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Registration number: 07071563

Spiked Media Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Spiked Media Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Spiked Media Ltd

(Registration number: 07071563)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

22,795

20,508

Current assets

 

Debtors

43,106

38,489

Investments

5

2,396

2,396

Cash at bank and in hand

 

96,395

120,583

 

141,897

161,468

Prepayments and accrued income

 

4,299

4,412

Creditors: Amounts falling due within one year

(32,391)

(39,322)

Net current assets

 

113,805

126,558

Total assets less current liabilities

 

136,600

147,066

Creditors: Amounts falling due after more than one year

(25,833)

(35,833)

Accruals and deferred income

 

(7,140)

-

Net assets

 

103,627

111,233

Capital and reserves

 

Called up share capital

6

100

100

Capital redemption reserve

16,500

16,500

Retained earnings

87,027

94,633

Shareholders' funds

 

103,627

111,233

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 April 2024
 

 

Spiked Media Ltd

(Registration number: 07071563)
Abridged Balance Sheet as at 31 December 2023

.........................................
Mr Christian Young
Director

 

Spiked Media Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Maplestead Road
London
SW2 3LX
England

The principal place of business is:
332 Canterbury Court
1-3 Brixton Road
London
SW9 6DE
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Spiked Media Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Straight line

Furniture, fittings, tools and equipment

25% Straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

4

tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

1,678

32,944

56,175

90,797

Additions

-

4,121

4,831

8,952

At 31 December 2023

1,678

37,065

61,006

99,749

Depreciation

At 1 January 2023

1,561

24,579

44,149

70,289

Charge for the year

28

2,751

3,886

6,665

At 31 December 2023

1,589

27,330

48,035

76,954

Carrying amount

At 31 December 2023

89

9,735

12,971

22,795

At 31 December 2022

117

8,365

12,026

20,508

5

Current asset investments

2023
£

2022
£

Other investments

2,396

2,396

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.10 each

1,000

100

1,000

100