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Company Registration No. 11864512 (England and Wales)
Daine Media Limited Unaudited accounts for the year ended 31 March 2023
Daine Media Limited Unaudited accounts Contents
Page
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Daine Media Limited Company Information for the year ended 31 March 2023
Directors
G Daine T Daine
Company Number
11864512 (England and Wales)
Registered Office
19 Windle Avenue Crosby Liverpool Merseyside L23 9ST
Accountants
KLAS ACCOUNTANTS LTD Eastham Hall 109, Eastham Village Road Eastham Wirral CH62 0AF
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Daine Media Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
880 
- 
Cash at bank and in hand
140 
2,315 
1,020 
2,315 
Creditors: amounts falling due within one year
(35,716)
(71,599)
Net current liabilities
(34,696)
(69,284)
Total assets less current liabilities
(34,696)
(69,284)
Provisions for liabilities
Other provisions
(30,000)
(30,000)
Net liabilities
(64,696)
(99,284)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(64,796)
(99,384)
Shareholders' funds
(64,696)
(99,284)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
G Daine Director Company Registration No. 11864512
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Daine Media Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Daine Media Limited is a private company, limited by shares, registered in England and Wales, registration number 11864512. The registered office is 19 Windle Avenue, Crosby, Liverpool, Merseyside, L23 9ST.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Daine Media Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
6,213 
540 
10,134 
16,887 
At 31 March 2023
6,213 
540 
10,134 
16,887 
Depreciation
At 1 April 2022
6,213 
540 
10,134 
16,887 
At 31 March 2023
6,213 
540 
10,134 
16,887 
Net book value
At 31 March 2023
- 
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
880 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,680 
41,630 
VAT
683 
7,969 
Taxes and social security
- 
17,891 
Other creditors
371 
127 
Loans from directors
3,082 
3,082 
Accruals
900 
900 
35,716 
71,599 
7
Average number of employees
During the year the average number of employees was 0 (2022: 5).
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