Re-verb Design Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04186385 (England and Wales)

RE-VERB DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C J Dolan

Mr D C Townsend-Elliott

SECRETARY:

Mr C J Dolan

REGISTERED OFFICE:

176 Northcote Road

Walthamstow

London

E17 7DJ

REGISTERED NUMBER:

04186385 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

225

-

CURRENT ASSETS

Debtors

5

45,497

35,382

Cash at bank and in hand

81,467

64,050

126,964

99,432

CREDITORS

Amounts falling due within one year

6

(71,584

)

(26,199

)

NET CURRENT ASSETS

55,380

73,233

TOTAL ASSETS LESS CURRENT LIABILITIES

55,605

73,233

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

55,603

73,231

SHAREHOLDERS' FUNDS

55,605

73,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 May 2023 and were signed on its behalf by:

Mr C J Dolan - Director

1.	STATUTORY INFORMATION

Re-verb Design 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.

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 the total value of sales made during the year. Sales are recognised on the creation of an enforceable debt.

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

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2021

25,405

Additions

265

At 31 August 2022

25,670

DEPRECIATION

At 1 September 2021

25,405

Charge for year

40

At 31 August 2022

25,445

NET BOOK VALUE

At 31 August 2022

225

At 31 August 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

43,734

33,900

Other debtors

1,763

1,482

45,497

35,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Taxation and social security

25,744

24,291

Other creditors

45,840

1,908

71,584

26,199

7.	ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.