1 January 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP128126022023-01-012023-12-31128126022023-12-3112812602bus:Director12023-01-012023-12-3112812602bus:Director22023-01-012023-12-3112812602bus:Director22023-12-3112812602bus:Director32023-01-012023-12-3112812602bus:Director32023-12-3112812602bus:Director42023-01-012023-12-3112812602bus:CompanySecretaryDirector12023-01-012023-12-3112812602bus:RegisteredOffice2023-01-012023-12-31128126022022-01-012022-12-31128126022022-12-3112812602core:WithinOneYear2023-12-3112812602core:WithinOneYear2022-12-3112812602core:ShareCapital2023-12-3112812602core:ShareCapital2022-12-3112812602core:RetainedEarningsAccumulatedLosses2023-12-3112812602core:RetainedEarningsAccumulatedLosses2022-12-3112812602core:OfficeEquipment2023-01-012023-12-3112812602core:PlantMachinery2023-01-0112812602core:PlantMachinery2023-01-012023-12-3112812602core:PlantMachinery2023-12-3112812602core:PlantMachinery2022-12-311281260212023-01-012023-12-3112812602countries:EnglandWales2023-01-012023-12-3112812602bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112812602bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112812602bus:SmallEntities2023-01-012023-12-3112812602bus:FullAccounts2023-01-012023-12-31
Company registration number:
12812602
Animmedia Limited
Unaudited Financial Statements for the year ended
31 December 2023
Animmedia Limited
Officers and Professional Advisers
Year ended
31 December 2023
Directors
J Chavoush
Mr M Conway
(resigned
1 July 2023
)
Mr A Foglia
(resigned
28 February 2023
)
Mr S Ryan
Company secretary
J Chavoush
Registered office
Ground Floor
13 Charles Ii Street
London
SW1Y 4QU
United Kingdom
Animmedia Limited
Directors' Report
Year ended
31 December 2023
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 December 2023.

Directors

The directors who served the company during the year were as follows:
J Chavoush
Mr M Conway
(resigned
1 July 2023
)
Mr A Foglia
(resigned
28 February 2023
)
Mr S Ryan

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
6 September 2024
and signed on behalf of the board by:
Mr S Ryan
Director
Animmedia Limited
Income Statement
Year ended
31 December 2023
20232022
££
Turnover
(2,329
)
229,618
 
Cost of sales
(26,461
) (5,908 )
Gross (loss)/profit
(28,790
)
223,710
 
Distribution costs
(167
) -  
Administrative expenses
(391,282
)
(116,202
)
Operating (loss)/profit
(420,239
)
107,508
 
(Loss)/profit before tax
(420,239
)
107,508
 
Tax on (loss)/profit -  
(20,426
)
(Loss)/profit for the financial year
(420,239
)
87,082
 
The company has no other recognised items of income or expense other than the results for the year as set out above.
Animmedia Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
10,522
 
7,069
 
Current assets    
Debtors 6
32,257
 
185,333
 
Cash at bank and in hand
3,497
 
4,531
 
35,754
 
189,864
 
Creditors: amounts falling due within one year 7
(342,527
)
(72,945
)
Net current (liabilities)/assets
(306,773
)
116,919
 
Total assets less current liabilities (296,251 ) 123,988  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(296,351
)
123,888
 
Shareholders (deficit)/funds
(296,251
)
123,988
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
6 September 2024
, and are signed on behalf of the board by:
Mr S Ryan
Director
Company registration number:
12812602
Animmedia Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Ground Floor
,
13 Charles Ii Street
,
London
,
SW1Y 4QU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The directors have reviewed the company’s financial position and concluded that material uncertainties exist which may cast significant doubt on the company’s ability to continue as a going concern over the next 12 months. The company is facing financial difficulties, and while efforts are being made to address these, there is no guarantee of success.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses or at a revalued amount.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2022:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
9,920
 
Additions
8,518
 
At
31 December 2023
18,438
 
Depreciation  
At
1 January 2023
2,851
 
Charge
5,065
 
At
31 December 2023
7,916
 
Carrying amount  
At
31 December 2023
10,522
 
At 31 December 2022
7,069
 

6 Debtors

20232022
££
Trade debtors
18,339
 
185,233
 
Other debtors
13,918
 
100
 
32,257
 
185,333
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
15,790
 
18,205
 
Taxation and social security
64,962
 
37,049
 
Other creditors
261,775
 
17,691
 
342,527
 
72,945