Better Media Limited 07151866 media representation services false 1 January 2023 07151866 2023-01-01 2023-12-31 07151866 2022-12-31 07151866 2023-12-31 07151866 2022-01-01 2022-12-31 07151866 2021-12-31 07151866 2022-12-31 07151866 frs102-bus:FRS102 2023-01-01 2023-12-31 07151866 frs102-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07151866 frs102-bus:FullAccounts 2023-01-01 2023-12-31 07151866 frs102-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07151866 frs102-core:CurrentFinancialInstruments 2023-12-31 07151866 frs102-core:CurrentFinancialInstruments 2022-12-31 07151866 frs102-core:Non-currentFinancialInstruments 2023-12-31 07151866 frs102-core:Non-currentFinancialInstruments 2022-12-31 07151866 frs102-core:ShareCapital 2023-12-31 07151866 frs102-core:ShareCapital 2022-12-31 07151866 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 07151866 frs102-core:RetainedEarningsAccumulatedLosses 2022-12-31 07151866 frs102-bus:Director1 2023-01-01 2023-12-31 07151866 frs102-core:ToolsEquipment 2023-01-01 2023-12-31 07151866 frs102-core:OtherResidualIntangibleAssets 2022-12-31 07151866 frs102-core:OtherResidualIntangibleAssets 2023-12-31 07151866 frs102-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 07151866 frs102-core:OtherResidualIntangibleAssets 2022-12-31 07151866 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-12-31 07151866 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-01-01 2023-12-31 07151866 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-12-31 07151866 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-12-31 07151866 frs102-core:CurrentFinancialInstruments 2023-01-01 2023-12-31 07151866 frs102-bus:OrdinaryShareClass1 2023-12-31 07151866 frs102-bus:OrdinaryShareClass1 2022-12-31 07151866 frs102-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
07151866
Better Media Limited
Unaudited Accounts
for the year ended
31 December 2023
Better Media Limited
Balance Sheet
as at 31 December 2023
Notes
2023
£
2022
£
Fixed assets
Intangible assets 3 92,501 111,175
Tangible assets 4 1,266 666
Investments 782,140 828,499
875,907 940,340
Current assets
Debtors 35,489 44,085
Cash at bank and in hand 18,751 41,543
54,240 85,628
Creditors: amounts falling due within one year 5 (1,027,380) (1,332,241)
Net current assets / (liabilities) (973,140) (1,246,613)
Total assets less current liabilities (97,233) (306,273)
Creditors: amounts falling due after more than one year 6 (12,292) (14,792)
Provisions for liabilities (0) (2,126)
Accruals and deferred income (864) (864)
Total net assets (liabilities) (110,389) (324,055)
Capital and reserves
Called up share capital 7 1 1
Profit and loss account (110,390) (324,056)
Shareholders' funds (110,389) (324,055)

Better Media Limited
Balance Sheet
as at 31 December 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2023 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr D Archer

Director


Approved by the board on 20 March 2024

Company Number: 07151866 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

18 Longlands Drive
Houghton Le Spring
Tyne And Wear
DH5 8LR

Better Media Limited
Notes to the Accounts
for the year ended 31 December 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The company is funded by a loan from the director. The director has considered the next 12 months and due to the director's continued support by way of the loan, the director has considered it appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 2 1

3. Intangible fixed assets
Other Total
Cost £ £
At 1 January 2023 235,390 235,390
At 31 December 2023 235,390 235,390
Amortisation
At 1 January 2023 124,215 124,215
Provided during the period 18,674 18,674
At 31 December 2023 142,889 142,889
Net book value
At 31 December 2023 92,501 92,501
At 31 December 2022 111,175 111,175

4. Tangible fixed assets
Equipment Total
Cost or valuation £ £
At 1 January 2023 833 833
Additions 958 958
At 31 December 2023 1,791 1,791
Depreciation
At 1 January 2023 167 167
Charge for the period 358 358
At 31 December 2023 525 525
Net book value
At 31 December 2023 1,266 1,266
At 31 December 2022 666 666

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank Loans & Overdrafts 2,500 2,500
Trade creditors 10,960 18,599
Taxation & social security 4,558 1,493
Other creditors 1,009,362 1,309,649
1,027,380 1,332,241

Other creditors mainly consist of an interest-free loan from the director.


6. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 12,292 14,792
12,292 14,792

7. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
200 (2022: 200) Ordinary shares of £0.005 each 1 1
1 1

8. Borrowings
2023 2022
Creditors repayable in more than five years: £ £
Total instalment payments due 0 2,292
Total 0 2,292