2 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,007 5,042 11,049 2,510 2,510 3,497 xbrli:pure xbrli:shares iso4217:GBP 11684227 2022-12-01 2023-11-30 11684227 2023-11-30 11684227 2022-11-30 11684227 2021-12-01 2022-11-30 11684227 2022-11-30 11684227 bus:Director1 2022-12-01 2023-11-30 11684227 core:WithinOneYear 2023-11-30 11684227 core:WithinOneYear 2022-11-30 11684227 core:ShareCapital 2023-11-30 11684227 core:ShareCapital 2022-11-30 11684227 core:RetainedEarningsAccumulatedLosses 2023-11-30 11684227 core:RetainedEarningsAccumulatedLosses 2022-11-30 11684227 bus:SmallEntities 2022-12-01 2023-11-30 11684227 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11684227 bus:FullAccounts 2022-12-01 2023-11-30 11684227 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11684227 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11684227 core:ComputerEquipment 2022-11-30 11684227 core:ComputerEquipment 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 11684227
BLUE ICE MEDIA LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
BLUE ICE MEDIA LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
3,497
CURRENT ASSETS
Debtors
6
4,986
350
Cash at bank and in hand
16,198
83,853
--------
--------
21,184
84,203
CREDITORS: amounts falling due within one year
7
4,322
41,877
--------
--------
NET CURRENT ASSETS
16,862
42,326
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,862
45,823
PROVISIONS
664
--------
--------
NET ASSETS
16,862
45,159
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
16,762
45,059
--------
--------
SHAREHOLDERS FUNDS
16,862
45,159
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BLUE ICE MEDIA LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 4 April 2024 , and are signed on behalf of the board by:
Mr A James
Director
Company registration number: 11684227
BLUE ICE MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33 1/3% straight line and 15% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 December 2022
6,007
Additions
5,042
Disposals
( 11,049)
--------
At 30 November 2023
--------
Depreciation
At 1 December 2022
2,510
Disposals
( 2,510)
--------
At 30 November 2023
--------
Carrying amount
At 30 November 2023
--------
At 30 November 2022
3,497
--------
6. DEBTORS
2023
2022
£
£
Trade debtors
350
Other debtors
4,986
-------
----
4,986
350
-------
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,203
Other creditors
4,322
36,674
-------
--------
4,322
41,877
-------
--------