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Registered Number: 09851572
England and Wales

 

 

 

REALLY SOCIAL MEDIA LTD



Abridged Accounts
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
aa Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Really Social Media Ltd for the year ended 31 October 2024.  In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Really Social Media Ltd for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet, and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.  This report is made solely to the Board of Directors of Really Social Media Ltd, as a body, in accordance with the terms of our engagement letter dated 15th February 2019. Our work has been undertaken solely to prepare for your approval the accounts of Really Social Media Ltd and state those matters that we have agreed to state to the Board of Directors of Really Social Media Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Really Social Media Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Really Social Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Really Social Media Ltd. You consider that Really Social Media Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Really Social Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2024



....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
14 July 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 3,908    5,424 
3,908    5,424 
Current assets      
Debtors: amounts falling due within one year 18,405    8,568 
Cash at bank and in hand (30,000)   (37,399)
(11,595)   (28,831)
Creditors: amount falling due within one year (99,749)   (124,683)
Net current assets (111,344)   (153,514)
 
Total assets less current liabilities (107,436)   (148,090)
Creditors: amount falling due after more than one year (7,840)   (18,214)
Net assets (115,276)   (166,304)
 

Capital and reserves
     
Called up share capital 4 104    104 
Share premium account 929,790    929,790 
Profit and loss account (1,045,170)   (1,096,198)
Shareholders' funds (115,276)   (166,304)
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 July 2025 and were signed by:


-------------------------------
James Krappe
Director
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General Information
Really Social Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 09851572, registration address 5 Blenhiem Court, Peppercorn Close, Peterborough, England, PE1 2DU.

The presentation currency is £ sterling
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, 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:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 14).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 November 2023 4,946    17,397    22,343 
Additions    
Disposals    
At 31 October 2024 4,946    17,397    22,343 
Depreciation
At 01 November 2023 2,762    14,157    16,919 
Charge for year 437    1,079    1,516 
On disposals    
At 31 October 2024 3,199    15,236    18,435 
Net book values
Closing balance as at 31 October 2024 1,747    2,161    3,908 
Opening balance as at 01 November 2023 2,184    3,240    5,424 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
104 Ordinary shares of £1.00 each 104    104 
104    104 

5.

Related Party Transactions

During the year the company repaid £22,685 to the director.. The balance outstanding at the 31st October 2024 was £17,369 (2023: £40,054). No interest is charged on this loan.

During the year the director's mother advanced a loan to the company of £37,000.  The balance outstanding at the 31st October 2023 was £37,000.  No interest has been charged on this loan.


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