Silverfin false false 31/08/2023 01/06/2022 31/08/2023 Mr D M Bradley 04/05/2016 12 October 2023 The principal activity of the Company during the financial year was that of magazine, internet publications and activities of conference organisers. The company ceased to trade at 31 August 2023. 10161135 2023-08-31 10161135 bus:Director1 2023-08-31 10161135 2022-05-31 10161135 core:CurrentFinancialInstruments 2023-08-31 10161135 core:CurrentFinancialInstruments 2022-05-31 10161135 core:ShareCapital 2023-08-31 10161135 core:ShareCapital 2022-05-31 10161135 core:RetainedEarningsAccumulatedLosses 2023-08-31 10161135 core:RetainedEarningsAccumulatedLosses 2022-05-31 10161135 core:OfficeEquipment 2022-05-31 10161135 core:OfficeEquipment 2023-08-31 10161135 bus:OrdinaryShareClass1 2023-08-31 10161135 2022-06-01 2023-08-31 10161135 bus:FilletedAccounts 2022-06-01 2023-08-31 10161135 bus:SmallEntities 2022-06-01 2023-08-31 10161135 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-08-31 10161135 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-08-31 10161135 bus:Director1 2022-06-01 2023-08-31 10161135 core:OfficeEquipment core:TopRangeValue 2022-06-01 2023-08-31 10161135 2021-06-01 2022-05-31 10161135 core:OfficeEquipment 2022-06-01 2023-08-31 10161135 bus:OrdinaryShareClass1 2022-06-01 2023-08-31 10161135 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10161135 (England and Wales)

ELECTRIC BOX MEDIA LTD

Unaudited Financial Statements
For the financial period from 01 June 2022 to 31 August 2023
Pages for filing with the registrar

ELECTRIC BOX MEDIA LTD

Unaudited Financial Statements

For the financial period from 01 June 2022 to 31 August 2023

Contents

ELECTRIC BOX MEDIA LTD

STATEMENT OF FINANCIAL POSITION

As at 31 August 2023
ELECTRIC BOX MEDIA LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2023
Note 31.08.2023 31.05.2022
£ £
Fixed assets
Tangible assets 3 0 1,106
0 1,106
Current assets
Debtors 4 4,419 1,007
Cash at bank and in hand 7,881 29,888
12,300 30,895
Creditors: amounts falling due within one year 5 ( 12,260) ( 10,635)
Net current assets 40 20,260
Total assets less current liabilities 40 21,366
Provision for liabilities 0 ( 277)
Net assets 40 21,089
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 38 21,087
Total shareholders' funds 40 21,089

For the financial period ending 31 August 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 financial statements of Electric Box Media Ltd (registered number: 10161135) were approved and authorised for issue by the Director on 12 October 2023. They were signed on its behalf by:

Mr D M Bradley
Director
ELECTRIC BOX MEDIA LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 31 August 2023
ELECTRIC BOX MEDIA LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 31 August 2023
1. Accounting policies

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

General information and basis of accounting

Electric Box Media Ltd (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. The address of the Company's registered office is The Old Masonry Beech Road, Box Hill, Corsham, SN13 8RL, 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 £.

Going concern

During the period, the director made the decision to wind up the Company in the near future. As such, the financial statements are prepared on a basis other than that of a going concern basis.

No adjustments to the carrying value of any assets or liabilities were required as a result of this.

Reporting period length

The company changed its accounting period to include final trade activities up to cessation. The financial statements illustrate a 15 month period ending 31 August 2023 and therefore are not entirely comparable.

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 sale of goods is recognised when the goods are physically delivered to the customer. 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 Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position 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.

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 deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

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.

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.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.

2. Employees

Period from
01.06.2022 to
31.08.2023
Year ended
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 June 2022 3,392 3,392
Disposals ( 3,392) ( 3,392)
At 31 August 2023 0 0
Accumulated depreciation
At 01 June 2022 2,286 2,286
Charge for the financial period 691 691
Disposals ( 2,977) ( 2,977)
At 31 August 2023 0 0
Net book value
At 31 August 2023 0 0
At 31 May 2022 1,106 1,106

4. Debtors

31.08.2023 31.05.2022
£ £
Corporation tax 4,419 1,007

5. Creditors: amounts falling due within one year

31.08.2023 31.05.2022
£ £
Amounts owed to director 10,100 8,475
Accruals 2,160 2,160
12,260 10,635

6. Called-up share capital

31.08.2023 31.05.2022
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.01 each 2 2

7. Related party transactions

Transactions with the entity's director

31.08.2023 31.05.2022
£ £
Amount owed to the director 10,100 8,475

The loan is interest free and there is no fixed date for repayment.