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Registered number: 02969450
Boomerang Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Jupp Castle Limited
ACCA
5 Taplins Court
Taplins Farm Lane
Hartley Wintney
RG27 8XU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02969450
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 752,647 645,213
Investments 5 50 50
752,697 645,263
CURRENT ASSETS
Debtors 6 3,789,282 3,070,506
Cash at bank and in hand 229,410 376,748
4,018,692 3,447,254
Creditors: Amounts Falling Due Within One Year 7 (2,969,408 ) (2,193,604 )
NET CURRENT ASSETS (LIABILITIES) 1,049,284 1,253,650
TOTAL ASSETS LESS CURRENT LIABILITIES 1,801,981 1,898,913
Creditors: Amounts Falling Due After More Than One Year 8 (484,768 ) (710,922 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (157,760 ) (87,689 )
NET ASSETS 1,159,453 1,100,302
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 1,158,453 1,099,302
SHAREHOLDERS' FUNDS 1,159,453 1,100,302
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For the year ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Garfield Smith
Director
25 July 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Boomerang Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02969450 . The registered office is The Manor House, Manor Park, Aldershot, GU12 4JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises income in respect of media compaigns run through the year, net of value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Income is recognised evenly over the length of the campaign.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery over 15 years straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20- 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabiltiiels like trade and other debtor and creditors, loans from banks and other third parties and loans to related parties.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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 the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 20)
23 20
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 112,666 69,614 - 1,412,874 1,595,154
Additions 7,430 - 74,525 264,250 346,205
As at 31 December 2023 120,096 69,614 74,525 1,677,124 1,941,359
Depreciation
As at 1 January 2023 29,344 1,934 - 918,663 949,941
Provided during the period 13,413 4,641 4,281 216,436 238,771
As at 31 December 2023 42,757 6,575 4,281 1,135,099 1,188,712
Net Book Value
As at 31 December 2023 77,339 63,039 70,244 542,025 752,647
As at 1 January 2023 83,322 67,680 - 494,211 645,213
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Fixtures & Fittings 20,703 67,904
20,703 67,904
5. Investments
Other
£
Cost
As at 1 January 2023 50
As at 31 December 2023 50
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 50
As at 1 January 2023 50
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,921,430 1,371,501
Amounts owed by group undertakings 633,583 517,183
Other debtors 1,234,269 1,181,822
3,789,282 3,070,506
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 25,165 40,217
Trade creditors 179,443 299,751
Bank loans and overdrafts 200,000 200,000
Other creditors 2,143,205 1,487,532
Taxation and social security 421,595 166,104
2,969,408 2,193,604
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 18,101 44,255
Bank loans 466,667 666,667
484,768 710,922
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,165 40,217
Later than one year and not later than five years 18,101 44,255
43,266 84,472
43,266 84,472
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 84,226 57,827
Later than one year and not later than five years 142,531 93,185
226,757 151,012
12. Pension Commitments
The company operates a defined contribution pension scheme for 31 December 2023. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £7,294 (2022 £8,024) were due to the fund. They are included in Other Creditors.
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Garfield Smith 611,112 235,000 (236,068 ) - 610,044
Mr Martin Smith 304,195 126,000 (126,000 ) - 304,195
The above loan is unsecured, interest free and repayable on demand.
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14. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Boomerang Media Group Limited . Boomerang Media Group Limited was incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, The Manor House GU12 4JU . The controlling party is Mr G R Smith who controls (65.2)% of the shares of Boomerang Media Limited .
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