Company No: 06027543 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTOR

R P McArthur

REGISTERED OFFICE	5 Treeside Drive
	Farnham
	Surrey
	GU9 9DB
	United Kingdom

COMPANY NUMBER

06027543 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	35,667		19,922
		35,667		19,922
Current assets
Debtors	4	259,462		262,098
Cash at bank and in hand	5	1,017,560		966,468
		1,277,022		1,228,566
Creditors: amounts falling due within one year	6	( 264,969)		( 140,596)
Net current assets		1,012,053		1,087,970
Total assets less current liabilities		1,047,720		1,107,892
Provision for liabilities	7	( 8,889)		( 3,713)
Net assets		1,038,831		1,104,179
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,038,731		1,104,079
Total shareholder's funds		1,038,831		1,104,179

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Realworld Audio Visual Limited (registered number: 06027543) were approved and authorised for issue by the Director on 23 September 2025. They were signed on its behalf by:

R P McArthur Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Realworld Audio Visual Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Treeside Drive, Farnham, Surrey, GU9 9DB, United Kingdom.

The financial statements have been prepared under the historical cost convention, unless stated otherwise, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The asset of the plan are held separately from the Company in independently administered funds.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	10 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	33.33 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	7		8

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	18,680		6,096		25,769		21,010		71,555
Additions	25,388		0		1,608		0		26,996
Disposals	( 12,180)		0		( 7,385)		( 17,968)		( 37,533)
At 31 December 2024	31,888		6,096		19,992		3,042		61,018
Accumulated depreciation
At 01 January 2024	11,067		5,036		15,809		19,721		51,633
Charge for the financial year	1,608		265		2,524		425		4,822
Disposals	( 6,980)		0		( 6,638)		( 17,486)		( 31,104)
At 31 December 2024	5,695		5,301		11,695		2,660		25,351
Net book value
At 31 December 2024	26,193		795		8,297		382		35,667
At 31 December 2023	7,613		1,060		9,960		1,289		19,922

4. Debtors

	2024		2023
	£		£
Trade debtors	257,204		261,402
Prepayments	2,258		696
	259,462		262,098

5. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	1,017,560		966,468

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	144,277		90,301
Amounts owed to director	15,211		14,277
Accruals	1,400		1,400
Corporation tax	64,494		5,598
Other taxation and social security	39,330		28,351
Other creditors	257		669
	264,969		140,596

7. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 3,713)		( 4,248)
(Charged)/credited to the Statement of Income and Retained Earnings	( 5,176)		535
At the end of financial year	( 8,889)		( 3,713)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 8,889)		( 3,713)