RJM Creative Limited - Period Ending 2017-03-31

Registration number: 06167749

RJM Creative Limited

Unaudited Financial Statements

for the Year Ended 31 March 2017

RJM Creative Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

RJM Creative Limited

(Registration number: 06167749)
Balance Sheet as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	698	1,048
Current assets
Debtors	5	409,166	409,313
Cash at bank and in hand		196,962	85,719
		606,128	495,032
Creditors: Amounts falling due within one year	6	(105,500)	(271,590)
Net current assets		500,628	223,442
Net assets		501,326	224,490
Capital and reserves
Called up share capital		100	100
Profit and loss account		501,226	224,390
Total equity		501,326	224,490

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 September 2017
 

.........................................

Mr R J Morley

Director

The notes on pages 2 to 5 form an integral part of these financial statements.

Page 1

RJM Creative Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
215-219 Chester Road
Manchester
M15 4JE

These financial statements were authorised for issue by the director on 27 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A for small entities.
The date of transition is 1 April 2015. The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting policies to those previously used.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 2

RJM Creative Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2016 - 2).

Page 3

RJM Creative Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2016	1,774	1,774
Additions	124	124
At 31 March 2017	1,898	1,898
Depreciation
At 1 April 2016	726	726
Charge for the year	474	474
At 31 March 2017	1,200	1,200
Carrying amount
At 31 March 2017	698	698
At 31 March 2016	1,048	1,048

5

Debtors

	2017 £	2016 £
Trade debtors	15,000	-
Other debtors	394,166	409,313
Total current trade and other debtors	409,166	409,313

6

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		32,410	76,459
Other creditors		73,090	195,131
		105,500	271,590

Page 4

RJM Creative Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

7	Related party transactions

Transactions with directors

2017	At 1 April 2016 £	Repayments by director £	At 31 March 2017 £
Mr R J Morley
Advance with no set repayment date and interest charged at 3% pa	409,312	(15,151)	394,161

2016	At 1 April 2015 £	At 31 March 2016 £
Mr R J Morley
Advance with no set repayment date and interest charged at 3% pa	409,132	409,132

8	Transition to FRS 102

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A for small entities.
The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting policies to those previously used.

Page 5