Registered number
10119685
Indulge Media UK Limited
Unaudited Filleted Accounts
31 December 2021
Indulge Media UK Limited
Registered number: 10119685
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 2,129 2,528
Current assets
Debtors 4 29,120 22,389
Cash at bank and in hand 42,492 16,953
71,612 39,342
Creditors: amounts falling due within one year 5 (27,283) (13,863)
Net current assets 44,329 25,479
Net assets 46,458 28,007
Capital and reserves
Called up share capital 10 10
Profit and loss account 46,448 27,997
Shareholders' funds 46,458 28,007
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. P M Wood
Director
Approved by the board on 7 September 2022
Indulge Media UK Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2021 4,884
Additions 719
At 31 December 2021 5,603
Depreciation
At 1 January 2021 2,356
Charge for the year 1,118
At 31 December 2021 3,474
Net book value
At 31 December 2021 2,129
At 31 December 2020 2,528
4 Debtors 2021 2020
£ £
Trade debtors 25,610 22,379
Other debtors 3,510 10
29,120 22,389
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 14,612 5,768
Amounts owed to group undertakings and undertakings in which the company has a participating interest 17 901
Corporation tax 4,371 1,461
Other taxes and social security costs 7,683 5,734
Other creditors 600 (1)
27,283 13,863
6 Related party transactions
At 31 December 2021, Indulge Media UK Ltd owed £17 (2020: £901) to Indulge Guernsey Ltd, a group company.
7 Controlling party
Indulge Media UK Ltd is owned 66.7% by Indulge Group Ltd, a Guernsey registered company.
8 Other information
Indulge Media UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Our Workplace, The Old Tannery
Hensington Road
Woodstock
Oxfordshire
OX20 1JL
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