PTP Accounts Production v23.3.0.418 07142765 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071427652022-02-28071427652023-02-28071427652022-03-012023-02-28071427652021-02-28071427652021-03-012022-02-28071427652022-02-2807142765ns10:Originalns15:EnglandWales2022-03-012023-02-2807142765ns14:PoundSterlingns10:Original2022-03-012023-02-2807142765ns10:Originalns10:Director12022-03-012023-02-2807142765ns10:Original2022-03-012023-02-2807142765ns10:Original2023-02-2807142765ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807142765ns10:Originalns10:SmallEntities2022-03-012023-02-2807142765ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2807142765ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807142765ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807142765ns10:Originalns10:FullAccounts2022-03-012023-02-2807142765ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2807142765ns10:CompanySecretary1ns10:Original2022-03-012023-02-2807142765ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807142765ns10:Original2022-02-2807142765ns10:Originalns5:CurrentFinancialInstruments2023-02-2807142765ns10:Originalns5:CurrentFinancialInstruments2022-02-2807142765ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807142765ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807142765ns5:ShareCapitalns10:Original2023-02-2807142765ns5:ShareCapitalns10:Original2022-02-2807142765ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807142765ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807142765ns10:Originalns5:PlantMachinery2022-03-012023-02-2807142765ns10:Originalns5:FurnitureFittings2022-03-012023-02-2807142765ns10:Original2021-03-012022-02-2807142765ns10:Originalns5:PlantMachinery2022-02-2807142765ns10:Originalns5:FurnitureFittings2022-02-2807142765ns10:Original2022-02-2807142765ns10:Originalns5:PlantMachinery2023-02-2807142765ns10:Originalns5:FurnitureFittings2023-02-2807142765ns10:Originalns5:PlantMachinery2022-02-2807142765ns10:Originalns5:FurnitureFittings2022-02-2807142765ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2807142765ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2807142765ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-02-2807142765ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-02-2807142765ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-02-2807142765ns10:Originalns5:DeferredTaxation2022-02-2807142765ns10:Originalns5:DeferredTaxation2022-03-012023-02-2807142765ns10:Originalns5:DeferredTaxation2023-02-2807142765ns10:Originalns10:OrdinaryShareClass12023-02-2807142765ns10:Original1ns10:Director12022-02-2807142765ns10:Original1ns10:Director12021-02-2807142765ns10:Original1ns10:Director12022-03-012023-02-2807142765ns10:Original1ns10:Director12021-03-012022-02-2807142765ns10:Original1ns10:Director12023-02-2807142765ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 07142765 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FLUENCY MEDIA LIMITED

FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLUENCY MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr Ian James





SECRETARY: Mrs Sonja E James





REGISTERED OFFICE: 17 Wilmington Avenue
London
W4 3HA





REGISTERED NUMBER: 07142765 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,244 20,696

CURRENT ASSETS
Debtors 5 12,190 4,125
Cash at bank and in hand 6,982 96,096
19,172 100,221
CREDITORS
Amounts falling due within one year 6 22,457 57,415
NET CURRENT (LIABILITIES)/ASSETS (3,285 ) 42,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,959

63,502

CREDITORS
Amounts falling due after more than one
year

7

(28,333

)

(32,500

)

PROVISIONS FOR LIABILITIES 8 (3,006 ) (3,835 )
NET (LIABILITIES)/ASSETS (18,380 ) 27,167

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (18,390 ) 27,157
SHAREHOLDERS' FUNDS (18,380 ) 27,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Mr Ian James - Director


FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Fluency 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.
Office equipment - 25% on reducing balance
Furniture and fittings - 15% on reducing balance

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The Director confirms that due to the continued financial support provided by the company's shareholder director and bankers, he is satisfied that Fluency Media Limited has adequate resources to continue in business for the foreseeable future. For this reason, he continues to adopt a going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Office and
equipment fittings Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 21,447 14,234 35,681
DEPRECIATION
At 1 March 2022 7,923 7,062 14,985
Charge for year 3,377 1,075 4,452
At 28 February 2023 11,300 8,137 19,437
NET BOOK VALUE
At 28 February 2023 10,147 6,097 16,244
At 28 February 2022 13,524 7,172 20,696

FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,120 3,120
Corporation tax 8,862 -
Prepayments and accrued income 208 1,005
12,190 4,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,000 10,000
Trade creditors 434 -
Corporation tax 554 27,608
Social security and other taxes 89 215
VAT 10,095 11,404
Net wages creditor - 4,734
Directors' current accounts 4,215 687
Accruals and deferred income 2,070 2,767
22,457 57,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 5,000 10,000
Bank loans - 2-5 years 15,000 22,500
Bank loans more 5 yr by instal 8,333 -
28,333 32,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,333 -

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Accelerated capital allowances 3,006 3,835

Deferred
tax
£   
Balance at 1 March 2022 3,835
Provided during year (829 )
Balance at 28 February 2023 3,006

FLUENCY MEDIA LIMITED (REGISTERED NUMBER: 07142765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10 Ordinary shares £1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr Ian James
Balance outstanding at start of year - -
Amounts advanced - 8,039
Amounts repaid - (8,039 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -