Registered number
05085965
Atypical Media Limited
Filleted Accounts
29 November 2022
Atypical Media Limited
Registered number: 05085965
Balance Sheet
as at 29 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 67,210 72,542
Current assets
Debtors 4 55,593 2,921
Cash at bank and in hand 245,668 225,434
301,261 228,355
Creditors: amounts falling due within one year 5 (192,995) (88,198)
Net current assets 108,266 140,157
Total assets less current liabilities 175,476 212,699
Creditors: amounts falling due after more than one year 6 (34,002) (40,459)
Net assets 141,474 172,240
Capital and reserves
Called up share capital 100 100
Profit and loss account 141,374 172,140
Shareholders' funds 141,474 172,240
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.
Mr Cy Chadwick
Director
Approved by the board on 29 November 2023
Atypical Media Limited
Notes to the Accounts
for the year ended 29 November 2022
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:
Computer equipment 33% straight line
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
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.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 6 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 30 November 2021 214,912 32,160 247,072
Additions 17,057 - 17,057
At 29 November 2022 231,969 32,160 264,129
Depreciation
At 30 November 2021 160,460 14,070 174,530
Charge for the year 17,866 4,523 22,389
At 29 November 2022 178,326 18,593 196,919
Net book value
At 29 November 2022 53,643 13,567 67,210
At 29 November 2021 54,452 18,090 72,542
4 Debtors 2022 2021
£ £
Trade debtors - 1,142
Other debtors 55,593 1,779
55,593 2,921
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 7,120 6,782
Taxation and social security costs 185,283 80,935
Other creditors 592 481
192,995 88,198
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 34,002 40,459
7 Other information
Atypical Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O The Accountancy Partnership Suite 5
5th Floor, City Reach,
5 Greenwich View Place
London
E14 9NN
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