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REGISTERED NUMBER: 06480022 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

4ground Media Limited

4ground Media Limited (Registered number: 06480022)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


4ground Media Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Danks





SECRETARY: L S Danks





REGISTERED OFFICE: Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH





REGISTERED NUMBER: 06480022 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

4ground Media Limited (Registered number: 06480022)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,260 6,452

CURRENT ASSETS
Debtors 5 5,381 5,592
Cash at bank and in hand 728 1,111
6,109 6,703
CREDITORS
Amounts falling due within one year 6 (12,357 ) (5,941 )
NET CURRENT (LIABILITIES)/ASSETS (6,248 ) 762
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,012

7,214

CREDITORS
Amounts falling due after more than one year 7 (2,845 ) (7,151 )
NET ASSETS 167 63

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 166 62
SHAREHOLDERS' FUNDS 167 63

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

4ground Media Limited (Registered number: 06480022)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





M Danks - Director


4ground Media Limited (Registered number: 06480022)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

4ground 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.

2. Accounting policies

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is not recognized in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4ground Media Limited (Registered number: 06480022)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 41,837 3,775 45,612
Additions 5,895 - 5,895
At 31 March 2023 47,732 3,775 51,507
DEPRECIATION
At 1 April 2022 36,978 2,182 39,160
Charge for year 2,688 399 3,087
At 31 March 2023 39,666 2,581 42,247
NET BOOK VALUE
At 31 March 2023 8,066 1,194 9,260
At 31 March 2022 4,859 1,593 6,452

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,381 5,592

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 5,239 4,670
Directors' current accounts 5,858 75
Accrued expenses 1,260 1,196
12,357 5,941

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bounce back loan 2,845 7,151

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

4ground Media Limited (Registered number: 06480022)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. Ultimate controlling party

The company is under the control of Michael Danks who is the director of the company and also owns 100% of the issued share capital.