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Registered number: 07869763
Embeesea Media Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07869763
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,956 79,288
70,956 79,288
CURRENT ASSETS
Debtors 5 7,605 7,041
Cash at bank and in hand 9,867 21,565
17,472 28,606
Creditors: Amounts Falling Due Within One Year 6 (63,079 ) (25,751 )
NET CURRENT ASSETS (LIABILITIES) (45,607 ) 2,855
TOTAL ASSETS LESS CURRENT LIABILITIES 25,349 82,143
Creditors: Amounts Falling Due After More Than One Year 7 (82,726 ) (75,890 )
NET (LIABILITIES)/ASSETS (57,377 ) 6,253
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (57,477 ) 6,153
SHAREHOLDERS' FUNDS (57,377) 6,253
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 his 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
Mr Junior Agyeman-Owusu
Director
23 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Embeesea Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07869763 . The registered office is 21 Turneys Drive, Wolverton Hill, Milton Keynes, Bucks, MK12 5GY.
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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 10% on cost
Fixtures & Fittings 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 105,370 19,574 124,944
Additions - 7,650 7,650
As at 31 December 2023 105,370 27,224 132,594
Depreciation
As at 1 January 2023 34,469 11,187 45,656
Provided during the period 10,537 5,445 15,982
As at 31 December 2023 45,006 16,632 61,638
Net Book Value
As at 31 December 2023 60,364 10,592 70,956
As at 1 January 2023 70,901 8,387 79,288
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,715 5,141
Other debtors 1,890 1,900
7,605 7,041
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,520 9,850
Bank loans and overdrafts 8,076 1,186
Corporation tax 6,954 6,954
Other taxes and social security 17,195 6,937
Other creditors 2,584 -
Accruals and deferred income 14,636 594
Director's loan account 114 230
63,079 25,751
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 20,140 28,974
Bank loans 36,586 46,916
Directors loan account 26,000 -
82,726 75,890
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5