Registered number
14245801
Aerial View Media Limited
Report and Accounts
31 May 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Aerial View Media Limited
Registered number: 14245801
Balance Sheet
as at 31 May 2023
Notes 2023
£
Fixed assets
Investments 3 11,312
Current assets
Debtors 4 346
Cash at bank and in hand 4,855
5,201
Creditors: amounts falling due within one year 5 (16,602)
Net current liabilities (11,401)
Net liabilities (89)
Capital and reserves
Called up share capital 100
Profit and loss account (189)
Shareholders' funds (89)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Stephen Rushton
Director
Approved by the board on 19 October 2023
Aerial View Media Limited
Notes to the Accounts
for the period from 20 July 2022 to 31 May 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.
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.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Investments
Other
investments
£
Cost
Additions 12,120
Amortisation (808)
At 31 May 2023 11,312
Investment relates to The Skycam Aerial Drone Imagery franchise fees which are being written off in equal annual instalments over its estimated economic life of 15 years.
4 Debtors 2023
£
Trade debtors 259
Other debtors 87
346
5 Creditors: amounts falling due within one year 2023
£
Trade creditors 456
Corporation tax 145
Other creditors 16,001
16,602
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned/connected subsidiaries.
7 Controlling party
The company is 100% owned by Dizzy Properties Limited, a company incorporated in the UK and under the control of the director.
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