Response Multimedia Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03970608 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

RESPONSE MULTIMEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

W White

REGISTERED OFFICE:

Unit 20

Battista Road

Stretton

Burton upon Trent

Staffordshire

DE13 0FW

REGISTERED NUMBER:

03970608 (England and Wales)

ACCOUNTANTS:

Jane Cooksey Limited

15/16 Boarshurst Bus. Park,

Boarshurst Lane, Greenfield

Oldham

Lancashire

OL3 7ER

FIXED ASSETS

Tangible assets

4

362,262

389,052

Investment property

5

102,500

80,625

464,762

469,677

CURRENT ASSETS

Debtors

6

654,652

73,673

Investments

7

43,490

81,255

Cash at bank and in hand

222,535

158,116

920,677

313,044

CREDITORS

Amounts falling due within one year

8

393,575

36,681

NET CURRENT ASSETS

527,102

276,363

TOTAL ASSETS LESS CURRENT LIABILITIES

991,864

746,040

CREDITORS

Amounts falling due after more than one year

9

(285,590

)

(327,666

)

PROVISIONS FOR LIABILITIES

11

(392,174

)

(397,199

)

NET ASSETS

314,100

21,175

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

313,100

20,175

SHAREHOLDERS' FUNDS

314,100

21,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 April 2023 and were signed by:

W White - Director

1.	STATUTORY INFORMATION

Response Multimedia 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Long leasehold

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 makes defined contributions to the directors' pension schemes. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Long

Plant and

and

leasehold

leasehold

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 November 2021

2,868

231,908

566,602

31,081

832,459

Additions

-

-

15,706

-

15,706

At 31 October 2022

2,868

231,908

582,308

31,081

848,165

DEPRECIATION

At 1 November 2021

-

-

418,481

24,926

443,407

Charge for year

-

-

40,957

1,539

42,496

At 31 October 2022

-

-

459,438

26,465

485,903

NET BOOK VALUE

At 31 October 2022

2,868

231,908

122,870

4,616

362,262

At 31 October 2021

2,868

231,908

148,121

6,155

389,052

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2021

80,625

Revaluations

21,875

At 31 October 2022

102,500

NET BOOK VALUE

At 31 October 2022

102,500

At 31 October 2021

80,625

Fair value at 31 October 2022 is represented by:

£

Valuation in 2022

21,875

Cost

80,625

102,500

6.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

290,328

2,423

Other debtors

361,149

68,075

651,477

70,498

2022

2021

£

£

Amounts falling due after more than one year:

Other debtors

3,175

3,175

Aggregate amounts

654,652

73,673

7.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Listed investments

43,490

81,255

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

43,238

44,600

Trade creditors

108,424

1,387

Taxation and social security

94,268

(14,201

)

Other creditors

147,645

4,895

393,575

36,681

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

285,590

327,666

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

148,940

148,166

10.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

328,828

372,266

11.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred taxation

23,934

28,959

Other provisions

368,240

368,240

392,174

397,199

Deferred

Other

tax

provisions

£

£

Balance at 1 November 2021

28,959

368,240

Accelerated capital allowances

(5,025

)

-

Balance at 31 October 2022

23,934

368,240

In accordance with the compliance obligations of the business, a risk was identified and a report undertaken to assess the potential financial impact of this risk on the business. The amount was calculated based on currently available facts and applicable legislation. The director is committed to addressing this risk and plans to recalculate the risk on an annual basis and, using his management judgement, adjust accordingly.

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022

2021

£

£

W White

Balance outstanding at start of year

60,001

108,467

Amounts advanced

38,683

60,001

Amounts repaid

(60,001

)

(108,467

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,683

60,001

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Response Multimedia Limited for the year ended 31 October 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Response Multimedia Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Response Multimedia Limited and state those matters that we have agreed to state to the director of Response Multimedia Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Response Multimedia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Response Multimedia Limited. You consider that Response Multimedia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Response Multimedia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jane Cooksey Limited

15/16 Boarshurst Bus. Park,

Boarshurst Lane, Greenfield

Oldham

Lancashire

OL3 7ER

21 April 2023