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REGISTERED NUMBER: 06926241 (England and Wales)



















RBA NETWORK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


RBA NETWORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs M Y Wallis
Ms J McLaughlan





REGISTERED OFFICE: 1st Floor Unit 5
Arabesque House
Monks Cross Drive
York
Yorkshire
YO32 9GZ





REGISTERED NUMBER: 06926241 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 192,940 241,175
Tangible assets 5 109,915 89,297
Investments 6 120 120
302,975 330,592

CURRENT ASSETS
Stocks 58,575 -
Debtors 7 1,145,342 361,142
Cash at bank and in hand 6,210,305 5,884,618
7,414,222 6,245,760
CREDITORS
Amounts falling due within one year 8 1,496,851 606,400
NET CURRENT ASSETS 5,917,371 5,639,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,220,346

5,969,952

PROVISIONS FOR LIABILITIES 2,733 9,372
NET ASSETS 6,217,613 5,960,580

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 6,217,513 5,960,480
SHAREHOLDERS' FUNDS 6,217,613 5,960,580

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

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

RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mrs M Y Wallis - Director


RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

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


1. STATUTORY INFORMATION

RBA Network 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 241,175
AMORTISATION
Charge for year 48,235
At 31 December 2024 48,235
NET BOOK VALUE
At 31 December 2024 192,940
At 31 December 2023 241,175

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 86,736 97,044 111,833 295,613
Additions - 99,613 2,950 102,563
Disposals - (73,181 ) (94,994 ) (168,175 )
At 31 December 2024 86,736 123,476 19,789 230,001
DEPRECIATION
At 1 January 2024 65,171 31,305 109,840 206,316
Charge for year 4,312 17,771 2,155 24,238
Eliminated on disposal - (15,474 ) (94,994 ) (110,468 )
At 31 December 2024 69,483 33,602 17,001 120,086
NET BOOK VALUE
At 31 December 2024 17,253 89,874 2,788 109,915
At 31 December 2023 21,565 65,739 1,993 89,297

RBA NETWORK LIMITED (REGISTERED NUMBER: 06926241)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 120
NET BOOK VALUE
At 31 December 2024 120
At 31 December 2023 120

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 462,896 249,051
Other debtors 548,658 30,403
Corporation tax 83,498 26,056
Prepayments and accrued income 50,290 55,632
1,145,342 361,142

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 250,057 227,670
Amounts owed to group undertakings 86,225 -
Social security and other taxes 37,553 27,490
VAT 87,719 3,270
Other creditors 82,684 41,048
Accruals and deferred income 952,613 306,922
1,496,851 606,400

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

10. RELATED PARTY DISCLOSURES

RBA Network Limited owe £86,225 to a fellow group undertaking at the balance sheet date.