Registered number
06642135
DMB Media Limited
Filleted Accounts
31 July 2023
DMB Media Limited
Registered number: 06642135
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,001 15,120
Current assets
Debtors 4 139,172 469,280
Cash at bank and in hand 71,878 135,043
211,050 604,323
Creditors: amounts falling due within one year 5 (131,989) (475,282)
Net current assets 79,061 129,041
Total assets less current liabilities 92,062 144,161
Creditors: amounts falling due after more than one year 6 (17,460) (23,232)
Net assets 74,602 120,929
Capital and reserves
Called up share capital 120 120
Profit and loss account 74,482 120,809
Shareholders' funds 74,602 120,929
The director is 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 director acknowledges his 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.
D. M. Birkitt
Director
Approved by the board on 5 April 2024
DMB Media Limited
Notes to the Accounts
for the year ended 31 July 2023
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 rendering of services. 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 over its expected useful life, as follows:
Plant and machinery over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 45,429
Additions 2,215
At 31 July 2023 47,644
Depreciation
At 1 August 2022 30,309
Charge for the year 4,334
At 31 July 2023 34,643
Net book value
At 31 July 2023 13,001
At 31 July 2022 15,120
4 Debtors 2023 2022
£ £
Trade debtors 127,928 441,694
Other debtors 11,244 27,586
139,172 469,280
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 110,352 439,508
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 11,172
Taxation and social security costs 8,511 20,602
Other creditors 13,126 4,000
131,989 475,282
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,460 23,232
7 Loans from directors
Description and conditions B/fwd introduced Withdrawn C/fwd
£ £ £ £
D. M. Birkitt
Amount due to the director at the balance sheet date (27,586) 36,713 - 9,127
(27,586) 36,713 - 9,127
8 Related party transactions
Dividends amounting to €20,000, equivalent to £17,372, were payable to the director.
9 Controlling party
The company is controlled by the director and majority shareholder Mr D. M. Birkitt
10 Other information
DMB Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Accommodation Road
London
NW11 8ED
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