Registration number: 13825639

Slanted Media Group Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Slanted Media Group Ltd

(Registration number: 13825639)
Balance Sheet as at 31 January 2023

	Note	2023 £
Fixed assets
Tangible assets	4	7,556
Current assets
Debtors	5	1,621
Cash at bank and in hand		7,336
		8,957
Creditors: Amounts falling due within one year	6	(14,871)
Net current liabilities		(5,914)
Total assets less current liabilities		1,642
Provisions for liabilities		(1,436)
Net assets		206
Capital and reserves
Called up share capital		1
Retained earnings		205
Shareholders' funds		206

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 October 2023
 

Slanted Media Group Ltd

(Registration number: 13825639)
Balance Sheet as at 31 January 2023

......................................... Mr T Ratcliffe Director

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Period from 4 January 2022 to 31 January 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Tom Ratcliffe Media Ltd.

The address of its registered office is:
Carlton House
Merrial Street
Newcastle-Under-Lyme
Staffordshire
ST5 2AW
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of video production services in the ordinary course of the company’s activities. Turnover is shown net of sales, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Period from 4 January 2022 to 31 January 2023

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	25% straight line

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Period from 4 January 2022 to 31 January 2023

4	Tangible assets

	Equipment £	Total £
Cost or valuation
Additions	8,604	8,604
At 31 January 2023	8,604	8,604
Depreciation
Charge for the period	1,048	1,048
At 31 January 2023	1,048	1,048
Carrying amount
At 31 January 2023	7,556	7,556

5

Debtors

Current	2023 £
Trade debtors	674
Other debtors	947
	1,621

6

Creditors

Creditors: amounts falling due within one year

	2023 £
Due within one year
Accruals and deferred income	6,516
Other creditors	8,355
	14,871