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REGISTERED NUMBER: 06360947 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Inventive Media Publishing Limited

Inventive Media Publishing Limited (Registered number: 06360947)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inventive Media Publishing Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S P H Mitchell





SECRETARY: Mr C S Mitchell





REGISTERED OFFICE: Unit 12, Sam Alper Court
Depot Road
Newmarket
CB8 0GS





REGISTERED NUMBER: 06360947 (England and Wales)

Inventive Media Publishing Limited (Registered number: 06360947)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 34,914 46,578
Investments 6 21,472 -
56,386 46,578

CURRENT ASSETS
Stocks 15,707 23,920
Debtors 7 126,455 83,959
Cash at bank and in hand 244,007 246,379
386,169 354,258
CREDITORS
Amounts falling due within one year 8 209,311 143,397
NET CURRENT ASSETS 176,858 210,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,244

257,439

CREDITORS
Amounts falling due after more than one
year

9

(14,588

)

(24,587

)

PROVISIONS FOR LIABILITIES (7,031 ) (11,030 )
NET ASSETS 211,625 221,822

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 211,525 221,722
211,625 221,822

Inventive Media Publishing Limited (Registered number: 06360947)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





Mr S P H Mitchell - Director


Inventive Media Publishing Limited (Registered number: 06360947)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Inventive Media Publishing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and over the remaining life of the lease

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Inventive Media Publishing Limited (Registered number: 06360947)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 94,669
Additions 1,562
Disposals (2,800 )
At 31 January 2024 93,431
DEPRECIATION
At 1 February 2023 48,091
Charge for year 12,169
Eliminated on disposal (1,743 )
At 31 January 2024 58,517
NET BOOK VALUE
At 31 January 2024 34,914
At 31 January 2023 46,578

Inventive Media Publishing Limited (Registered number: 06360947)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 21,472
At 31 January 2024 21,472
NET BOOK VALUE
At 31 January 2024 21,472

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,869 68,648
Other debtors 15,586 15,311
126,455 83,959

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,298 10,174
Payments on account 2,380 2,264
Trade creditors 107,383 66,278
Taxation and social security 84,752 58,852
Other creditors 4,498 5,829
209,311 143,397

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,588 24,587

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 35,250 44,750