Reelvision Print Limited,Ltd - AccountsLtd - Accounts

Reelvision Print Limited,Ltd - AccountsLtd - Accounts

REELVISION PRINT LIMITED - Company Information

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2023-01-01 05865636 2023-12-31 05865636 2023-01-01 2023-12-31 05865636 2022-12-31 05865636 2022-01-01 2022-12-31 05865636 uk-core:WithinOneYear 2022-12-31 05865636 uk-core:WithinOneYear 2023-12-31 05865636 uk-core:ShareCapital 2023-12-31 05865636 uk-core:ShareCapital 2022-12-31 05865636 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05865636 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05865636 uk-core:OtherMiscellaneousReserve 2023-12-31 05865636 uk-bus:Director1 2023-01-01 2023-12-31 05865636 uk-core:Buildings 2023-01-01 2023-12-31 05865636 uk-core:PlantMachinery 2023-01-01 2023-12-31 05865636 uk-core:FurnitureFittings 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 05865636 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05865636 uk-bus:FRS102 2023-01-01 2023-12-31 05865636 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05865636 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Reelvision Print Limited
Registered Number:05865636
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Reelvision Print Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05865636
As at 31 December 2023
Reelvision Print Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
449,696
630,946
2
449,696
630,946
Current assets
Inventories
434,330
275,189
3
Trade and other receivables
3,759,052
3,737,166
4
5,249,833
Cash and cash equivalents
6,121,908
10,134,263
9,443,215
Trade and other payables: amounts falling due within one
year
(1,411,763)
(945,631)
5
8,031,452
9,188,632
Net current assets
Total assets less current liabilities
9,638,328
8,662,398
9,638,328
Net assets
8,662,398
Capital and reserves
Called up share capital
99
99
Retained earnings
9,638,228
8,662,298
Other reserves
1
1
9,638,328
8,662,398
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Gareth Bakewell Director
These financial statements were approved and authorised for issue by the Board on 22 January 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2023
Reelvision Print Limited
Notes to the Financial Statements
Statutory Information
Reelvision Print Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05865636.
Registered address:
Carrs Industrial Estate
Commerce Street
Haslingden
Lancashire
BB45JT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Land and buildings
2 Straight line
Plant and machinery
10%-33% Straight line
25%-50% Straight line
Fixtures and fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 31 December 2023
Reelvision Print Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 January 2023
3,096,038
71,634
Additions
Disposals
(474,999)
At 31 December 2023
2,692,673
Provision for depreciation and impairment
At 01 January 2023
2,465,092
Charge for year
252,884
(474,999)
On disposal
At 31 December 2023
2,242,977
At 31 December 2023
Net book value
449,696
At 31 December 2022
630,946
3. Inventories
2022
2023
£
£
Stocks
275,189
434,330
4. Trade and other receivables
2022
2023
£
£
Trade debtors
837,357
861,014
Other debtors
2,899,809
2,898,038
3,759,052
3,737,166
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
335,787
756,435
Taxation and social security
563,558
448,233
Other creditors
46,286
207,095
945,631
1,411,763
3 of 4
6
For the year ended 31 December 2023
Reelvision Print Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 44 (2022 : 39)
4 of 4