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REGISTERED NUMBER: 04991440 (England and Wales)













Financial Statements

for the Year Ended 31 May 2023

for

Digital Flair Media Limited

Digital Flair Media Limited (Registered number: 04991440)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Digital Flair Media Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs S E Bass
P Bass





SECRETARY:





REGISTERED OFFICE: 9 Barn Lane
Milton Malsor
Northampton
NN7 3AH





REGISTERED NUMBER: 04991440 (England and Wales)





ACCOUNTANTS: Integra (Angus Nordon) Ltd
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF

Digital Flair Media Limited (Registered number: 04991440)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,352 3,174

CURRENT ASSETS
Debtors 5 9,869 3,608
Cash at bank 5,888 5,473
15,757 9,081
CREDITORS
Amounts falling due within one year 6 9,930 5,419
NET CURRENT ASSETS 5,827 3,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,179

6,836

PROVISIONS FOR LIABILITIES 7 447 603
NET ASSETS 7,732 6,233

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 7,632 6,133
SHAREHOLDERS' FUNDS 7,732 6,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 15 February 2024 and were signed on its behalf by:




P Bass - Director


Digital Flair Media Limited (Registered number: 04991440)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Digital Flair Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment- 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Digital Flair Media Limited (Registered number: 04991440)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 6,548
DEPRECIATION
At 1 June 2022 3,374
Charge for year 822
At 31 May 2023 4,196
NET BOOK VALUE
At 31 May 2023 2,352
At 31 May 2022 3,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,869 3,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,849 (1 )
Tax 4,857 2,147
Social security and other taxes 150 100
VAT 2,214 2,072
Director's current account 440 621
Accrued expenses 420 480
9,930 5,419

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 447 603

Deferred
tax
£   
Balance at 1 June 2022 603
Movement arising during year (156 )
Balance at 31 May 2023 447

Digital Flair Media Limited (Registered number: 04991440)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2022 6,133
Profit for the year 15,999
Dividends (14,500 )
At 31 May 2023 7,632

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
P Bass
Balance outstanding at start of year (621 ) (247 )
Amounts advanced 3,010 386
Amounts repaid (2,829 ) (760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (440 ) (621 )

11. RELATED PARTY DISCLOSURES

During the year, salaries of £11,560 (2022 £11,860) were paid to the directors, together with a dividend of £14,500 (2022 £17,000).

Digital Flair Media Limited

Report of the Accountants to the Directors of
Digital Flair Media Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integra (Angus Nordon) Ltd
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF


15 February 2024