Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05637991 Ms Deborah Watson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05637991 2022-12-31 05637991 2023-12-31 05637991 2023-01-01 2023-12-31 05637991 frs-core:CurrentFinancialInstruments 2023-12-31 05637991 frs-core:Non-currentFinancialInstruments 2023-12-31 05637991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05637991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05637991 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 05637991 frs-core:PlantMachinery 2023-12-31 05637991 frs-core:PlantMachinery 2023-01-01 2023-12-31 05637991 frs-core:PlantMachinery 2022-12-31 05637991 frs-core:ShareCapital 2023-12-31 05637991 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05637991 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05637991 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05637991 frs-bus:SmallEntities 2023-01-01 2023-12-31 05637991 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05637991 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05637991 frs-bus:Director1 2023-01-01 2023-12-31 05637991 frs-core:CurrentFinancialInstruments 1 2023-12-31 05637991 frs-countries:EnglandWales 2023-01-01 2023-12-31 05637991 2021-12-31 05637991 2022-12-31 05637991 2022-01-01 2022-12-31 05637991 frs-core:CurrentFinancialInstruments 2022-12-31 05637991 frs-core:Non-currentFinancialInstruments 2022-12-31 05637991 frs-core:ShareCapital 2022-12-31 05637991 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05637991 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05637991
Lexia Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
March Consulting (East Anglia) Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05637991
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127,927 127,032
127,927 127,032
CURRENT ASSETS
Debtors 5 37,042 25,114
Cash at bank and in hand 76,960 89,873
114,002 114,987
Creditors: Amounts Falling Due Within One Year 6 (88,807 ) (69,415 )
NET CURRENT ASSETS (LIABILITIES) 25,195 45,572
TOTAL ASSETS LESS CURRENT LIABILITIES 153,122 172,604
Creditors: Amounts Falling Due After More Than One Year 7 - (21,531 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (141 )
NET ASSETS 153,122 150,932
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 153,121 150,931
SHAREHOLDERS' FUNDS 153,122 150,932
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Deborah Watson
Director
28/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Lexia Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05637991 . The registered office is Friday Lane Cottage, Church Lane, Hitcham, Suffolk, IP7 7NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No drepreciation
Plant & Machinery 33% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 126,659 3,320 129,979
Additions - 1,519 1,519
As at 31 December 2023 126,659 4,839 131,498
Depreciation
As at 1 January 2023 - 2,947 2,947
Provided during the period - 624 624
As at 31 December 2023 - 3,571 3,571
Net Book Value
As at 31 December 2023 126,659 1,268 127,927
As at 1 January 2023 126,659 373 127,032
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 18,581 7,133
Other debtors 17,326 17,981
Other debtors (1) 1,135 -
37,042 25,114
There is a total of £20,260 owed to Lexia Media Limited by Wednesday's Child Limited a company of which Ms D Watson is also a Director.
A significant amount of this,£8,206,was repaid on 19th March 2024.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 47 50
Bank loans and overdrafts - 4,367
Corporation tax 9,156 8,255
Other taxes and social security 1,838 276
VAT 6,173 4,596
Net wages - 2,872
Other creditors 43 43
Accruals and deferred income 1,500 1,500
Director's loan account 70,050 47,456
88,807 69,415
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 21,531
- 21,531
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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