RBDA Studio Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08014969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

RBDA STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Boxall

Ms J Kay

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

08014969 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

4

-

1,000

Tangible assets

5

2,032

4,185

2,032

5,185

CURRENT ASSETS

Debtors

6

4,858

5,987

Cash at bank

58,546

81,897

63,404

87,884

CREDITORS

Amounts falling due within one year

7

27,898

12,033

NET CURRENT ASSETS

35,506

75,851

TOTAL ASSETS LESS CURRENT LIABILITIES

37,538

81,036

CREDITORS

Amounts falling due after more than one year

8

(17,562

)

(22,500

)

PROVISIONS FOR LIABILITIES

9

(596

)

(636

)

NET ASSETS

19,380

57,900

CAPITAL AND RESERVES

Called up share capital

10

110

110

Retained earnings

19,270

57,790

SHAREHOLDERS' FUNDS

19,380

57,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 25 January 2023 and were signed on its behalf by:

Mr R J Boxall - Director

1.	STATUTORY INFORMATION

RBDA Studio 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services excluding value added tax plus estimates of amounts not invoiced. These amounts are recognised by reference to the stage of completion.Turnover represents net invoiced sales of services excluding value added tax.Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

10,000

AMORTISATION

At 1 May 2021

9,000

Charge for year

1,000

At 30 April 2022

10,000

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

1,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2021

1,342

6,113

14,327

21,782

Disposals

-

-

(2,888

)

(2,888

)

At 30 April 2022

1,342

6,113

11,439

18,894

DEPRECIATION

At 1 May 2021

1,342

5,049

11,206

17,597

Charge for year

-

213

1,933

2,146

Eliminated on disposal

-

-

(2,881

)

(2,881

)

At 30 April 2022

1,342

5,262

10,258

16,862

NET BOOK VALUE

At 30 April 2022

-

851

1,181

2,032

At 30 April 2021

-

1,064

3,121

4,185

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

4,143

6,932

Bad debt provision

(1,000

)

(1,000

)

Tax

1,655

-

Prepayments

60

55

4,858

5,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

5,000

2,500

Tax

-

3,095

Social security and other taxes

319

543

VAT

3,092

789

Pension creditor

-

104

Directors' current accounts

16,447

2,201

Accrued expenses

3,040

2,801

27,898

12,033

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

12,562

15,000

Bank loans more 5 yr by instal

-

2,500

17,562

22,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,500

9.	PROVISIONS FOR LIABILITIES

30.4.22

30.4.21

£

£

Deferred tax

Accelerated capital allowances

596

636

Deferred

tax

£

Balance at 1 May 2021

636

Provided during year

(40

)

Balance at 30 April 2022

596

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

100

Ordinary A

£1

100

100

10

Ordinary B

£1

10

10

110

110