Thompson Media Ltd 14775724 false 2023-04-03 2024-04-30 2024-04-30 The principal activity of the company is online historical documentaries and spy stories Digita Accounts Production Advanced 6.30.9574.0 true 14775724 2023-04-03 2024-04-30 14775724 2024-04-30 14775724 bus:OrdinaryShareClass1 2024-04-30 14775724 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-04-30 14775724 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-04-30 14775724 core:CurrentFinancialInstruments 2024-04-30 14775724 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14775724 core:FurnitureFittingsToolsEquipment 2024-04-30 14775724 bus:SmallEntities 2023-04-03 2024-04-30 14775724 bus:AuditExemptWithAccountantsReport 2023-04-03 2024-04-30 14775724 bus:FullAccounts 2023-04-03 2024-04-30 14775724 bus:SmallCompaniesRegimeForAccounts 2023-04-03 2024-04-30 14775724 bus:RegisteredOffice 2023-04-03 2024-04-30 14775724 bus:Director1 2023-04-03 2024-04-30 14775724 bus:OrdinaryShareClass1 2023-04-03 2024-04-30 14775724 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-04-03 2024-04-30 14775724 bus:PrivateLimitedCompanyLtd 2023-04-03 2024-04-30 14775724 core:ComputerEquipment 2023-04-03 2024-04-30 14775724 core:FurnitureFittingsToolsEquipment 2023-04-03 2024-04-30 14775724 core:OfficeEquipment 2023-04-03 2024-04-30 14775724 countries:England 2023-04-03 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14775724

Thompson Media Ltd

Annual Report and Unaudited Financial Statements

for the Period from 3 April 2023 to 30 April 2024

 

Thompson Media Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Thompson Media Ltd

Company Information

Director

Mr Philip Ross Thompson

Registered office

17 Christchurch Road
Bradford-On-Avon
BA15 1TB

Accountants

BJP Finance Ltd
Chartered Accountants
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

 

Thompson Media Ltd

(Registration number: 14775724)
Balance Sheet as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,534

Other financial assets

5

2,519

 

4,053

Current assets

 

Debtors

6

4,371

Cash at bank and in hand

 

15,196

 

19,567

Creditors: Amounts falling due within one year

7

(8,482)

Net current assets

 

11,085

Total assets less current liabilities

 

15,138

Provisions for liabilities

(292)

Net assets

 

14,846

Capital and reserves

 

Called up share capital

8

1

Retained earnings

14,845

Shareholders' funds

 

14,846

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 16 August 2024
 

 

Thompson Media Ltd

(Registration number: 14775724)
Balance Sheet as at 30 April 2024

.........................................
Mr Philip Ross Thompson
Director

 

Thompson Media Ltd

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Christchurch Road
Bradford-On-Avon
BA15 1TB
England

These financial statements were authorised for issue by the director on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Thompson Media Ltd

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

50% Straight line

Office Equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Thompson Media Ltd

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Thompson Media Ltd

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,632

1,632

At 30 April 2024

1,632

1,632

Depreciation

Charge for the period

98

98

At 30 April 2024

98

98

Carrying amount

At 30 April 2024

1,534

1,534

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

Fair value adjustments

19

19

Additions

2,500

2,500

At 30 April 2024

2,519

2,519

Impairment

Carrying amount

At 30 April 2024

2,519

2,519

6

Debtors

Current

2024
£

Prepayments

156

Other debtors

4,215

 

Thompson Media Ltd

Notes to the Unaudited Financial Statements for the Period from 3 April 2023 to 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

9

119

Taxation and social security

 

6,001

Accruals and deferred income

 

1,314

Other creditors

 

1,048

 

8,482

8

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary A Shares of £0.01 each

50

1

Ordinary B Shares of £0.01 each

50

1

 

100

1

9

Loans and borrowings

2024
£

Current loans and borrowings

Other borrowings

119

10

Dividends

   

2024

 
   

£

 

Interim dividend of £120.00 per ordinary share

 

12,000