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Company Registration No. 05395691 (England and Wales)
Skim New Media Limited Unaudited accounts for the year ended 31 March 2024
Skim New Media Limited Unaudited accounts Contents
Page
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Skim New Media Limited Company Information for the year ended 31 March 2024
Directors
Mr David James Jarvis Mrs Tamsyn Michaela Jarvis
Secretary
Mr David James Jarvis
Company Number
05395691 (England and Wales)
Registered Office
Hillside Cottage Hessenford Torpoint Cornwall PL11 3HH UK
Accountants
AG Accountancy Ltd Coombe Mill Farm Pillaton Saltash Cornwall PL12 5AN
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Skim New Media Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,720 
Tangible assets
35,404 
36,315 
35,404 
40,035 
Current assets
Debtors
15,128 
11,128 
Cash at bank and in hand
10,450 
4,525 
25,578 
15,653 
Creditors: amounts falling due within one year
(42,510)
(41,851)
Net current liabilities
(16,932)
(26,198)
Total assets less current liabilities
18,472 
13,837 
Provisions for liabilities
Deferred tax
(1,208)
(1,248)
Net assets
17,264 
12,589 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
17,262 
12,587 
Shareholders' funds
17,264 
12,589 
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 27 August 2024 and were signed on its behalf by
Mrs Tamsyn Michaela Jarvis Director Company Registration No. 05395691
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Skim New Media Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Skim New Media Limited is a private company, limited by shares, registered in England and Wales, registration number 05395691. The registered office is Hillside Cottage, Hessenford, Torpoint, Cornwall, PL11 3HH, UK.
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.
3
Accounting policies
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing Balance Method
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
93,000 
At 31 March 2024
93,000 
Amortisation
At 1 April 2023
89,280 
Charge for the year
3,720 
At 31 March 2024
93,000 
Net book value
At 31 March 2024
- 
At 31 March 2023
3,720 
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Skim New Media Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
34,994 
68,067 
103,061 
Additions
- 
3,332 
3,332 
At 31 March 2024
34,994 
71,399 
106,393 
Depreciation
At 1 April 2023
5,249 
61,497 
66,746 
Charge for the year
700 
3,543 
4,243 
At 31 March 2024
5,949 
65,040 
70,989 
Net book value
At 31 March 2024
29,045 
6,359 
35,404 
At 31 March 2023
29,745 
6,570 
36,315 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,464 
8,571 
Accrued income and prepayments
8,644 
2,524 
Other debtors
20 
33 
15,128 
11,128 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
112 
65 
Taxes and social security
13,853 
12,088 
Other creditors
2,100 
- 
Loans from directors
25,236 
28,612 
Accruals
1,209 
1,086 
42,510 
41,851 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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