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Registered Number: 14204938
England and Wales

 

 

 

SOCIAL MEDIA NETWORK LTD


Abridged Accounts
 


Period of accounts

Start date: 30 June 2022

End date: 30 June 2023
Report to the directors on the preparation of the unaudited statutory accounts of SOCIAL MEDIA NETWORK LTD for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOCIAL MEDIA NETWORK LTD for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SOCIAL MEDIA NETWORK LTD, as a body, in accordance with the terms of our engagement letter dated 29 March 2024 Our work has been undertaken solely to prepare for your approval the accounts of SOCIAL MEDIA NETWORK LTD and state those matters that we have agreed to state to the Board of Directors of SOCIAL MEDIA NETWORK LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOCIAL MEDIA NETWORK LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SOCIAL MEDIA NETWORK LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SOCIAL MEDIA NETWORK LTD. You consider that SOCIAL MEDIA NETWORK LTD 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 accounts of SOCIAL MEDIA NETWORK LTD. 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 accounts
30 June 2023



....................................................
SNP Plus Ltd
Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
29 March 2024
1
 
 
Notes
 
2023
£
Current assets    
Cash at bank and in hand 25,194 
Creditors: amount falling due within one year (12,643)
Net current assets 12,551 
 
Total assets less current liabilities 12,551 
Net assets 12,551 
 

Capital and reserves
   
Called up share capital 3 1 
Profit and loss account 12,550 
Shareholder's funds 12,551 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Hum Bahadur Gurung
Director
2
General Information
SOCIAL MEDIA NETWORK LTD is a private company, limited by shares, registered in England and Wales, registration number 14204938, registration address 128 CITY ROAD, LONDON UNITED KINGDOM, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of services supplied by the company as per the agreement entered into with its customers. 
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 0.
3.

Share Capital

Allotted, called up and fully paid
2023
£
1 Class A share of £1.00 each
Issue of new share
During the period, the company issued 1 ordinary share of £1.

4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
2023
£
Mr. Hum Bahadur Gurung8,739 
3