POSITIVE MEDIA COMPANY CIC

Company limited by guarantee

Company Registration Number:
13022984 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

POSITIVE MEDIA COMPANY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

POSITIVE MEDIA COMPANY CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 10,011 17,799
Cost of sales: ( 2,951 ) ( 10,168 )
Gross profit(or loss): 7,060 7,631
Administrative expenses: ( 7,212 ) ( 4,866 )
Operating profit(or loss): (152) 2,765
Profit(or loss) before tax: (152) 2,765
Profit(or loss) for the financial year: (152) 2,765

POSITIVE MEDIA COMPANY CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,185 2,874
Total fixed assets: 2,185 2,874
Current assets
Debtors: 4 600 3,389
Cash at bank and in hand: 103 284
Total current assets: 703 3,673
Creditors: amounts falling due within one year: 5 ( 3,782 )
Net current assets (liabilities): 703 (109)
Total assets less current liabilities: 2,888 2,765
Accruals and deferred income: ( 275 )
Total net assets (liabilities): 2,613 2,765
Members' funds
Profit and loss account: 2,613 2,765
Total members' funds: 2,613 2,765

The notes form part of these financial statements

POSITIVE MEDIA COMPANY CIC

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 13 August 2024
and signed on behalf of the board by:

Name: Linden Wade
Status: Director

The notes form part of these financial statements

POSITIVE MEDIA COMPANY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Plant & machinery - 25% reducing balance method

    Other accounting policies

    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.

POSITIVE MEDIA COMPANY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

POSITIVE MEDIA COMPANY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 3,832 3,832
Additions 235 235
Disposals ( 262 ) ( 262 )
Revaluations
Transfers
At 30 November 2023 3,805 3,805
Depreciation
At 1 December 2022 958 958
Charge for year 728 728
On disposals ( 66 ) ( 66 )
Other adjustments
At 30 November 2023 1,620 1,620
Net book value
At 30 November 2023 2,185 2,185
At 30 November 2022 2,874 2,874

POSITIVE MEDIA COMPANY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 600 2,542
Other debtors 847
Total 600 3,389

POSITIVE MEDIA COMPANY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

  2022
  £
Other creditors 3,782
Total   3,782

COMMUNITY INTEREST ANNUAL REPORT

POSITIVE MEDIA COMPANY CIC

Company Number: 13022984 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Podcasting Experiences for local organisations such as youth clubs and charities. This ranges from a full educational podcasting experience with training and educational tasks but we also create podcasts for people who want to experience podcasting. We allow sections of the community that wouldn’t normally have access to a podcast studio to experience a media environment.

Consultation with stakeholders

We ask everyone using the experience to fill in a short questionnaire about their time with us. This has helped us to build up a profile of local consumers’ needs and what we can do to meet them more effectively.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 August 2024

And signed on behalf of the board by:
Name: Linden Wade
Status: Director