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REGISTERED NUMBER: 06951101 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

SQUEEZED MEDIA LTD

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SQUEEZED MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: R Irving
Ms K Fairclough





REGISTERED OFFICE: 5-6 Mallow Street
First Floor
London
EC1Y 8RQ





REGISTERED NUMBER: 06951101 (England and Wales)






SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,979 50,203

CURRENT ASSETS
Stocks 5 86,693 84,095
Debtors 6 38,580 112,028
Cash at bank and in hand 316,357 381,182
441,630 577,305
CREDITORS
Amounts falling due within one year 7 (98,466 ) (130,645 )
NET CURRENT ASSETS 343,164 446,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,143

496,863

PROVISIONS FOR LIABILITIES (9,245 ) (9,538 )
NET ASSETS 370,898 487,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 370,798 487,225
SHAREHOLDERS' FUNDS 370,898 487,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

BALANCE SHEET - continued
31ST JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2024 and were signed on its behalf by:




R Irving - Director



Ms K Fairclough - Director


SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Squeezed Media Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st August 2022 82,421 9,820 92,241
Additions 7,683 - 7,683
Disposals (6,323 ) (9,820 ) (16,143 )
At 31st July 2023 83,781 - 83,781
DEPRECIATION
At 1st August 2022 36,809 5,229 42,038
Charge for year 12,326 - 12,326
Eliminated on disposal (2,333 ) (5,229 ) (7,562 )
At 31st July 2023 46,802 - 46,802
NET BOOK VALUE
At 31st July 2023 36,979 - 36,979
At 31st July 2022 45,612 4,591 50,203

5. STOCKS
2023 2022
£    £   
Work-in-progress 86,693 84,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,396 104,815
Other debtors and prepayments 10,184 7,213
38,580 112,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,195 4,989
Tax 14,566 55,284
Social security and other taxes 8,638 11,948
VAT 35,114 28,190
Other creditors and accruals 25,642 29,391
Directors' current accounts 2,311 843
98,466 130,645