SESSION MEDIA LTD

Company Registration Number:
11451529 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 August 2023

End date: 31 December 2023

SESSION MEDIA LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

SESSION MEDIA LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company during the year under review was to provide advertising and marketing services.

Additional information

The financial statements for the period ending 31 December 2023 have been audited by Tony Castagnetti (Senior Statutory Auditor) for and on behalf of Belluzzo Audit Limited. Chartered Accountants and Statutory Auditors. The report was unqualified.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 December 2023

B H A Brown
B W D Alfrey


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 September 2024

And signed on behalf of the board by:
Name: B H A Brown
Status: Director

SESSION MEDIA LTD

Balance sheet

As at 31 December 2023

Notes 31 December 2023 31 July 2023


£

£
Fixed assets
Intangible assets: 3 1,600 1,690
Tangible assets: 4 9,458 6,556
Total fixed assets: 11,058 8,246
Current assets
Debtors: 5 147,867 87,614
Cash at bank and in hand: 124,757 555,487
Total current assets: 272,624 643,101
Creditors: amounts falling due within one year: 6 ( 158,678 ) ( 175,129 )
Net current assets (liabilities): 113,946 467,972
Total assets less current liabilities: 125,004 476,218
Total net assets (liabilities): 125,004 476,218
Capital and reserves
Called up share capital: 50 50
Profit and loss account: 124,954 476,168
Total Shareholders' funds: 125,004 476,218

The notes form part of these financial statements

SESSION MEDIA LTD

Balance sheet statements

For the year ending 31 December 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: B H A Brown
Status: Director

The notes form part of these financial statements

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 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 or other similar sales taxes

    Tangible fixed assets depreciation policy

    Plant and Equipment, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 3 years Straight line Furniture and Fittings 5 years Straight line

    Intangible fixed assets amortisation policy

    Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation 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: Domain names 10 years straight line

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    31 December 2023 31 July 2023
    Average number of employees during the period 11 12

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 2,157 2,157
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 2,157 2,157
Amortisation
At 1 August 2023 467 467
Charge for year 90 90
On disposals
Other adjustments
At 31 December 2023 557 557
Net book value
At 31 December 2023 1,600 1,600
At 31 July 2023 1,690 1,690

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 2,263 13,471 15,734
Additions 4,331 4,331
Disposals
Revaluations
Transfers
At 31 December 2023 2,263 17,802 20,065
Depreciation
At 1 August 2023 858 8,320 9,178
Charge for year 117 1,312 1,429
On disposals
Other adjustments
At 31 December 2023 975 9,632 10,607
Net book value
At 31 December 2023 1,288 8,170 9,458
At 31 July 2023 1,405 5,151 6,556

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

31 December 2023 31 July 2023
£ £
Trade debtors 147,867 87,614
Total 147,867 87,614

SESSION MEDIA LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

31 December 2023 31 July 2023
£ £
Trade creditors 158,678 175,129
Total 158,678 175,129