RBDA Studio Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08014969 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

RBDA STUDIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Boxall

Ms J Kay

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

REGISTERED NUMBER:

08014969 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Intangible assets

4

5,000

6,000

Tangible assets

5

5,822

9,030

10,822

15,030

CURRENT ASSETS

Stocks

8,360

-

Debtors

6

8,906

32,195

Cash at bank

68,573

60,660

85,839

92,855

CREDITORS

Amounts falling due within one year

7

61,312

83,183

NET CURRENT ASSETS

24,527

9,672

TOTAL ASSETS LESS CURRENT LIABILITIES

35,349

24,702

PROVISIONS FOR LIABILITIES

791

-

NET ASSETS

34,558

24,702

CAPITAL AND RESERVES

Called up share capital

8

110

110

Retained earnings

34,448

24,592

SHAREHOLDERS' FUNDS

34,558

24,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 January 2018 and were signed on its behalf by:

Mr R J Boxall - Director

1.	STATUTORY INFORMATION

RBDA Studio 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover represents net invoiced sales of services excluding value added tax plus estimates of amounts not

invoiced. These amounts are recognised by reference to the stage of completion.Turnover represents net invoiced

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

added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Work in progress

Work in progress is included at sales price net of value added tax.

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 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 operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

10,000

AMORTISATION

At 1 May 2016

4,000

Charge for year

1,000

At 30 April 2017

5,000

NET BOOK VALUE

At 30 April 2017

5,000

At 30 April 2016

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2016

2,705

6,113

12,438

21,256

Additions

-

-

1,902

1,902

Disposals

(1,363

)

-

(1,973

)

(3,336

)

At 30 April 2017

1,342

6,113

12,367

19,822

DEPRECIATION

At 1 May 2016

1,014

2,866

8,346

12,226

Charge for year

443

649

2,679

3,771

Eliminated on disposal

(571

)

-

(1,426

)

(1,997

)

At 30 April 2017

886

3,515

9,599

14,000

NET BOOK VALUE

At 30 April 2017

456

2,598

2,768

5,822

At 30 April 2016

1,691

3,247

4,092

9,030

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

8,748

32,063

Prepayments

158

132

8,906

32,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Tax

11,304

15,849

Social security and other taxes

734

1,218

VAT

6,045

6,608

Directors' current accounts

40,229

56,507

Accrued expenses

3,000

3,001

61,312

83,183

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary A

£1

100

100

10

Ordinary B

£1

10

10

110

110

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R J Boxall.