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REGISTERED NUMBER: 01940817 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

RA CREATIVE LIMITED

RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RA CREATIVE LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr N R Allured





SECRETARY: Mr N R Allured





REGISTERED OFFICE: 28 The Halfcroft
High Street
Syston
Leicester
LE7 1LD





REGISTERED NUMBER: 01940817 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,720 12,993

CURRENT ASSETS
Stocks 5 600 625
Debtors 6 704,281 465,824
Cash at bank 636,498 991,631
1,341,379 1,458,080
CREDITORS
Amounts falling due within one year 7 (547,248 ) (598,305 )
NET CURRENT ASSETS 794,131 859,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,851

872,768

PROVISIONS FOR LIABILITIES (3,056 ) (2,121 )
NET ASSETS 804,795 870,647

CAPITAL AND RESERVES
Called up share capital 706 706
Capital redemption reserve 471 471
Retained earnings 803,618 869,470
804,795 870,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2025 and were signed by:





Mr N R Allured - Director


RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

RA Creative Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is 28 The Halcroft, High Street, Syston, Leicester, LE7 1LD and the registered number is 01940817.

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.

The financial statements are presented in sterling (£) and amounts are rounded to the nearest £1.

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the cost incurred and the costs to complete the contract can be measured reliably;

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 15% straight line
Plant and machinery 20% straight line
Motor vehicles 25% straight line

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 and loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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 18 (2023 - 17 ) .

RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Computer and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 164,183 45,107 23,251 232,541
Additions 6,848 - - 6,848
Disposals (130,028 ) (37,133 ) - (167,161 )
At 30 June 2024 41,003 7,974 23,251 72,228
DEPRECIATION
At 1 July 2023 152,746 43,551 23,251 219,548
Charge for year 5,254 867 - 6,121
Eliminated on disposal (130,028 ) (37,133 ) - (167,161 )
At 30 June 2024 27,972 7,285 23,251 58,508
NET BOOK VALUE
At 30 June 2024 13,031 689 - 13,720
At 30 June 2023 11,437 1,556 - 12,993

5. STOCKS
2024 2023
£    £   
Stocks 600 625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 658,283 428,686
Amounts recoverable on contract 30,000 28,000
Prepayments and accrued income 15,998 9,138
704,281 465,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,036 39,884
Amounts owed to associates 251,961 263,682
Tax 96,810 96,125
Social security and other taxes 114,748 111,205
Other creditors 13,673 15,770
Directors' current accounts 32,723 67,469
Accruals and deferred income 6,297 4,170
547,248 598,305

RA CREATIVE LIMITED (REGISTERED NUMBER: 01940817)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,000 36,000
Between one and five years 3,000 30,000
30,000 66,000