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Company Registration No. 05687559 (England and Wales)
The Loft Media & Television Limited Unaudited accounts for the year ended 31 January 2022
The Loft Media & Television Limited Unaudited accounts Contents
Page
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The Loft Media & Television Limited Company Information for the year ended 31 January 2022
Directors
P J Tovee C V Tovee
Company Number
05687559 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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The Loft Media & Television Limited Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,963 
6,618 
Current assets
Debtors
2,300 
670 
Cash at bank and in hand
112,824 
58,756 
115,124 
59,426 
Creditors: amounts falling due within one year
(73,434)
(35,133)
Net current assets
41,690 
24,293 
Total assets less current liabilities
46,653 
30,911 
Provisions for liabilities
Deferred tax
(944)
(1,258)
Net assets
45,709 
29,653 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,609 
29,553 
Shareholders' funds
45,709 
29,653 
For the year ending 31 January 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 14 September 2022 and were signed on its behalf by
P J Tovee Director Company Registration No. 05687559
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The Loft Media & Television Limited Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
The Loft Media & Television Limited is a private company, limited by shares, registered in England and Wales, registration number 05687559. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line
Deferred taxation
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 accounts. 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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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The Loft Media & Television Limited Notes to the Accounts for the year ended 31 January 2022
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2021
41,035 
At 31 January 2022
41,035 
Depreciation
At 1 February 2021
34,417 
Charge for the year
1,655 
At 31 January 2022
36,072 
Net book value
At 31 January 2022
4,963 
At 31 January 2021
6,618 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
2,300 
670 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
12,444 
9,140 
Loans from directors
60,330 
25,351 
Accruals
660 
642 
73,434 
35,133 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary Shares of £1 each
50 
50 
50 B Ordinary Shares of £1 each
50 
50 
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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