Company Registration No. SC362694 (Scotland)
WOHNORT MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
WOHNORT MEDIA LIMITED
COMPANY INFORMATION
Director
Mr Richard Taylor
Company number
SC362694
Registered office
1R
64 Fergus Drive
North Kelvinside
Glasgow
Strathclyde
Scotland
G20 6AW
Accountants
William Duncan + Co Ltd
44 Bank Street
Kilmarnock
Ayrshire
United Kingdom
KA1 1HA
WOHNORT MEDIA LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
WOHNORT MEDIA LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WOHNORT MEDIA LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wohnort Media Limited for the year ended 31 July 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Wohnort Media Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Wohnort Media Limited and state those matters that we have agreed to state to the Board of Directors of Wohnort Media Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wohnort Media Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Wohnort Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wohnort Media Limited. You consider that Wohnort Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wohnort Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

William Duncan + Co Ltd
15 February 2024
Chartered Accountants
44 Bank Street
Kilmarnock
Ayrshire
United Kingdom
KA1 1HA
WOHNORT MEDIA LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
5,692
13,468
Cash at bank and in hand
231,371
200,146
237,063
213,614
Creditors: amounts falling due within one year
6
(16,411)
(14,255)
Net current assets
220,652
199,359
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
220,650
199,357
Total equity
220,652
199,359

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 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 15 February 2024
Mr Richard Taylor
Director
Company registration number SC362694 (Scotland)
WOHNORT MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Wohnort Media Limited is a private company limited by shares incorporated in Scotland. The registered office is 1R, 64 Fergus Drive, North Kelvinside, Glasgow, Strathclyde, Scotland, G20 6AW.

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.

 

Turnover relates to web publishing and broadcasting sound.

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:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

WOHNORT MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2023
2022
Number
Number
Total
1
1
WOHNORT MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 and 31 July 2023
3,243
Depreciation and impairment
At 1 August 2022 and 31 July 2023
3,243
Carrying amount
At 31 July 2023
-
0
At 31 July 2022
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,420
7,600
Other debtors
2,272
5,868
5,692
13,468
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
9,073
8,445
Other taxation and social security
4,385
3,351
Other creditors
2,953
2,459
16,411
14,255
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
8
Directors' transactions

Dividends totalling £17,000 (2022 - £9,000) were paid in the year in respect of shares held by the company's director.

During the year the director paid in £13,279 and was repaid £12,543, resulting in a balance due to be repaid by the company at 31 July 2023 of £795 (2022 - £59).

2023-07-312022-08-01false15 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Richard TaylorfalseSC3626942022-08-012023-07-31SC362694bus:Director12022-08-012023-07-31SC362694bus:RegisteredOffice2022-08-012023-07-31SC3626942023-07-31SC3626942022-07-31SC362694core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-31SC362694core:CurrentFinancialInstrumentscore:WithinOneYear2022-07-31SC362694core:CurrentFinancialInstruments2023-07-31SC362694core:CurrentFinancialInstruments2022-07-31SC362694core:ShareCapital2023-07-31SC362694core:ShareCapital2022-07-31SC362694core:RetainedEarningsAccumulatedLosses2023-07-31SC362694core:RetainedEarningsAccumulatedLosses2022-07-31SC362694core:ComputerEquipment2022-08-012023-07-31SC3626942021-08-012022-07-31SC362694core:OtherPropertyPlantEquipment2022-07-31SC362694core:OtherPropertyPlantEquipment2023-07-31SC362694core:OtherPropertyPlantEquipment2022-07-31SC362694core:WithinOneYear2023-07-31SC362694core:WithinOneYear2022-07-31SC362694bus:PrivateLimitedCompanyLtd2022-08-012023-07-31SC362694bus:SmallCompaniesRegimeForAccounts2022-08-012023-07-31SC362694bus:FRS1022022-08-012023-07-31SC362694bus:AuditExemptWithAccountantsReport2022-08-012023-07-31SC362694bus:FullAccounts2022-08-012023-07-31xbrli:purexbrli:sharesiso4217:GBP