Silverfin false 31/10/2021 31/10/2021 01/11/2020 Matthew Charles Blay 31/08/2012 09 September 2022 The principal activity of the Company during the financial year was website development and associated support. 08197829 2021-10-31 08197829 bus:Director1 2021-10-31 08197829 2020-10-31 08197829 core:CurrentFinancialInstruments 2021-10-31 08197829 core:CurrentFinancialInstruments 2020-10-31 08197829 core:ShareCapital 2021-10-31 08197829 core:ShareCapital 2020-10-31 08197829 core:RetainedEarningsAccumulatedLosses 2021-10-31 08197829 core:RetainedEarningsAccumulatedLosses 2020-10-31 08197829 core:LeaseholdImprovements 2020-10-31 08197829 core:ComputerEquipment 2020-10-31 08197829 core:LeaseholdImprovements 2021-10-31 08197829 core:ComputerEquipment 2021-10-31 08197829 core:ImmediateParent core:CurrentFinancialInstruments 2021-10-31 08197829 core:ImmediateParent core:CurrentFinancialInstruments 2020-10-31 08197829 core:CurrentFinancialInstruments 10 2021-10-31 08197829 core:CurrentFinancialInstruments 10 2020-10-31 08197829 bus:OrdinaryShareClass1 2021-10-31 08197829 core:WithinOneYear 2021-10-31 08197829 core:WithinOneYear 2020-10-31 08197829 core:BetweenOneFiveYears 2021-10-31 08197829 core:BetweenOneFiveYears 2020-10-31 08197829 2020-11-01 2021-10-31 08197829 bus:FullAccounts 2020-11-01 2021-10-31 08197829 bus:SmallEntities 2020-11-01 2021-10-31 08197829 bus:AuditExemptWithAccountantsReport 2020-11-01 2021-10-31 08197829 bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 08197829 bus:Director1 2020-11-01 2021-10-31 08197829 core:LeaseholdImprovements core:TopRangeValue 2020-11-01 2021-10-31 08197829 core:ComputerEquipment 2020-11-01 2021-10-31 08197829 2019-11-01 2020-10-31 08197829 core:LeaseholdImprovements 2020-11-01 2021-10-31 08197829 bus:OrdinaryShareClass1 2020-11-01 2021-10-31 08197829 bus:OrdinaryShareClass1 2019-11-01 2020-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08197829 (England and Wales)

SUPERB MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2021
Pages for filing with the registrar

SUPERB MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2021

Contents

SUPERB MEDIA LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2021
SUPERB MEDIA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2021
DIRECTOR Matthew Charles Blay
SECRETARY Michelmores Secretaries Limited
REGISTERED OFFICE 100 Liverpool Street
London
EC2M 2AT
United Kingdom
COMPANY NUMBER 08197829 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
Stratus House
Emperor Way
Exeter Business Park
Exeter
EX1 3QS
SUPERB MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2021
SUPERB MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 18,104 17,982
18,104 17,982
Current assets
Debtors 4 200,788 222,746
Cash at bank and in hand 489,958 449,108
690,746 671,854
Creditors
Amounts falling due within one year 5 ( 104,785) ( 119,777)
Net current assets 585,961 552,077
Total assets less current liabilities 604,065 570,059
Provisions for liabilities ( 2,543) ( 2,543)
Net assets 601,522 567,516
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account 601,512 567,506
Total shareholder's funds 601,522 567,516

For the financial year ending 31 October 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Superb Media Limited (registered number: 08197829) were approved and authorised for issue by the Director on 09 September 2022. They were signed on its behalf by:

Matthew Charles Blay
Director
SUPERB MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2021
SUPERB MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Superb Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales, registered number 08197829. The address of the Company's registered office is 100 Liverpool Street, London, EC2M 2AT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 20 years straight line
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 3

3. Tangible assets

Leasehold improve-
ments
Computer equipment Total
£ £ £
Cost
At 01 November 2020 4,760 21,869 26,629
Additions 0 4,012 4,012
At 31 October 2021 4,760 25,881 30,641
Accumulated depreciation
At 01 November 2020 160 8,487 8,647
Charge for the financial year 238 3,652 3,890
At 31 October 2021 398 12,139 12,537
Net book value
At 31 October 2021 4,362 13,742 18,104
At 31 October 2020 4,600 13,382 17,982

4. Debtors

2021 2020
£ £
Trade debtors 139,448 151,815
Amounts owed by Parent undertakings 10 0
Amounts owed by director 28,229 6,811
Prepayments 559 4,916
Other taxation and social security 26,552 13,760
Other debtors 5,990 45,444
200,788 222,746

5. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 4,239 37,058
Other creditors 3,238 1,558
Accruals 14,167 14,914
Other taxation and social security 83,141 66,247
104,785 119,777

6. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2021 2020
£ £
- within one year 14,456 14,456
- between one and five years 6,023 20,478
20,479 34,934

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2021 2020
£ £
Unpaid contributions due to the fund (inc. in other creditors) 955 0

8. Related party transactions

Transactions with the entity's director

2021 2020
£ £
Dividends 90,000 92,380

Advances

During the year the directors maintained a director's current account with the company. Advances of £206,401 (2020: £11,460) and credits of £184,982 (2020: £24) were made in the year. At the year end the directors owed the company £28,229 (2020: £6,811). Interest is charged at the approved rates and there are no set repayments.