REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
Transmedia Storyteller Ltd |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 May 2023 |
for |
Transmedia Storyteller Ltd |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Contents of the Financial Statements |
for the year ended 31 May 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
Transmedia Storyteller Ltd |
Company Information |
for the year ended 31 May 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Estate House |
Evesham Street |
Redditch |
Worcestershire |
B97 4HP |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Report of the Directors |
for the year ended 31 May 2023 |
The directors present their report with the financial statements of the company for the year ended 31 May 2023. |
REVIEW OF BUSINESS |
Transmedia Storyteller Ltd has again achieved strong turnover growth in FY23, in both licence and consulting revenue. This additional revenue has been reinvested, with an increase in people and marketing at growth rates above those achieved in turnover to support the strategy of continued improvement in the technology and future growth. The company achieved ISO 27001 certification in October 2023. |
The company has continued to be self-funding, with a repayment of loan capital to the shareholders in the year. |
DIRECTOR |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Abridged Balance Sheet |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Shareholder loans |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Abridged Balance Sheet - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Notes to the Financial Statements |
for the year ended 31 May 2023 |
1. | STATUTORY INFORMATION |
Transmedia Storyteller Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived. |
Tangible fixed assets |
Computer equipment | - |
Tangible fixed assets are stated at cost less depreciation. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Development costs |
Expenditure incurred on development projects are capitalised as long-term assets to the extent that such expenditure is expected to generate future economic benefits. |
Capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses, if any. Development expenditure initially recognised as an expense is not recognised as assets in the subsequent period. The development expenditure is amortised on a straight-line method over a period of not exceeding 5 years when the products are ready for sale or use. In the event that the expected future economic benefits are no longer probable of being recovered, the development expenditure is written down to its recoverable amount. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Notes to the Financial Statements - continued |
for the year ended 31 May 2023 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
Additions |
At 31 May 2023 |
AMORTISATION |
At 1 June 2022 |
Amortisation for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 June 2022 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 31 May 2022 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 970 | 970 |
"A" Ordinary | £1 | 30 | 30 |
1,000 | 1,000 |
The shares shall have the following voting rights (whether at a general meeting or by way of a written resolution): |
The Ordinary shares shall have one vote per share, each having rights to dividends. |
The "A" Ordinary shares have no rights but will rank pari pasu with the issued Ordinary shares on the sale of the business. |
Transmedia Storyteller Ltd (Registered number: 07460263) |
Notes to the Financial Statements - continued |
for the year ended 31 May 2023 |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling parties are Mr R C Pratten & Mrs H Pratten by virtue of their 73% ownership of the issued share capital. |