Registered number
07519354
GETWELL MEDIA LIMITED
Unaudited Filleted Accounts
28 February 2023
GETWELL MEDIA LIMITED
Registered number: 07519354
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 14,966 12,276
Investments held as current assets 5 53,561 45,353
Cash at bank and in hand 82,984 22,096
151,511 79,725
Creditors: amounts falling due within one year 6 (42,399) (37,730)
Net current assets 109,112 41,995
Total assets less current liabilities 109,112 41,995
Creditors: amounts falling due after more than one year 7 (4,317) (17,645)
Net assets 104,795 24,350
Capital and reserves
Called up share capital 100 100
Profit and loss account 104,695 24,250
Shareholder's funds 104,795 24,350
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.
J M Kinross
Director
Approved by the board on 9 November 2023
GETWELL MEDIA LIMITED
Notes to the Accounts
for the year ended 28 February 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 represents fees invoiced during the year.
Investments
Investments in LLP is stated at cost and share of any income is reflected in profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,372
At 28 February 2023 1,372
Depreciation
Charge for the year 1,372
At 28 February 2023 1,372
Net book value
At 28 February 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 14,966 12,276
5 Investments held as current assets 2023 2022
£ £
Unlisted investments in LLP 53,561 45,353
Unlisted investment is in LLP where company is a member
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 13,327 13,327
Taxation and social security costs 19,320 17,843
Other creditors 9,752 6,560
42,399 37,730
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,317 17,645
8 Other information
GETWELL MEDIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
159 Brondesbury Park
London
NW2 5JL
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