Runners TV Limited Filleted accounts for Companies House (small and micro)

RUNNERS TV LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06408602

Runners TV Limited

Filleted Financial Statements

31 July 2019

Runners TV Limited

Statement of Financial Position

31 July 2019

	2019	2018
Note	£	£

Current assets

Debtors	4	39,732	20,433
Cash at bank and in hand		6,727	12,455
		--------	--------
		46,459	32,888

Creditors: amounts falling due within one year	5	35,374	24,789
		--------	--------
Net current assets		11,085	8,099
		--------	-------
Total assets less current liabilities		11,085	8,099
		--------	-------
Net assets		11,085	8,099
		--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	11,084	8,098
	--------	-------
Shareholders funds	11,085	8,099
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 26 February 2020 , and are signed on behalf of the board by:

Imam Qasim Rashid Ahmad
Director

Company registration number: 06408602

Runners TV Limited

Notes to the Financial Statements

Year ended 31 July 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 109-117 Cherry Orchard Road, Croydon, CR0 6BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	2019	2018
	£	£
Trade debtors	25,000	–
Other debtors	14,732	20,433
	--------	--------
	39,732	20,433
	--------	--------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	8,299	8,299
Amounts owed to group undertakings and undertakings in which the company has a participating interest	24,325	11,833
Other creditors	2,750	4,657
	--------	--------
	35,374	24,789
	--------	--------

6. Summary audit opinion

The auditor's report for the year dated 26 February 2020 was unqualified.

The senior statutory auditor was Stephen SEIFERT BA FCA , for and on behalf of Elliot, Woolfe & Rose .

7. Related party transactions

During the year the company made sales to International Channel Limited for £90,000 (2018: £90,000) a company under common control of Al-Khair Foundation.

8. Controlling party

The ultimate parent undertaking is Al-Khair Foundation, a company incorporated in England and Wales.