Refract Marketing Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11360741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Refract Marketing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R Fowler

D Ogg

REGISTERED OFFICE:

Pilkingtons Tuckers Lane

Ubley

Bristol

BS40 6PB

REGISTERED NUMBER:

11360741 (England and Wales)

ACCOUNTANTS:

Kingscote Accountancy Limited

77A Alma Road

Clifton

Bristol

BS8 2DP

CURRENT ASSETS

Debtors

4

538,496

588,676

Cash at bank

89,690

32,006

628,186

620,682

CREDITORS

Amounts falling due within one year

5

148,134

127,338

NET CURRENT ASSETS

480,052

493,344

TOTAL ASSETS LESS CURRENT
LIABILITIES

480,052

493,344

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

480,050

493,342

480,052

493,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2022 and were signed on its behalf by:

R Fowler - Director

1.	STATUTORY INFORMATION

Refract Marketing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

Other debtors

538,496

588,676

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

Trade creditors

38

Taxation and social security

(3,118

)

125,218

Other creditors

151,214

2,082

148,134

127,338

6.	RELATED PARTY DISCLOSURES

As at the year end the Company owed R Fowler £2,082 [2020: £2,082].

At the balance sheet date, the total amount owed to the company by Orca Medical Limited is £538,265 [2020: £588,265l].

At the balance sheet date, the total amount owed to Healcerion EMEA Limited by the company is £149,132 [2020: £Nil].

Orca Medical Limited and Healcerion EMEA Limited are connected companies by virtue of their directors R Fowler and D Ogg.

Refract Marketing Limited - Accounts to registrar (filleted) - small 18.2

Refract Marketing Limited - Accounts to registrar (filleted) - small 18.2