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Company registration number: 09915194
UTC Media Limited
Unaudited filleted financial statements
30 December 2023
UTC Media Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
UTC Media Limited
Directors and other information
Director Mr A M Braid
Company number 09915194
Registered office Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Accountants Windle & Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Bankers National Westminster Bank Plc
Direct Business Banking
PO Box 5479
1 Spinningfields Square
Manchester
M61 0NH
UTC Media Limited
Statement of financial position
30 December 2023
2023 2022
Note £ £ £ £
Current assets
Cash at bank and in hand 304 963
_______ _______
304 963
Creditors: amounts falling due
within one year 5 ( 16,701) ( 16,471)
_______ _______
Net current liabilities ( 16,397) ( 15,508)
_______ _______
Total assets less current liabilities ( 16,397) ( 15,508)
_______ _______
Net liabilities ( 16,397) ( 15,508)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 16,497) ( 15,608)
_______ _______
Shareholder deficit ( 16,397) ( 15,508)
_______ _______
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 September 2024 , and are signed on behalf of the board by:
Mr A M Braid
Director
Company registration number: 09915194
UTC Media Limited
Notes to the financial statements
Year ended 30 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Croft House, Station Road, Barnoldswick, Lancashire, BB18 5NA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received for services rendered.Turnover is invoiced periodically in advance, and is shown in the income statement during the period to which it relates.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Going concern
The financial statements assume the continuing support of the company's director and shareholder. The financial statements do not include any adjustments that would result from a withdrawal of this suport.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 16,701 16,471
_______ _______
6. Related party transactions
Included in creditors: amounts falling due within one year, is a directors loan account balance of £15,871 (30 December 2022 - £15,871) owing to the Director.The loan account is interest free and repayable on demand.
7. Controlling party
The company is under the control of the Director who is interested in 100% of the company's issued share capital.