Registered number
08564219
Shane Richmond Media Ltd
Filleted Accounts
30 June 2023
Shane Richmond Media Ltd
Registered number: 08564219
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,755 4,835
Current assets
Debtors 4 4,470 5,485
Cash at bank and in hand 5,562 16,085
10,032 21,570
Creditors: amounts falling due within one year 5 (14,762) (26,386)
Net current liabilities (4,730) (4,816)
Net assets 25 19
Capital and reserves
Called up share capital 1 1
Profit and loss account 24 18
Shareholder's funds 25 19
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Richmond
Director
Approved by the board on 7 November 2023
Shane Richmond Media Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 28,776
Additions 3,231
At 30 June 2023 32,007
Depreciation
At 1 July 2022 23,941
Charge for the year 3,311
At 30 June 2023 27,252
Net book value
At 30 June 2023 4,755
At 30 June 2022 4,835
4 Debtors 2023 2022
£ £
Trade debtors 4,470 5,485
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 21 250
Taxation and social security costs 5,322 8,384
Director's loan account 7,769 16,102
Accruals 1,650 1,650
14,762 26,386
6 Controlling party
The ultimate controlling party is Mr S Richmond, the sole director who holds 100% of the issued share capital.
7 Other information
Shane Richmond Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15 Priestfield Road
London
SE23 2RW
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