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REGISTERED NUMBER: 07291432















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BINARY MEDIA LIMITED

BINARY MEDIA LIMITED (Registered number: 07291432)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


BINARY MEDIA LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTOR: Mrs D C Purseglove





SECRETARY: Mrs D C Purseglove





REGISTERED OFFICE: 3, St Catherine's Terrace
Hove,
East Sussex
BN3 2RR





REGISTERED NUMBER: 07291432





ACCOUNTANTS: Bennett & Co
The Annexe
Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR

BINARY MEDIA LIMITED (Registered number: 07291432)

REPORT OF THE DIRECTOR
for the Year Ended 30 NOVEMBER 2023

The director presents her report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Public Relations and Marketing Consultants.

DIVIDENDS
No interim dividend was paid during the year. The director recommends a final dividend of £1000 per share.

The total distribution of dividends for the year ended 30 November 2023 will be £ 1,000 .

DIRECTOR
Mrs D C Purseglove held office during the whole of the period from 1 December 2022 to the date of this report.

ON BEHALF OF THE BOARD:





Mrs D C Purseglove - Secretary


15 August 2024

BINARY MEDIA LIMITED (Registered number: 07291432)

INCOME STATEMENT
for the Year Ended 30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   

TURNOVER 49,525 196,154

Cost of sales 1,692 26,202
GROSS PROFIT 47,833 169,952

Administrative expenses 42,556 153,612
OPERATING PROFIT 4 5,277 16,340


Interest payable and similar expenses - 4,989
PROFIT BEFORE TAXATION 5,277 11,351

Tax on profit 5 734 2,893
PROFIT FOR THE FINANCIAL YEAR 4,543 8,458

BINARY MEDIA LIMITED (Registered number: 07291432)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 35,000 40,000

CURRENT ASSETS
Debtors 8 4,234 2,785
Cash at bank and in hand 19,309 5,079
23,543 7,864
CREDITORS
Amounts falling due within one year 9 13,447 31,311
NET CURRENT ASSETS/(LIABILITIES) 10,096 (23,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,096

16,553

PROVISIONS FOR LIABILITIES 25,000 -
NET ASSETS 20,096 16,553

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 20,095 16,552
SHAREHOLDERS' FUNDS 20,096 16,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





Mrs D C Purseglove - Director


BINARY MEDIA LIMITED (Registered number: 07291432)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

BINARY MEDIA LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 each asset over its estimated useful life.
Office and Computer Equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS
30.11.23 30.11.22
£    £   
Wages and salaries 9,800 100,200

The average number of employees during the year was as follows:
30.11.23 30.11.22

Management 2 4

BINARY MEDIA LIMITED (Registered number: 07291432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.23 30.11.22
£    £   
Depreciation - owned assets 6,532 10,128

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.11.23 30.11.22
£    £   
Current tax:
UK corporation tax 900 2,350
Adjustment in respect of
previous years (166 ) 543

Tax on profit 734 2,893

UK corporation tax has been charged at 19% (2022 - 19%).

6. DIVIDENDS
30.11.23 30.11.22
£    £   
Ordinary Shares share of £1
Final 1,000 2,000

7. TANGIBLE FIXED ASSETS
Office
and
Computer
Equipment
£   
COST
At 1 December 2022 67,317
Additions 1,532
At 30 November 2023 68,849
DEPRECIATION
At 1 December 2022 27,317
Charge for year 6,532
At 30 November 2023 33,849
NET BOOK VALUE
At 30 November 2023 35,000
At 30 November 2022 40,000

BINARY MEDIA LIMITED (Registered number: 07291432)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Value Added Tax 1,734 185
Prepayments 2,500 2,600
4,234 2,785

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Corporation Tax 900 2,350
Directors Current account 8,147 22,061
Accrued Expenses 4,400 6,900
13,447 31,311

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary Shares £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 December 2022 16,552
Profit for the year 4,543
Dividends (1,000 )
At 30 November 2023 20,095