Company Registration No. 10202404 (England and Wales)
CI Media LTD
Unaudited accounts
for the year ended 31 March 2022
CI Media LTD
Unaudited accounts
Contents
CI Media LTD
Company Information
for the year ended 31 March 2022
Directors
Lewis Neil Ogden
Suzanne Ogden
Company Number
10202404 (England and Wales)
Registered Office
23 Hermitage Drive
Holmes Chapel
Crewe
Cheshire
CW4 7NP
England
Accountants
SyK Management Consulting Limited
2A Thornton Road
London
SW14 8NS
CI Media LTD
Statement of financial position
as at 31 March 2022
Intangible assets
71,317
71,390
Cash at bank and in hand
291,704
22,741
Creditors: amounts falling due within one year
(94,927)
(76,171)
Net current assets/(liabilities)
259,359
(36,901)
Called up share capital
5
5
Profit and loss account
332,697
35,382
Shareholders' funds
332,702
35,387
For the year ending 31 March 2022 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 4 September 2022 and were signed on its behalf by
Lewis Neil Ogden
Director
Company Registration No. 10202404
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2022
CI Media LTD is a private company, limited by shares, registered in England and Wales, registration number 10202404. The registered office is 23 Hermitage Drive, Holmes Chapel, Crewe, Cheshire, CW4 7NP, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Over 90% of the revenue is generated as Affiliate Commission Income from outside the EU; primarily the USA which is outside the scope of VAT.
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
Straight line over 3 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
30,691
16,529
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
83,397
11,256
Other creditors
5,025
3,200
Loans from directors
5,442
61,415
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5
5
9
Transactions with related parties
At the balance sheet date, the Company owed £4,580 to L Ogden, a director.
At the balance sheet date, the Company owed £862 to S Ogden, a director.
10
Average number of employees
During the year the average number of employees was 2 (2021: 2).