RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED - Company Information

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RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Company Registration Number:
NI656239 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2019

Period of accounts

Start date: 09 October 2018

End date: 31 October 2019

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2019

Balance sheet
Notes

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Balance sheet

As at 31 October 2019


Notes
13 months to 31 October 2019


£
Fixed assets
Intangible assets: 3 10,800
Tangible assets: 4 2,536
Total fixed assets: 13,336
Current assets
Stocks: 8,647
Debtors: 5 47,206
Cash at bank and in hand: 2,467
Total current assets: 58,320
Creditors: amounts falling due within one year: 6 (87,133)
Net current assets (liabilities): (28,813)
Total assets less current liabilities: (15,477)
Total net assets (liabilities): (15,477)
Capital and reserves
Called up share capital: 1
Profit and loss account: (15,478)
Shareholders funds: (15,477)

The notes form part of these financial statements

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Balance sheet statements

For the year ending 31 October 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2020
and signed on behalf of the board by:

Name: S Livingstone
Status: Director

The notes form part of these financial statements

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year. It is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Equipment, Fixtures & Fittings – 20% on cost

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years

Other accounting policies

TaxationTaxation 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 TaxDeferred 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.StocksStocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

2. Employees

13 months to 31 October 2019
Average number of employees during the period 5

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

3. Intangible Assets

Total
Cost £
Additions 12,000
At 31 October 2019 12,000
Amortisation
Charge for year 1,200
At 31 October 2019 1,200
Net book value
At 31 October 2019 10,800

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

4. Tangible Assets

Total
Cost £
Additions 3,169
At 31 October 2019 3,169
Depreciation
Charge for year 633
At 31 October 2019 633
Net book value
At 31 October 2019 2,536

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

5. Debtors

13 months to 31 October 2019
£
Debtors due after more than one year: 0

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

6. Creditors: amounts falling due within one year note

There are no secured creditors

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

7. Financial commitments

There are no financial commitments other than premises rental payments

RUMOUR MILL CREATIVE COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2019

8. Loans to directors

Name of director receiving advance or credit: S Livingstone
Description of the loan: Advanced to director for non business activity
£
Advances or credits made: 7,631
Balance at 31 October 2019 7,631