Company Registration No. 7458208 (England and Wales)
Boost Digital Media Ltd
Unaudited accounts
for the year ended 31 December 2021
Boost Digital Media Ltd
Unaudited accounts
Contents
Boost Digital Media Ltd
Company Information
for the year ended 31 December 2021
Company Number
7458208 (England and Wales)
Registered Office
Grosvenor House
11 St. Pauls Square
Birmingham
B3 1RB
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Boost Digital Media Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
1,663
1,295
Cash at bank and in hand
6
400
Creditors: amounts falling due within one year
(9,662)
(10,003)
Net current liabilities
(7,450)
(6,437)
Total assets less current liabilities
(5,787)
(5,142)
Creditors: amounts falling due after more than one year
(2,490)
(2,850)
Provisions for liabilities
Net liabilities
(8,593)
(8,238)
Called up share capital
1
1
Profit and loss account
(8,594)
(8,239)
Shareholders' funds
(8,593)
(8,238)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 27 August 2022 and were signed on its behalf by
Mr Robert Haylor
Director
Company Registration No. 7458208
Boost Digital Media Ltd
Notes to the Accounts
for the year ended 31 December 2021
Boost Digital Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 7458208. The registered office is Grosvenor House, 11 St. Pauls Square, Birmingham, B3 1RB.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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
33.33% Reducing Balance Basis
4
Intangible fixed assets
Other
Boost Digital Media Ltd
Notes to the Accounts
for the year ended 31 December 2021
5
Tangible fixed assets
Computer equipment
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
360
150
Loans from directors
6,984
7,993
8
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).