IRIS Accounts Production v24.3.2.46 06899661 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068996612023-05-31068996612024-05-31068996612023-06-012024-05-31068996612022-05-31068996612022-06-012023-05-31068996612023-05-3106899661ns15:EnglandWales2023-06-012024-05-3106899661ns14:PoundSterling2023-06-012024-05-3106899661ns10:Director12023-06-012024-05-3106899661ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106899661ns10:SmallEntities2023-06-012024-05-3106899661ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106899661ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106899661ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106899661ns10:FullAccounts2023-06-012024-05-3106899661ns10:Director22023-06-012024-05-3106899661ns10:CompanySecretary12023-06-012024-05-3106899661ns10:RegisteredOffice2023-06-012024-05-3106899661ns5:CurrentFinancialInstruments2024-05-3106899661ns5:CurrentFinancialInstruments2023-05-3106899661ns5:Non-currentFinancialInstruments2024-05-3106899661ns5:Non-currentFinancialInstruments2023-05-3106899661ns5:ShareCapital2024-05-3106899661ns5:ShareCapital2023-05-3106899661ns5:RetainedEarningsAccumulatedLosses2024-05-3106899661ns5:RetainedEarningsAccumulatedLosses2023-05-3106899661ns5:PlantMachinery2023-06-012024-05-3106899661ns5:FurnitureFittings2023-06-012024-05-3106899661ns5:PlantMachinery2023-05-3106899661ns5:FurnitureFittings2023-05-3106899661ns5:PlantMachinery2024-05-3106899661ns5:FurnitureFittings2024-05-3106899661ns5:PlantMachinery2023-05-3106899661ns5:FurnitureFittings2023-05-3106899661ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-05-3106899661ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3106899661ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2024-05-3106899661ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-05-3106899661ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106899661ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 06899661 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

REALLY CREATIVE MEDIA LIMITED

REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REALLY CREATIVE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N Dew
J Fox





SECRETARY: N Dew





REGISTERED OFFICE: 57B Riding House Street
London
W1W 7EF





REGISTERED NUMBER: 06899661 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 992,732 940,640

CURRENT ASSETS
Debtors 5 1,009,778 763,935
Cash at bank 189,196 311,080
1,198,974 1,075,015
CREDITORS
Amounts falling due within one year 6 1,082,031 940,675
NET CURRENT ASSETS 116,943 134,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,675

1,074,980

CREDITORS
Amounts falling due after more than one
year

7

(479,808

)

(394,839

)

PROVISIONS FOR LIABILITIES (129,070 ) (122,184 )
NET ASSETS 500,797 557,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 500,697 557,857
SHAREHOLDERS' FUNDS 500,797 557,957

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

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

REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)

BALANCE SHEET - continued
31 MAY 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 25 February 2025 and were signed on its behalf by:





N Dew - Director


REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Really Creative Media 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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.

REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023 3,547 1,997,086 2,000,633
Additions 1,033 306,633 307,666
Disposals - (3,576 ) (3,576 )
At 31 May 2024 4,580 2,300,143 2,304,723
DEPRECIATION
At 1 June 2023 2,682 1,057,311 1,059,993
Charge for year 367 255,207 255,574
Eliminated on disposal - (3,576 ) (3,576 )
At 31 May 2024 3,049 1,308,942 1,311,991
NET BOOK VALUE
At 31 May 2024 1,531 991,201 992,732
At 31 May 2023 865 939,775 940,640

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1 June 2023 1,023,635
Additions 160,903
At 31 May 2024 1,184,538
DEPRECIATION
At 1 June 2023 514,016
Charge for year 134,113
At 31 May 2024 648,129
NET BOOK VALUE
At 31 May 2024 536,409
At 31 May 2023 509,619

REALLY CREATIVE MEDIA LIMITED (REGISTERED NUMBER: 06899661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 509,852 325,637
Other debtors 499,926 438,298
1,009,778 763,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,745 152,645
Hire purchase contracts 225,913 207,487
Trade creditors 367,065 186,240
Taxation and social security 90,203 146,408
Other creditors 260,105 247,895
1,082,031 940,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 194,665 117,235
Hire purchase contracts 285,143 277,604
479,808 394,839

8. TRANSACTIONS WITH DIRECTORS

During the year, the company voted dividends of £59,600 to each director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.