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REGISTERED NUMBER: 06582291 (England and Wales)















Real SFX Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Real SFX Limited (Registered number: 06582291)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Real SFX Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C R Hargreaves
D R Hargreaves





SECRETARY: C R Hargreaves





REGISTERED OFFICE: Real Sfx Limited
Ipswich Road
Cardiff
CF23 9AQ





REGISTERED NUMBER: 06582291 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Real SFX Limited (Registered number: 06582291)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 719,177 698,073

CURRENT ASSETS
Debtors 5 1,785,760 1,825,884
Cash at bank 1,753,396 2,044,928
3,539,156 3,870,812
CREDITORS
Amounts falling due within one year 6 958,313 1,113,728
NET CURRENT ASSETS 2,580,843 2,757,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,300,020

3,455,157

CREDITORS
Amounts falling due after more than one year 7 (129,524 ) (236,875 )

PROVISIONS FOR LIABILITIES 9 (128,890 ) (124,515 )
NET ASSETS 3,041,606 3,093,767

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,041,596 3,093,757
3,041,606 3,093,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 January 2025 and were signed on its behalf by:



C R Hargreaves - Director


Real SFX Limited (Registered number: 06582291)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Real SFX 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% 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.

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.

Real SFX Limited (Registered number: 06582291)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 124,601 568,662 73,504
Additions - 16,606 66,067
Disposals - - -
At 30 April 2024 124,601 585,268 139,571
DEPRECIATION
At 1 May 2023 17,823 219,211 16,213
Charge for year 10,004 47,409 7,500
Eliminated on disposal - - -
Charge written back - - -
At 30 April 2024 27,827 266,620 23,713
NET BOOK VALUE
At 30 April 2024 96,774 318,648 115,858
At 30 April 2023 106,778 349,451 57,291

Real SFX Limited (Registered number: 06582291)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 324,361 20,594 1,111,722
Additions - 934 83,607
Disposals - (133 ) (133 )
At 30 April 2024 324,361 21,395 1,195,196
DEPRECIATION
At 1 May 2023 151,304 9,098 413,649
Charge for year 26,526 5,271 96,710
Eliminated on disposal - (8 ) (8 )
Charge written back (34,332 ) - (34,332 )
At 30 April 2024 143,498 14,361 476,019
NET BOOK VALUE
At 30 April 2024 180,863 7,034 719,177
At 30 April 2023 173,057 11,496 698,073

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 144,598
DEPRECIATION
At 1 May 2023 80,572
Charge for year 11,873
Charge written back (18,759 )
At 30 April 2024 73,686
NET BOOK VALUE
At 30 April 2024 70,912
At 30 April 2023 64,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 251,915 532,953
Amounts owed by group undertakings 537,635 473,233
Other debtors 996,210 819,698
1,785,760 1,825,884

Real SFX Limited (Registered number: 06582291)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 63,636 63,636
Hire purchase contracts 42,301 23,755
Trade creditors 75,341 135,783
Taxation and social security 315,146 322,712
Other creditors 461,889 567,842
958,313 1,113,728

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 83,333 146,969
Hire purchase contracts 46,191 89,906
129,524 236,875

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 146,969 210,605
Hire purchase contracts 88,492 113,661
235,461 324,266

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 128,890 124,515

Deferred
tax
£   
Balance at 1 May 2023 124,515
Charge to Income Statement during year 4,375
Balance at 30 April 2024 128,890

Real SFX Limited (Registered number: 06582291)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
C R Hargreaves and D R Hargreaves
Balance outstanding at start of year 811,948 600,023
Amounts advanced 952,665 1,911,331
Amounts repaid (842,038 ) (1,699,406 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 922,575 811,948

The balance is repayable on demand and interest has been charged at 2.25% (2023: 2.5%).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D R Hargreaves by virtue of his shareholding in Real SFX Group Limited.