7,954 7,954
Market value of listed investments at 31 August 2024 - £ 290 (2023 - £ 247 ).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 13,115 11,797
Hire purchase contracts - 2,521
Trade creditors 23,529 44,027
Taxation and social security 37,180 36,256
Other creditors 70,669 56,962
144,493 151,563

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 10,333 19,913

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 20,833 30,833