Real World Designs Limited - Accounts to registrar (filleted) - small 23.2.5

REAL WORLD DESIGNS LIMITED - Company Information

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REGISTERED NUMBER: 04719741 (England and Wales)

REAL WORLD DESIGNS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

R Weatherley

REGISTERED OFFICE:

Newton House

Kings Park Road

Moulton Park Industrial Estate

Northampton

Northamptonshire

NN3 6LG

REGISTERED NUMBER:

04719741 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

CURRENT ASSETS

Stocks

2,000

Cash at bank

156

402

2,156

2,402

CREDITORS

Amounts falling due within one year

2,665

665

NET CURRENT (LIABILITIES)/ASSETS

(509

)

1,737

TOTAL ASSETS LESS CURRENT LIABILITIES

(509

)

1,737

CREDITORS

Amounts falling due after more than one year

398,818

NET LIABILITIES

(399,327

)

(397,081

)

CAPITAL AND RESERVES

Called up share capital

600,000

Retained earnings

(999,327

)

(997,081

)

SHAREHOLDERS' FUNDS

(399,327

)

(397,081

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2024 and were signed by:

R Weatherley - Director

1.	STATUTORY INFORMATION

Real World Designs 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.

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

25% on reducing balance

Tooling

25% on reducing balance

Computer equipment

25% on reducing balance

Stocks

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

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

Tooling

equipment

Totals

COST

At 1 October 2022

and 30 September 2023

55,753

193,060

8,283

257,096

DEPRECIATION

At 1 October 2022

and 30 September 2023

55,753

193,060

8,283

257,096

NET BOOK VALUE

At 30 September 2023

At 30 September 2022

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

Taxation and social security

Other creditors

2,600

600

2,665

665

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

Other creditors

398,818

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Director's Loan Account

398,818

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

300,000

Ordinary A

£1

300,000

Ordinary B

£1

300,000

600,000