Company Registration No. 10202404 (England and Wales)
CI Media LTD
Unaudited accounts
for the year ended 31 March 2024
CI Media LTD
Unaudited accounts
Contents
CI Media LTD
Company Information
for the year ended 31 March 2024
Directors
Lewis Neil Ogden
Suzanne Ogden
Company Number
10202404 (England and Wales)
Registered Office
23 Hermitage Drive
Holmes Chapel
Crewe
Cheshire
CW4 7NP
England
Accountants
SyK Management Consulting Limited
2A Thornton Road
London
SW14 8NS
CI Media LTD
Statement of financial position
as at 31 March 2024
Intangible assets
10,422
15,820
Tangible assets
1,611
2,827
Cash at bank and in hand
13,063
27,578
Creditors: amounts falling due within one year
(49,026)
(12,987)
Net current assets
8,328
109,388
Called up share capital
10
10
Profit and loss account
20,351
128,025
Shareholders' funds
20,361
128,035
For the year ending 31 March 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Lewis Neil Ogden
Director
Company Registration No. 10202404
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2024
CI Media LTD is a private company, limited by shares, registered in England and Wales, registration number 10202404. The registered office is 23 Hermitage Drive, Holmes Chapel, Crewe, Cheshire, CW4 7NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Over 90% of the revenue is generated as Affiliate Commission Income from outside the EU; primarily the USA which is outside the scope of VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line over 3 years
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
43,904
88,602
CI Media LTD
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
23
Loans from directors
48,263
10,214
8
Transactions with related parties
At the balance sheet date, the Company owed £25,617 to L Ogden, a director.
At the balance sheet date, the Company owed £22,646 to S Ogden, a director.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).