RSM MEDIA EXPO LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07419188 (England and Wales)

RSM MEDIA EXPO LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

7

DIRECTORS:

R Manek

Mrs S Manek

REGISTERED OFFICE:

Enterprise House

2 The Crest

Hendon

London

NW4 2HW

REGISTERED NUMBER:

07419188 (England and Wales)

ACCOUNTANT:

DICKER ECONOMOU & CO

Chartered Certified Accountants

Enterprise House

2 The Crest

Hendon

London

NW4 2HN

FIXED ASSETS

Tangible assets

4

13,057

40,997

CURRENT ASSETS

Debtors

5

271,086

265,874

Cash at bank and in hand

867,697

751,653

1,138,783

1,017,527

CREDITORS

Amounts falling due within one year

6

27,414

57,630

NET CURRENT ASSETS

1,111,369

959,897

TOTAL ASSETS LESS CURRENT LIABILITIES

1,124,426

1,000,894

CREDITORS

Amounts falling due after more than one year

7

-

30,132

NET ASSETS

1,124,426

970,762

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,124,326

970,662

SHAREHOLDERS' FUNDS

1,124,426

970,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 18 January 2022 and were signed on its behalf by:

R Manek - Director

1.	STATUTORY INFORMATION

RSM MEDIA EXPO LTD 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 May 2020

38,559

68,659

107,218

Additions

3,057

-

3,057

Disposals

-

(68,659

)

(68,659

)

At 30 April 2021

41,616

-

41,616

DEPRECIATION

At 1 May 2020

24,207

42,014

66,221

Charge for year

4,352

5,550

9,902

Eliminated on disposal

-

(47,564

)

(47,564

)

At 30 April 2021

28,559

-

28,559

NET BOOK VALUE

At 30 April 2021

13,057

-

13,057

At 30 April 2020

14,352

26,645

40,997

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2020

68,659

Disposals

(68,659

)

At 30 April 2021

-

DEPRECIATION

At 1 May 2020

42,014

Charge for year

5,550

Eliminated on disposal

(47,564

)

At 30 April 2021

-

NET BOOK VALUE

At 30 April 2021

-

At 30 April 2020

26,645

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Directors' current accounts

212,549

206,131

Tax

58,537

58,537

Prepayments and accrued income

-

1,206

271,086

265,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Hire purchase contracts

-

1,686

Trade creditors

1,130

1,130

Corporation tax

17,711

45,245

Social security and other taxes

7,427

8,441

Accrued expenses

1,146

1,128

27,414

57,630

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Hire purchase contracts

-

30,132

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

80

Ordinary

£1

80

80

20

Ordinary A

£1

20

20

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with instructions given to us we have prepared the accounts for the period ended 30 April 2021 as set out on pages three to nine from the accounting records of RSM Media Expo Ltd and from information and explanations supplied to us by the directors and management of the company.

We have not carried out an audit in accordance with Auditing Standards and accordingly we do not express an audit opinion on the accounts.

DICKER ECONOMOU & CO

Chartered Certified Accountants

Enterprise House

2 The Crest

Hendon

London

NW4 2HN

18 January 2022