Registered number
14507398
OVLD Media Limited
Filleted Accounts
30 November 2023
OVLD Media Limited
Registered number: 14507398
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Tangible assets 3 1,918
Current assets
Cash at bank and in hand 21,967
Creditors: amounts falling due within one year 4 (11,622)
Net current assets 10,345
Total assets less current liabilities 12,263
Creditors: amounts falling due after more than one year 5 (462)
Net assets 11,801
Capital and reserves
Called up share capital 100
Profit and loss account 11,701
Shareholders' funds 11,801
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alan David Fitzgerald
Director
Approved by the board on 13 June 2024
OVLD Media Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 2,398
At 30 November 2023 2,398
Depreciation
Charge for the year 480
At 30 November 2023 480
Net book value
At 30 November 2023 1,918
4 Creditors: amounts falling due within one year 2023
£
Trade creditors 950
Taxation and social security costs 10,672
11,622
5 Creditors: amounts falling due after one year 2023
£
Other creditors 462
6 Other information
OVLD Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Westbourne Road
Marsh
Huddersfield
West Yorkshire
HD1 4LF
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