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REGISTERED NUMBER: 10460916 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

New World Digital Media Limited

New World Digital Media Limited (Registered number: 10460916)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New World Digital Media Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: P D Mason





REGISTERED OFFICE: 50 Mersey Street
Warrington
WA12AY





REGISTERED NUMBER: 10460916 (England and Wales)





ACCOUNTANTS: Holland & Co. Chartered Accountants
102/104 Widnes Road
Widnes
Cheshire
WA8 6AX

New World Digital Media Limited (Registered number: 10460916)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 101,520 118,440
Tangible assets 5 26,676 18,047
128,196 136,487

CURRENT ASSETS
Cash at bank 631,780 460,775

CREDITORS
Amounts falling due within one year 6 169,173 100,791
NET CURRENT ASSETS 462,607 359,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,803

496,471

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 590,704 496,372
590,803 496,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 January 2024 and were signed by:





P D Mason - Director


New World Digital Media Limited (Registered number: 10460916)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

New World Digital Media Limited is a private company , 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

New World Digital Media Limited (Registered number: 10460916)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 169,200
AMORTISATION
At 1 December 2022 50,760
Charge for year 16,920
At 30 November 2023 67,680
NET BOOK VALUE
At 30 November 2023 101,520
At 30 November 2022 118,440

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 104,128
Additions 19,524
At 30 November 2023 123,652
DEPRECIATION
At 1 December 2022 86,081
Charge for year 10,895
At 30 November 2023 96,976
NET BOOK VALUE
At 30 November 2023 26,676
At 30 November 2022 18,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 149,291 74,049
Other creditors 19,882 26,742
169,173 100,791

New World Digital Media Limited (Registered number: 10460916)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £38,376 (2022 - £40,706) were paid to the directors .

In other creditors, the company is owing to Mr P Mason £19,881.38 in the form of a director's loan at year ended 30/11/2023. (£26,742.50 at year ended 30/11/2022)

No interest was charged on the loan.