IRIS Accounts Production v23.1.5.20 10716441 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure107164412022-04-30107164412023-04-30107164412022-05-012023-04-30107164412021-04-30107164412021-05-012022-04-30107164412022-04-3010716441ns16:EnglandWales2022-05-012023-04-3010716441ns15:PoundSterling2022-05-012023-04-3010716441ns11:Director12022-05-012023-04-3010716441ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3010716441ns11:SmallEntities2022-05-012023-04-3010716441ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3010716441ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3010716441ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3010716441ns11:FullAccounts2022-05-012023-04-3010716441ns11:RegisteredOffice2022-05-012023-04-3010716441ns6:CurrentFinancialInstruments2023-04-3010716441ns6:CurrentFinancialInstruments2022-04-3010716441ns6:Non-currentFinancialInstruments2023-04-3010716441ns6:Non-currentFinancialInstruments2022-04-3010716441ns6:ShareCapital2023-04-3010716441ns6:ShareCapital2022-04-3010716441ns6:RetainedEarningsAccumulatedLosses2023-04-3010716441ns6:RetainedEarningsAccumulatedLosses2022-04-3010716441ns6:PlantMachinery2022-05-012023-04-3010716441ns6:PlantMachinery2022-04-3010716441ns6:PlantMachinery2023-04-3010716441ns6:PlantMachinery2022-04-3010716441ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3010716441ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-30
REGISTERED NUMBER: 10716441 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

514 MEDIA LTD

514 MEDIA LTD (REGISTERED NUMBER: 10716441)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


514 MEDIA LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: B Simoneau





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA49UU





REGISTERED NUMBER: 10716441 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

514 MEDIA LTD (REGISTERED NUMBER: 10716441)

Balance Sheet
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,866 2,940

CURRENT ASSETS
Debtors 5 48,236 42,425
Cash at bank 94,644 52,892
142,880 95,317
CREDITORS
Amounts falling due within one year 6 103,580 56,797
NET CURRENT ASSETS 39,300 38,520
TOTAL ASSETS LESS CURRENT LIABILITIES 46,166 41,460

CREDITORS
Amounts falling due after more than one
year

7

32,732

38,289
NET ASSETS 13,434 3,171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,334 3,071
13,434 3,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

514 MEDIA LTD (REGISTERED NUMBER: 10716441)

Balance Sheet - continued
30 APRIL 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 17 October 2023 and were signed by:





B Simoneau - Director


514 MEDIA LTD (REGISTERED NUMBER: 10716441)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

514 Media Ltd 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.

The director has concluded that the company is and remains a going concern based on prior and expected business performance.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 etc - 20% on cost

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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

514 MEDIA LTD (REGISTERED NUMBER: 10716441)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 5,076
Additions 6,178
At 30 April 2023 11,254
DEPRECIATION
At 1 May 2022 2,136
Charge for year 2,252
At 30 April 2023 4,388
NET BOOK VALUE
At 30 April 2023 6,866
At 30 April 2022 2,940

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,634 37,548
Other debtors 1,602 4,877
48,236 42,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,695 6,711
Trade creditors 50,846 21,423
Taxation and social security 41,772 21,745
Other creditors 4,267 6,918
103,580 56,797

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,732 38,289