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REGISTERED NUMBER: 13707509 (England and Wales)














Unaudited Financial Statements

for the Period 1 November 2022 to 31 January 2023

for

Principal Multimedia Ltd

Principal Multimedia Ltd (Registered number: 13707509)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Principal Multimedia Ltd

Company Information
for the Period 1 November 2022 to 31 January 2023







DIRECTOR: Mr P Smith





REGISTERED OFFICE: 6 Roman Way
Peckham
London
SE15 2JZ





REGISTERED NUMBER: 13707509 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Principal Multimedia Ltd (Registered number: 13707509)

Balance Sheet
31 January 2023

31.1.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,329

CURRENT ASSETS
Cash at bank - 304

CREDITORS
Amounts falling due within one year 5 16,926 11,663
NET CURRENT LIABILITIES (16,926 ) (11,359 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,926 ) (9,030 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,927 ) (9,031 )
(16,926 ) (9,030 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

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 3 November 2023 and were signed by:





Mr P Smith - Director


Principal Multimedia Ltd (Registered number: 13707509)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 January 2023

1. STATUTORY INFORMATION

Principal Multimedia 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.

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 etc - 25% on reducing balance

Taxation
Taxation for the period 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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Principal Multimedia Ltd (Registered number: 13707509)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 3,106
Disposals (3,106 )
At 31 January 2023 -
DEPRECIATION
At 1 November 2022 777
Eliminated on disposal (777 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 October 2022 2,329

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.10.22
£    £   
Other creditors 16,926 11,663

6. RELATED PARTY DISCLOSURES

The Director, Mr P Smith, is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Principal Multimedia Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Principal Multimedia Ltd for the period ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Principal Multimedia Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Principal Multimedia Ltd and state those matters that we have agreed to state to the director of Principal Multimedia Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Principal Multimedia Ltd and its director for our work or for this report.

It is your duty to ensure that Principal Multimedia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Principal Multimedia Ltd. You consider that Principal Multimedia Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Principal Multimedia Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................