REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 |
FOR |
EGFV RIX LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 |
FOR |
EGFV RIX LIMITED |
EGFV RIX LIMITED (REGISTERED NUMBER: 09693284) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EGFV RIX LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
EGFV RIX LIMITED (REGISTERED NUMBER: 09693284) |
BALANCE SHEET |
31st July 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EGFV RIX LIMITED (REGISTERED NUMBER: 09693284) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st July 2024 |
1. | STATUTORY INFORMATION |
EGFV Rix Limited is a private company limited by share capital, incorporated in England and Wales, registration number 09693284. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and the principal place of business is Universal Square, Devonshire Street North, Manchester, M12 6JH. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts. Turnover consists of Pay-Per-Click charges, for pushing traffic to third party websites. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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. |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
Cash and cash equivalents |
Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
EGFV RIX LIMITED (REGISTERED NUMBER: 09693284) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st July 2024 |
4. | INTANGIBLE FIXED ASSETS |
Trade | Development |
mark | costs | Totals |
£ | £ | £ |
COST |
At 1st August 2023 |
and 31st July 2024 |
AMORTISATION |
At 1st August 2023 |
and 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1.00 | 100 | 100 |
8. | RELATED PARTY DISCLOSURES |
During the year the company charged £409,023 (2023: £393,030) to an entity owned by the ultimate controlling parties, Mr R J Rix and Mr J L Rix. The balance due at the year end was £8,938 (2023: £34,733). |
During the year the company has provided interest free finance to a company under common control. At the reporting date £50,000 (2023: £50,000) was owed to the company. |