IRIS Accounts Production v23.3.1.45 08537152 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false 6893 42 77833 76951 84060 70016 666 6893 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085371522022-05-31085371522023-05-31085371522022-06-012023-05-31085371522021-05-31085371522021-06-012022-05-31085371522022-05-3108537152ns10:Originalns15:EnglandWales2022-06-012023-05-3108537152ns14:PoundSterlingns10:Original2022-06-012023-05-3108537152ns10:Originalns10:Director12022-06-012023-05-3108537152ns10:Original2022-06-012023-05-3108537152ns10:Original2023-05-3108537152ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108537152ns10:Originalns10:SmallEntities2022-06-012023-05-3108537152ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108537152ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108537152ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108537152ns10:Originalns10:FullAccounts2022-06-012023-05-3108537152ns10:Original12022-06-012023-05-3108537152ns10:Original42ns10:Director22022-05-3108537152ns10:Original42ns10:Director22021-05-3108537152ns10:Original42ns10:Director22022-06-012023-05-3108537152ns10:Original42ns10:Director22021-06-012022-05-3108537152ns10:Original42ns10:Director22023-05-3108537152ns10:Original42ns10:Director22022-05-3108537152ns10:Originalns10:Director22022-06-012023-05-3108537152ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108537152ns10:Original2022-05-3108537152ns10:Originalns5:CurrentFinancialInstruments2023-05-3108537152ns10:Originalns5:CurrentFinancialInstruments2022-05-3108537152ns10:Originalns5:Non-currentFinancialInstruments2023-05-3108537152ns10:Originalns5:Non-currentFinancialInstruments2022-05-3108537152ns5:ShareCapitalns10:Original2023-05-3108537152ns5:ShareCapitalns10:Original2022-05-3108537152ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108537152ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108537152ns10:Originalns5:NetGoodwill2022-06-012023-05-3108537152ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3108537152ns10:Originalns5:PlantMachinery2022-06-012023-05-3108537152ns10:Originalns5:MotorVehicles2022-06-012023-05-3108537152ns10:Originalns5:ComputerEquipment2022-06-012023-05-3108537152ns10:Original2021-06-012022-05-3108537152ns10:Originalns5:NetGoodwill2022-05-3108537152ns10:Originalns5:NetGoodwill2023-05-3108537152ns10:Originalns5:NetGoodwill2022-05-3108537152ns10:Originalns5:PlantMachinery2022-05-3108537152ns10:Originalns5:MotorVehicles2022-05-3108537152ns10:Originalns5:ComputerEquipment2022-05-3108537152ns10:Original2022-05-3108537152ns10:Originalns5:PlantMachinery2023-05-3108537152ns10:Originalns5:MotorVehicles2023-05-3108537152ns10:Originalns5:ComputerEquipment2023-05-3108537152ns10:Originalns5:PlantMachinery2022-05-3108537152ns10:Originalns5:MotorVehicles2022-05-3108537152ns10:Originalns5:ComputerEquipment2022-05-3108537152ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108537152ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3108537152ns10:Original1ns10:Director12022-05-3108537152ns10:Original1ns10:Director12021-05-3108537152ns10:Original1ns10:Director12022-06-012023-05-3108537152ns10:Original1ns10:Director12021-06-012022-05-3108537152ns10:Original1ns10:Director12023-05-3108537152ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: 08537152 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

UP THE BRACKET MEDIA LIMITED

UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UP THE BRACKET MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr DA Franklin
Mrs C Franklin





REGISTERED OFFICE: 6 Imperial Road
Kibworth Beauchamp
Leicestershire
LE8 0HR





REGISTERED NUMBER: 08537152 (England and Wales)

UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,798 8,659
33,798 8,659

CURRENT ASSETS
Stocks 4,248 2,370
Debtors 6 18,186 27,718
Cash at bank and in hand 10,970 6,475
33,404 36,563
CREDITORS
Amounts falling due within one year 7 29,289 30,888
NET CURRENT ASSETS 4,115 5,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,913

14,334

CREDITORS
Amounts falling due after more than one
year

8

(30,958

)

(12,333

)

PROVISIONS FOR LIABILITIES (6,584 ) (1,645 )
NET ASSETS 371 356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 271 256
SHAREHOLDERS' FUNDS 371 356

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.

UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

BALANCE SHEET - continued
31 MAY 2023


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 14 February 2024 and were signed on its behalf by:





Mr DA Franklin - Director


UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Up The Bracket 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.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the dispatch of goods and completion of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.

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.

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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 20,000
AMORTISATION
At 1 June 2022
and 31 May 2023 20,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 28,359 - 10,086 38,445
Additions 890 27,937 1,265 30,092
At 31 May 2023 29,249 27,937 11,351 68,537
DEPRECIATION
At 1 June 2022 23,117 - 6,669 29,786
Charge for year 1,533 2,328 1,092 4,953
At 31 May 2023 24,650 2,328 7,761 34,739
NET BOOK VALUE
At 31 May 2023 4,599 25,609 3,590 33,798
At 31 May 2022 5,242 - 3,417 8,659

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,302 20,540
Other debtors 884 7,178
18,186 27,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 3,397 -
Trade creditors 5,592 1,323
Taxation and social security 14,400 23,265
Other creditors 1,900 2,300
29,289 30,888

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,333 12,333
Hire purchase contracts 22,625 -
30,958 12,333

UP THE BRACKET MEDIA LIMITED (REGISTERED NUMBER: 08537152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr DA Franklin and Mrs C Franklin
Balance outstanding at start of year 6,893 (42 )
Amounts advanced 77,833 76,951
Amounts repaid (84,060 ) (70,016 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 666 6,893

The above loan is repayable on demand and interest is charged at HMRC's official rate.