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REGISTERED NUMBER: 06827052 (England and Wales)















Report of the Director and

Unaudited Financial Statements

for the Period 1 March 2023 to 31 December 2023

for

Eastwood Media Limited

Eastwood Media Limited (Registered number: 06827052)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 December 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


Eastwood Media Limited

Company Information
for the Period 1 March 2023 to 31 December 2023







DIRECTOR: C Davies





REGISTERED OFFICE: The Post Office
Allt Yr Efail
Llandegla
DENBIGHSHIRE
LL11 3AW





REGISTERED NUMBER: 06827052 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

Eastwood Media Limited (Registered number: 06827052)

Report of the Director
for the Period 1 March 2023 to 31 December 2023

The director presents his report with the financial statements of the company for the period 1 March 2023 to 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of filming, photography and IT solutions including website development.

DIRECTOR
C Davies held office during the whole of the period from 1 March 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Davies - Director


10 September 2024

Eastwood Media Limited (Registered number: 06827052)

Balance Sheet
31 December 2023

31.12.23 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,029 135,043

CURRENT ASSETS
Stocks 2,112 950
Debtors 5 32,033 20,615
Cash at bank 8,382 17,619
42,527 39,184
CREDITORS
Amounts falling due within one year 6 35,147 31,951
NET CURRENT ASSETS 7,380 7,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,409

142,276

CREDITORS
Amounts falling due after more than one year 7 (28,523 ) (21,129 )

PROVISIONS FOR LIABILITIES (33,636 ) (25,658 )
NET ASSETS 122,250 95,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,150 95,389
122,250 95,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Eastwood Media Limited (Registered number: 06827052)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





C Davies - Director


Eastwood Media Limited (Registered number: 06827052)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 December 2023

1. STATUTORY INFORMATION

Eastwood Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Eastwood Media Limited (Registered number: 06827052)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
Based upon the assessment, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore continues to believe the going concern basis appropriate in reporting the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 199,927 46,957 246,884
Additions 59,074 40,000 99,074
Disposals (48,571 ) (24,000 ) (72,571 )
At 31 December 2023 210,430 62,957 273,387
DEPRECIATION
At 1 March 2023 89,640 22,201 111,841
Charge for period 18,672 5,919 24,591
Eliminated on disposal (21,317 ) (18,757 ) (40,074 )
At 31 December 2023 86,995 9,363 96,358
NET BOOK VALUE
At 31 December 2023 123,435 53,594 177,029
At 28 February 2023 110,287 24,756 135,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 28.2.23
£    £   
Trade debtors 8,787 16,232
Other debtors 23,246 4,383
32,033 20,615

Eastwood Media Limited (Registered number: 06827052)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 28.2.23
£    £   
Bank loans and overdrafts 8,904 4,816
Hire purchase contracts 11,927 3,594
Trade creditors 473 29
Taxation and social security 11,715 22,110
Other creditors 2,128 1,402
35,147 31,951

The Company took out a Bounce Back Loan of 21,000 on 7th May 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £525, is payable by the government. Included within creditors due within 1 year is an amount of £4,200. Repayments of £350.00 commenced in June 2021.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 28.2.23
£    £   
Bank loans 5,950 9,450
Hire purchase contracts 22,573 11,679
28,523 21,129

The Company took out a Bounce Back Loan of £21,000 on 7th May 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £525, is payable by the government. Included within creditors due after more than 1 year is an amount of £5,950. Repayments of £350.00 commenced in June 2021.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the director loan account was overdrawn by £7,464. (February 2023: the company owed the director £58).