Company Registration No. 05196896 (England and Wales)
Small Giant Media Ltd
Unaudited accounts
for the year ended 31 August 2021
Small Giant Media Ltd
Unaudited accounts
Contents
Small Giant Media Ltd
Company Information
for the year ended 31 August 2021
Directors
Timothy Banks
Stephen Green
Company Number
05196896 (England and Wales)
Registered Office
Cobbs Mill House
Mill Lane
Hurstpierpoint
West Sussex
BN6 9HN
United Kingdom
Small Giant Media Ltd
Statement of financial position
as at 31 August 2021
Cash at bank and in hand
18,254
13,568
Creditors: amounts falling due within one year
(44,506)
(33,197)
Net current assets
19,383
20,231
Total assets less current liabilities
19,636
20,684
Creditors: amounts falling due after more than one year
(19,290)
(20,000)
Called up share capital
2
2
Profit and loss account
344
682
Shareholders' funds
346
684
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by
Timothy Banks
Director
Company Registration No. 05196896
Small Giant Media Ltd
Notes to the Accounts
for the year ended 31 August 2021
Small Giant Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 05196896. The registered office is Cobbs Mill House, Mill Lane, Hurstpierpoint, West Sussex, BN6 9HN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
330
469
799
At 31 August 2021
330
469
799
At 1 September 2020
83
263
346
Charge for the year
83
117
200
At 31 August 2021
166
380
546
At 31 August 2021
164
89
253
At 31 August 2020
247
206
453
Small Giant Media Ltd
Notes to the Accounts
for the year ended 31 August 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,800
13,400
Accrued income and prepayments
6,246
-
Other debtors
36,589
26,460
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
38,061
27,382
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan account
6,909
32,061
27,376
11,594
Directors Loan account
10,792
30,548
27,589
13,751
17,701
62,609
54,965
25,345
10
Average number of employees
During the year the average number of employees was 2 (2020: 2).