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REGISTERED NUMBER: 05699470 (England and Wales)














EMBRACE MEDIA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






EMBRACE MEDIA LTD (REGISTERED NUMBER: 05699470)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EMBRACE MEDIA LTD

COMPANY INFORMATION
for the Year Ended 31 December 2021







DIRECTOR: G H K Forster





SECRETARY: Ms A G Coleman





REGISTERED OFFICE: 2 Victoria Road
Harpenden
Hertfordshire
AL5 4EA





REGISTERED NUMBER: 05699470 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
2 Victoria Road
Harpenden
Hertfordshire
AL5 4EA

EMBRACE MEDIA LTD (REGISTERED NUMBER: 05699470)

STATEMENT OF FINANCIAL POSITION
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,697 4,806

CURRENT ASSETS
Debtors 6 20,585 160,327
Cash at bank and in hand 253,823 217,684
274,408 378,011
CREDITORS
Amounts falling due within one year 7 118,874 262,730
NET CURRENT ASSETS 155,534 115,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,231

120,087

PROVISIONS FOR LIABILITIES 1,082 -
NET ASSETS 160,149 120,087

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 160,049 119,987
SHAREHOLDERS' FUNDS 160,149 120,087

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 director acknowledges his 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.

EMBRACE MEDIA LTD (REGISTERED NUMBER: 05699470)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





G H K Forster - Director


EMBRACE MEDIA LTD (REGISTERED NUMBER: 05699470)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Embrace Media Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

EMBRACE MEDIA LTD (REGISTERED NUMBER: 05699470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2021 1,562 5,943 6,782 14,287
Additions 310 - 2,791 3,101
Disposals - - (4,336 ) (4,336 )
At 31 December 2021 1,872 5,943 5,237 13,052
DEPRECIATION
At 1 January 2021 1,213 1,486 6,782 9,481
Charge for year 165 1,114 931 2,210
Eliminated on disposal - - (4,336 ) (4,336 )
At 31 December 2021 1,378 2,600 3,377 7,355
NET BOOK VALUE
At 31 December 2021 494 3,343 1,860 5,697
At 31 December 2020 349 4,457 - 4,806

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 17,800 160,084
Other debtors 2,785 243
20,585 160,327

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 18,693 92,419
Taxation and social security - 42,537
Other creditors 100,181 127,774
118,874 262,730

8. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, loans in aggregate of £1 were repaid by the company. At the year end the company owed the director £17.

9. COVID-19

During the current accounting period the world was dramatically affected by the Covid-19 pandemic. The director has reviewed the company's position at the balance sheet date and up to the date of signing these accounts and has concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts.