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Registered number: 06810606
Remote Audio Visual Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
TaxAssist Accountants Bolton
353 Halliwell Road
Bolton
Lancashire
BL1 8DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06810606
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 119,169 110,262
119,169 110,262
CURRENT ASSETS
Debtors 5 77,398 91,098
Cash at bank and in hand 355,843 404,479
433,241 495,577
Creditors: Amounts Falling Due Within One Year 6 (93,330 ) (117,026 )
NET CURRENT ASSETS (LIABILITIES) 339,911 378,551
TOTAL ASSETS LESS CURRENT LIABILITIES 459,080 488,813
Creditors: Amounts Falling Due After More Than One Year 7 (13,904 ) (24,042 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,251 ) (24,722 )
NET ASSETS 418,925 440,049
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 418,923 440,047
SHAREHOLDERS' FUNDS 418,925 440,049
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Lowe
Director
Mr Mark Self
Director
25/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Remote Audio Visual Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06810606 . The registered office is Unit 34 Peel Mills Industrial Estate, Chamberhall Street, Bury, BL9 0LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% reducing balance
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 12)
14 12
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2024 3,630 361,804 3,023 368,457
Additions 4,757 43,147 2,886 50,790
Disposals - (20,123 ) (159 ) (20,282 )
As at 31 January 2025 8,387 384,828 5,750 398,965
Depreciation
As at 1 February 2024 3,267 252,859 2,069 258,195
Provided during the period 1,305 37,460 958 39,723
Disposals - (17,968 ) (154 ) (18,122 )
As at 31 January 2025 4,572 272,351 2,873 279,796
Net Book Value
As at 31 January 2025 3,815 112,477 2,877 119,169
As at 1 February 2024 363 108,945 954 110,262
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 55,273 82,384
Prepayments and accrued income 13,262 8,164
Other debtors 5,883 350
Other debtors (1) 2,780 -
Directors' loan accounts 200 200
77,398 91,098
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (502 ) 10,030
Bank loans and overdrafts 1,764 1,571
Corporation tax 54,945 73,391
Other taxes and social security - 1,889
VAT 33,345 27,242
Other creditors 1,395 867
Accruals and deferred income 2,383 2,036
93,330 117,026
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 13,904 24,042
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Mark Lowe 100 100 100 - 100
Mr Mark Self 100 100 100 - 100
The above loan is unsecured, interest free and repayable on demand.
Page 5