Company registration number 13750443 (England and Wales)
SHACK MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SHACK MEDIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SHACK MEDIA LIMITED (REGISTERED NUMBER: 13750443)
BALANCE SHEET
AS AT 4 APRIL 2024
04 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,582
8,860
Current assets
Debtors
4
301
140
Cash at bank and in hand
2,754
3,938
3,055
4,078
Creditors: amounts falling due within one year
5
(9,121)
(2,620)
Net current (liabilities)/assets
(6,066)
1,458
Total assets less current liabilities
(484)
10,318
Provisions for liabilities
(1,061)
(1,283)
Net (liabilities)/assets
(1,545)
9,035
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(2,545)
8,035
Total equity
(1,545)
9,035
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 4 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 August 2024 and are signed on its behalf by:
Mr J Shackell
Mrs O Shackell
Director
Director
SHACK MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 4 APRIL 2024
- 2 -
1
Accounting policies
Company information
Shack Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, England, WC2R 0LT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on straight line
Computers
25% on straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
SHACK MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 4 APRIL 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 5 April 2023
2,013
8,315
10,328
Additions
1,089
1,089
Disposals
(2,173)
(2,173)
At 4 April 2024
2,013
7,231
9,244
Depreciation and impairment
At 5 April 2023
128
1,340
1,468
Depreciation charged in the year
503
1,736
2,239
Eliminated in respect of disposals
(45)
(45)
At 4 April 2024
631
3,031
3,662
Carrying amount
At 4 April 2024
1,382
4,200
5,582
At 4 April 2023
1,885
6,975
8,860
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
301
140
SHACK MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 4 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
150
463
Other creditors
8,971
2,157
9,121
2,620