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REGISTERED NUMBER: 10381244 (England and Wales)
























Financial Statements

for the Year Ended 30 September 2023

for

Doolittle Media Limited

Doolittle Media Limited (Registered number: 10381244)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Doolittle Media Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A D Harman





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





BUSINESS ADDRESS: Doolittle Granary
Doolittle Lane
Totternhoe
Luton
Bedordshire
LU6 1QX





REGISTERED NUMBER: 10381244 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

Doolittle Media Limited (Registered number: 10381244)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,830 9,786
7,830 9,786

CURRENT ASSETS
Stocks 8,560 9,120
Debtors 6 124,675 108,848
Cash at bank 6,110 7,258
139,345 125,226
CREDITORS
Amounts falling due within one year 7 172,248 158,208
NET CURRENT LIABILITIES (32,903 ) (32,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,073

)

(23,196

)

PROVISIONS FOR LIABILITIES 1,958 1,859
NET LIABILITIES (27,031 ) (25,055 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,032 ) (25,056 )
(27,031 ) (25,055 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Doolittle Media Limited (Registered number: 10381244)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





A D Harman - Director


Doolittle Media Limited (Registered number: 10381244)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Doolittle 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Doolittle Media Limited (Registered number: 10381244)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 55,500
Disposals (55,500 )
At 30 September 2023 -
AMORTISATION
At 1 October 2022 55,500
Eliminated on disposal (55,500 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 5,749 5,000 500 24,028 35,277
DEPRECIATION
At 1 October 2022 4,096 3,690 369 17,336 25,491
Charge for year 330 262 26 1,338 1,956
At 30 September 2023 4,426 3,952 395 18,674 27,447
NET BOOK VALUE
At 30 September 2023 1,323 1,048 105 5,354 7,830
At 30 September 2022 1,653 1,310 131 6,692 9,786

Doolittle Media Limited (Registered number: 10381244)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,983 38,928
Other debtors 7,328 7,652
Directors' current accounts 34,763 30,569
Tax - 5,763
Prepayments 37,601 25,936
124,675 108,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,324 29,470
Trade creditors 129,668 112,630
Tax 296 -
Social security and other taxes 7,665 2,966
Other creditors 4,709 10,092
Accrued expenses 2,586 3,050
172,248 158,208

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
A D Harman
Balance outstanding at start of year 30,569 33,863
Amounts advanced 4,194 -
Amounts repaid - (3,294 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,763 30,569

No interest is charged by the company on the overdrawn director's loan account.