REVENO MEDIA LTD

Company Registration Number:
05442684 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

REVENO MEDIA LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

REVENO MEDIA LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Current assets
Stocks: 59,920 32,126
Debtors: 3 2,580,598 3,182,977
Cash at bank and in hand: 774,022 466,861
Total current assets: 3,414,540 3,681,964
Creditors: amounts falling due within one year: 4 (4,060,148) (4,113,174)
Net current assets (liabilities): (645,608) (431,210)
Total assets less current liabilities: (645,608) (431,210)
Total net assets (liabilities): (645,608) (431,210)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (646,608) (432,210)
Shareholders funds: (645,608) (431,210)

The notes form part of these financial statements

REVENO MEDIA LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Natalija Vasiljeva
Status: Director

The notes form part of these financial statements

REVENO MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. Trade and other debtors Trade and other debtors (including amounts owed to group companies) are recognised initially at transaction price (including transaction costs) unless a financing arrangement exists in which case they are measured at the present value of future receipts discounted at a market rate. Subsequently these are measured at amortised cost less any provision for impairment. A provision for 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 receivables. The amount of the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. All movements in the level of provision required are recognised in the profit and loss. Cash and cash equivalents Cash and cash equivalents include cash on hand, demand deposits and other short- term highly liquid investments with original maturities of three months or less. Bank overdrafts are shown within borrowings in current liabilities on the statement of financial position. Trade and other creditors Trade and other creditors are classified as current liabilities if payment is due within one year or less. If not, 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, unless the effect of discounting would be immaterial, in which case they are stated at cost. Taxation and deferred taxation Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date. Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement. Ordinary share capital The ordinary share capital of the company is presented as equity.

REVENO MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

REVENO MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

REVENO MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

Trade creditors £3,123,268 Taxation £1,833 Other creditors £360 2,255 Accruals £934,687