Company Registration No. 04454856 (England and Wales)
CLARO MEDIA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
CLARO MEDIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CLARO MEDIA LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
40,654
20,643
Current assets
Debtors
5
12,849
19,148
Cash at bank and in hand
138,741
108,341
151,590
127,489
Creditors: amounts falling due within one year
6
(32,191)
(24,534)
Net current assets
119,399
102,955
Total assets less current liabilities
160,053
123,598
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
160,052
123,597
Total equity
160,053
123,598

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 7 February 2024
Mr A E Martin-Verdinos
Director
Company Registration No. 04454856
CLARO MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Claro Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Fairfield Way, Epsom, Surrey, KT19 0EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
2
Judgements and key sources of estimation uncertainty
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
CLARO MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
4
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2022
59,264
23,500
82,764
Additions
33,562
-
0
33,562
At 30 June 2023
92,826
23,500
116,326
Depreciation and impairment
At 1 July 2022
40,974
21,147
62,121
Depreciation charged in the year
12,963
588
13,551
At 30 June 2023
53,937
21,735
75,672
Carrying amount
At 30 June 2023
38,889
1,765
40,654
At 30 June 2022
18,290
2,353
20,643
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
12,849
19,148
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
387
Trade creditors
20,169
8,227
Corporation tax
5,135
11,589
Other taxation and social security
4,945
3,101
Other creditors
1,942
1,230
32,191
24,534
2023-06-302022-07-01false07 February 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr A E Martin-VerdinosMrs V M Martin-Verdinos044548562022-07-012023-06-30044548562023-06-30044548562022-06-3004454856core:FurnitureFittings2023-06-3004454856core:MotorVehicles2023-06-3004454856core:FurnitureFittings2022-06-3004454856core:MotorVehicles2022-06-3004454856core:CurrentFinancialInstruments2023-06-3004454856core:CurrentFinancialInstruments2022-06-3004454856core:ShareCapital2023-06-3004454856core:ShareCapital2022-06-3004454856core:RetainedEarningsAccumulatedLosses2023-06-3004454856core:RetainedEarningsAccumulatedLosses2022-06-3004454856bus:Director12022-07-012023-06-3004454856core:FurnitureFittings2022-07-012023-06-3004454856core:MotorVehicles2022-07-012023-06-30044548562021-07-012022-06-3004454856core:FurnitureFittings2022-06-3004454856core:MotorVehicles2022-06-30044548562022-06-3004454856bus:PrivateLimitedCompanyLtd2022-07-012023-06-3004454856bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004454856bus:FRS1022022-07-012023-06-3004454856bus:AuditExemptWithAccountantsReport2022-07-012023-06-3004454856bus:CompanySecretary12022-07-012023-06-3004454856bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP