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REGISTERED NUMBER: 05283442 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

DFA Media Ltd

DFA Media Ltd (Registered number: 05283442)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DFA Media Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: I Atkinson
R.J Fuller





SECRETARY: I Atkinson





REGISTERED OFFICE: Kildonan
Saint Marys Road
Sevenoaks
WROTHAM
Kent
TN15 7AP





REGISTERED NUMBER: 05283442 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

DFA Media Ltd (Registered number: 05283442)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 12,549
- 12,549

CURRENT ASSETS
Stocks 300,000 256,100
Debtors 6 773,411 826,349
Cash at bank 754,044 851,291
1,827,455 1,933,740
CREDITORS
Amounts falling due within one year 7 1,815,100 1,597,642
NET CURRENT ASSETS 12,355 336,098
TOTAL ASSETS LESS CURRENT LIABILITIES 12,355 348,647

CAPITAL AND RESERVES
Called up share capital 2,503 2,503
Retained earnings 9,852 346,144
SHAREHOLDERS' FUNDS 12,355 348,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 August 2022 and were signed on its behalf by:





I Atkinson - Director


DFA Media Ltd (Registered number: 05283442)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

DFA Media 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 etc - 50% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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.

DFA Media Ltd (Registered number: 05283442)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2020 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021 341,222
Disposals (341,222 )
At 31 December 2021 -
AMORTISATION
At 1 January 2021 341,222
Eliminated on disposal (341,222 )
At 31 December 2021 -
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 53,458
Disposals (53,458 )
At 31 December 2021 -
DEPRECIATION
At 1 January 2021 40,909
Charge for year 3,138
Eliminated on disposal (44,047 )
At 31 December 2021 -
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 12,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 290,644 395,825
Other debtors 482,767 430,524
773,411 826,349

DFA Media Ltd (Registered number: 05283442)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 18,120 43,181
Taxation and social security 46,553 34,250
Other creditors 1,750,427 1,520,211
1,815,100 1,597,642

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
I Atkinson
Balance outstanding at start of year (11,643 ) (5,770 )
Amounts advanced 55,523 81,127
Amounts repaid - (87,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,880 (11,643 )

R.J Fuller
Balance outstanding at start of year (16,985 ) (11,242 )
Amounts advanced 54,967 81,257
Amounts repaid - (87,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,982 (16,985 )

9. POST BALANCE SHEET EVENTS

During 2021 the company underwent a capital demerger.