The Red Green And Blue Company Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02161282 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

THE RED GREEN AND BLUE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M Whitby

C F Collis

SECRETARY:

Dr M Whitby

REGISTERED OFFICE:

20 Paradise Square

Sheffield

S1 2DE

REGISTERED NUMBER:

02161282 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

20 Paradise Square

Sheffield

S1 2DE

FIXED ASSETS

Tangible assets

4

196,033

88,937

Investments

5

30

30

196,063

88,967

CURRENT ASSETS

Stocks

8,573

119,204

Debtors

6

20,591

16,643

Cash at bank

15,712

10,458

44,876

146,305

CREDITORS

Amounts falling due within one year

7

80,480

63,816

NET CURRENT (LIABILITIES)/ASSETS

(35,604

)

82,489

TOTAL ASSETS LESS CURRENT LIABILITIES

160,459

171,456

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

60,459

71,456

SHAREHOLDERS' FUNDS

160,459

171,456

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 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 July 2023 and were signed on its behalf by:

Dr M Whitby - Director

1.	STATUTORY INFORMATION

The Red Green And Blue Company 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 (£).

Monetary amounts in these financial statements are rounded to the nearest £.

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 amounts receivable for goods and services net of VAT and trade discounts.

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 etc

-

15% on cost and 15% on reducing balance

Stock and work in progress

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at recoverable cost including a proportion of appropriate production overheads less anticipated losses.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Media

Plant &

Editing

Licences

Production

Machinery

Equipment

£

£

£

£

COST

At 1 November 2021

14,675

-

71,723

49,788

Additions

3,750

128,461

-

-

Disposals

-

-

(4,032

)

(266

)

At 31 October 2022

18,425

128,461

67,691

49,522

DEPRECIATION

At 1 November 2021

12,302

-

23,677

35,601

Charge for year

635

12,847

7,178

3,042

Eliminated on disposal

-

-

(1,820

)

(138

)

At 31 October 2022

12,937

12,847

29,035

38,505

NET BOOK VALUE

At 31 October 2022

5,488

115,614

38,656

11,017

At 31 October 2021

2,373

-

48,046

14,187

Filming &

Office

Fixtures

Astronomical

Equipment

& Fittings

Equipment

Totals

£

£

£

£

COST

At 1 November 2021

10,212

10,801

38,621

195,820

Additions

1,659

-

4,447

138,317

Disposals

(2,244

)

-

-

(6,542

)

At 31 October 2022

9,627

10,801

43,068

327,595

DEPRECIATION

At 1 November 2021

5,657

7,834

21,812

106,883

Charge for year

786

436

2,730

27,654

Eliminated on disposal

(1,017

)

-

-

(2,975

)

At 31 October 2022

5,426

8,270

24,542

131,562

NET BOOK VALUE

At 31 October 2022

4,201

2,531

18,526

196,033

At 31 October 2021

4,555

2,967

16,809

88,937

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2021

and 31 October 2022

30

NET BOOK VALUE

At 31 October 2022

30

At 31 October 2021

30

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

7,974

6,301

Other debtors

12,617

10,342

20,591

16,643

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

1,189

3,837

Taxation and social security

351

443

Other creditors

78,940

59,536

80,480

63,816

8.	RELATED PARTY DISCLOSURES

Movements on the directors' current accounts with the company are as follows:

Dr M Whitby

2022

2021

£

£

Amount due to director at 1 November

55,440

32,126

Loan to company

16,323

23,314

Repaid loan

(4,158

)

-

Amount due to director at 31 October

67,605

55,440

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr M Whitby.