Slanted Media Group Ltd 13825639 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is video production agency. Digita Accounts Production Advanced 6.30.9574.0 true true 13825639 2023-02-01 2024-01-31 13825639 2024-01-31 13825639 core:RetainedEarningsAccumulatedLosses 2024-01-31 13825639 core:ShareCapital 2024-01-31 13825639 core:CurrentFinancialInstruments 2024-01-31 13825639 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13825639 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13825639 core:FurnitureFittingsToolsEquipment 2024-01-31 13825639 bus:SmallEntities 2023-02-01 2024-01-31 13825639 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13825639 bus:FullAccounts 2023-02-01 2024-01-31 13825639 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13825639 bus:RegisteredOffice 2023-02-01 2024-01-31 13825639 bus:Director1 2023-02-01 2024-01-31 13825639 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13825639 core:ComputerSoftware 2023-02-01 2024-01-31 13825639 core:ComputerEquipment 2023-02-01 2024-01-31 13825639 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 13825639 countries:EnglandWales 2023-02-01 2024-01-31 13825639 2023-01-31 13825639 core:FurnitureFittingsToolsEquipment 2023-01-31 13825639 2022-01-04 2023-01-31 13825639 2023-01-31 13825639 core:RetainedEarningsAccumulatedLosses 2023-01-31 13825639 core:ShareCapital 2023-01-31 13825639 core:CurrentFinancialInstruments 2023-01-31 13825639 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13825639 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 13825639 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13825639

Slanted Media Group Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Slanted Media Group Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Slanted Media Group Ltd

(Registration number: 13825639)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

6,591

-

Tangible assets

4

13,838

7,556

 

20,429

7,556

Current assets

 

Debtors

5

12,360

1,621

Cash at bank and in hand

 

2,882

7,336

 

15,242

8,957

Creditors: Amounts falling due within one year

6

(29,349)

(14,871)

Net current liabilities

 

(14,107)

(5,914)

Total assets less current liabilities

 

6,322

1,642

Creditors: Amounts falling due after more than one year

6

(19,152)

-

Provisions for liabilities

(1,436)

(1,436)

Net (liabilities)/assets

 

(14,266)

206

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(14,267)

205

Shareholders' (deficit)/funds

 

(14,266)

206

 

Slanted Media Group Ltd

(Registration number: 13825639)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2024
 

.........................................
Mr T Ratcliffe
Director

 

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Commerce House
Festival Park
Stoke-On-Trent
Staffordshire
ST1 5BE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the director. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of video production services in the ordinary course of the company’s activities. Turnover is shown net of sales, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% straight line

 

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website branding

15% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Equipment
£

Total
£

Cost or valuation

At 1 February 2023

8,604

8,604

Additions

10,233

10,233

At 31 January 2024

18,837

18,837

Depreciation

At 1 February 2023

1,048

1,048

Charge for the year

3,951

3,951

At 31 January 2024

4,999

4,999

Carrying amount

At 31 January 2024

13,838

13,838

At 31 January 2023

7,556

7,556

5

Debtors

Current

2024
£

2023
£

Trade debtors

11,900

674

Other debtors

460

947

 

12,360

1,621

 

Slanted Media Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,842

-

Accruals and deferred income

21,147

6,516

Other creditors

2,360

8,355

29,349

14,871

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

19,152

-