RED HUT MEDIA LTD - Accounts

RED HUT MEDIA LTD - Accounts

RED HUT MEDIA LTD - Company Information

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Registered Number: 13639572


 

 

 

RED HUT MEDIA LTD


Abridged Accounts
 


Period of accounts

Start date: 23 September 2021

End date: 30 September 2022

RED HUT MEDIA LTD
Contents Page
For the period ended 30 September 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 September 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
BKS Accounts Ltd
30 September 2022



....................................................
BKS Accounts Ltd
BRAMBLES
LOWER WALL ROAD
West Hythe, Hythe
CT21 4NR
04 May 2023
1
 
 		 Notes
 		 2022
£
Fixed assets    
Intangible fixed assets 12,960 
Tangible fixed assets 2,495 
15,455 
Current assets    
Debtors 21,050 
Cash at bank and in hand 29,295 
50,345 
Creditors: amount falling due within one year (58,814)
Net current liabilities (8,469)
 
Total assets less current liabilities 6,986 
Provisions for liabilities 43 
Net assets 7,029 
 

Capital and reserves 		   
Called up share capital 1 
Profit and loss account 7,028 
Shareholder's funds 7,029 
 


For the period ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 May 2023 and were signed by:


--------------------------------
Glen Porter
Director
2
General Information
RED HUT MEDIA LTD is a private company, limited by shares, registered in , registration number 13639572, registration address BRAMBLES, LOWER WALL ROAD, WEST HYTHE, CT21 4NR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 4 years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 8.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 23 September 2021 -    - 
Additions 14,400    14,400 
Disposals -    - 
At 30 September 2022 14,400    14,400 
Amortisation
At 23 September 2021 -    - 
Charge for period 1,440    1,440 
On disposals -    - 
At 30 September 2022 1,440    1,440 
Net book values
At 30 September 2022 12,960    12,960 
At 22 September 2021 -    - 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 23 September 2021 -    - 
Additions 3,327    3,327 
Disposals -    - 
At 30 September 2022 3,327    3,327 
Depreciation
At 23 September 2021 -    - 
Charge for period 832    832 
On disposals -    - 
At 30 September 2022 832    832 
Net book values
Closing balance as at 30 September 2022 2,495    2,495 
Opening balance as at 23 September 2021 -    - 


5.

Share Capital

Allotted, called up and fully paid
2022
£
1 Class A share of £1.00 each 1 
1 

3