Registered Number:06937132 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2024
Realise Creative Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Realise Creative Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
31,411
43,607
2
31,411
43,607
Trade and other receivables |
215,281
126,498
3
258,245
Cash and cash equivalents |
284,349
410,847
473,526
Trade and other payables: amounts falling due within one |
year |
(34,563)
(33,510)
4
438,963
377,337
Net current assets
Total assets less current liabilities |
408,748
482,570
(7,711)
(10,557)
Provisions for liabilities |
401,037
Net assets
472,013
2
2
17,284
17,284
383,751
454,727
401,037
472,013
Shareholders' funds
For the year ended 30 June 2024 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2024
Realise Creative Ltd
Notes to the Financial Statements
Statutory Information
Realise Creative Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06937132. |
Unit D Willow House
Dragonfly Place
Brockley
London
SE4 2FJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
The principal accounting policies adopted are set out below. |
Revenue recognition
Turnover is measured at the fair value of the consideration receivable for services provided net of Value Added Tax.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
For the year ended 30 June 2024
Realise Creative Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Equipment
159,635
70,374
37,209
52,052
196
-
196
-
52,052
37,405
70,374
159,831
Provision for depreciation and impairment |
116,028
68,339
34,676
13,013
Charge for year
12,392
1,018
1,614
9,760
128,420
69,357
36,290
22,773
29,279
1,115
1,017
31,411
39,039
2,533
2,035
43,607
3. Trade and other receivables |
2023
2024
-
19,140
126,498
196,141
215,281
126,498
4. Trade and other payables: amounts falling due within one year |
2023
2024
2,718
2,096
Taxation and social security |
19,804
7,365
10,988
25,102
33,510
34,563
5. Related party transactions |
During the year the company received repayment of £71,000 towards a loan that it provided to a company under |
common control of one of the directors. As at 30 June 2024 the total amount outstanding from related parties was |
£124,205 (2023: £195,205). The loans were provided interest free but are repayable on demand. The balances |
outstanding are included in Other debtors in note 5 of the accounts. |
6. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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For the year ended 30 June 2024
Realise Creative Ltd
Notes to the Financial Statements Continued
4 of 4