2023-01-012023-12-312023-12-31false10512447AFTERGLOW MEDIA LTD2024-09-26iso4217:GBPxbrli:pure105124472023-01-01105124472023-12-31105124472023-01-012023-12-31105124472022-01-01105124472022-12-31105124472022-01-012022-12-3110512447bus:SmallEntities2023-01-012023-12-3110512447bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3110512447bus:FullAccounts2023-01-012023-12-3110512447bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110512447core:WithinOneYear2023-12-3110512447core:AfterOneYear2023-12-3110512447core:WithinOneYear2022-12-3110512447core:AfterOneYear2022-12-3110512447core:ShareCapital2023-12-3110512447core:SharePremium2023-12-3110512447core:RevaluationReserve2023-12-3110512447core:OtherReservesSubtotal2023-12-3110512447core:RetainedEarningsAccumulatedLosses2023-12-3110512447core:ShareCapital2022-12-3110512447core:SharePremium2022-12-3110512447core:RevaluationReserve2022-12-3110512447core:OtherReservesSubtotal2022-12-3110512447core:RetainedEarningsAccumulatedLosses2022-12-3110512447core:LandBuildings2023-12-3110512447core:PlantMachinery2023-12-3110512447core:Vehicles2023-12-3110512447core:FurnitureFittings2023-12-3110512447core:OfficeEquipment2023-12-3110512447core:NetGoodwill2023-12-3110512447core:IntangibleAssetsOtherThanGoodwill2023-12-3110512447core:ListedExchangeTraded2023-12-3110512447core:UnlistedNon-exchangeTraded2023-12-3110512447core:LandBuildings2022-12-3110512447core:PlantMachinery2022-12-3110512447core:Vehicles2022-12-3110512447core:FurnitureFittings2022-12-3110512447core:OfficeEquipment2022-12-3110512447core:NetGoodwill2022-12-3110512447core:IntangibleAssetsOtherThanGoodwill2022-12-3110512447core:ListedExchangeTraded2022-12-3110512447core:UnlistedNon-exchangeTraded2022-12-3110512447core:LandBuildings2023-01-012023-12-3110512447core:PlantMachinery2023-01-012023-12-3110512447core:Vehicles2023-01-012023-12-3110512447core:FurnitureFittings2023-01-012023-12-3110512447core:OfficeEquipment2023-01-012023-12-3110512447core:NetGoodwill2023-01-012023-12-3110512447core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110512447core:ListedExchangeTraded2023-01-012023-12-3110512447core:UnlistedNon-exchangeTraded2023-01-012023-12-3110512447core:MoreThanFiveYears2023-01-012023-12-3110512447core:Non-currentFinancialInstruments2023-12-3110512447core:Non-currentFinancialInstruments2022-12-3110512447dpl:CostSales2023-01-012023-12-3110512447dpl:DistributionCosts2023-01-012023-12-3110512447core:LandBuildings2023-01-012023-12-3110512447core:PlantMachinery2023-01-012023-12-3110512447core:Vehicles2023-01-012023-12-3110512447core:FurnitureFittings2023-01-012023-12-3110512447core:OfficeEquipment2023-01-012023-12-3110512447dpl:AdministrativeExpenses2023-01-012023-12-3110512447core:NetGoodwill2023-01-012023-12-3110512447core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110512447dpl:GroupUndertakings2023-01-012023-12-3110512447dpl:ParticipatingInterests2023-01-012023-12-3110512447dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3110512447core:ListedExchangeTraded2023-01-012023-12-3110512447dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3110512447core:UnlistedNon-exchangeTraded2023-01-012023-12-3110512447dpl:CostSales2022-01-012022-12-3110512447dpl:DistributionCosts2022-01-012022-12-3110512447core:LandBuildings2022-01-012022-12-3110512447core:PlantMachinery2022-01-012022-12-3110512447core:Vehicles2022-01-012022-12-3110512447core:FurnitureFittings2022-01-012022-12-3110512447core:OfficeEquipment2022-01-012022-12-3110512447dpl:AdministrativeExpenses2022-01-012022-12-3110512447core:NetGoodwill2022-01-012022-12-3110512447core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110512447dpl:GroupUndertakings2022-01-012022-12-3110512447dpl:ParticipatingInterests2022-01-012022-12-3110512447dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110512447core:ListedExchangeTraded2022-01-012022-12-3110512447dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110512447core:UnlistedNon-exchangeTraded2022-01-012022-12-3110512447core:NetGoodwill2023-12-3110512447core:IntangibleAssetsOtherThanGoodwill2023-12-3110512447core:LandBuildings2023-12-3110512447core:PlantMachinery2023-12-3110512447core:Vehicles2023-12-3110512447core:FurnitureFittings2023-12-3110512447core:OfficeEquipment2023-12-3110512447core:AfterOneYear2023-12-3110512447core:WithinOneYear2023-12-3110512447core:ListedExchangeTraded2023-12-3110512447core:UnlistedNon-exchangeTraded2023-12-3110512447core:ShareCapital2023-12-3110512447core:SharePremium2023-12-3110512447core:RevaluationReserve2023-12-3110512447core:OtherReservesSubtotal2023-12-3110512447core:RetainedEarningsAccumulatedLosses2023-12-3110512447core:NetGoodwill2022-12-3110512447core:IntangibleAssetsOtherThanGoodwill2022-12-3110512447core:LandBuildings2022-12-3110512447core:PlantMachinery2022-12-3110512447core:Vehicles2022-12-3110512447core:FurnitureFittings2022-12-3110512447core:OfficeEquipment2022-12-3110512447core:AfterOneYear2022-12-3110512447core:WithinOneYear2022-12-3110512447core:ListedExchange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AFTERGLOW MEDIA LTD

Registered Number
10512447
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

AFTERGLOW MEDIA LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Richard Stewart

Registered Address

Unit 3 Upp Hall Farm Salmons Lane
Coggeshall
Colchester
CO6 1RY

Registered Number

10512447 (England and Wales)
AFTERGLOW MEDIA LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,3712,056
1,3712,056
Current assets
Debtors4-2,317
Cash at bank and on hand4,4393,047
4,4395,364
Creditors amounts falling due within one year5(6,985)(15,653)
Net current assets (liabilities)(2,546)(10,289)
Total assets less current liabilities(1,175)(8,233)
Net assets(1,175)(8,233)
Capital and reserves
Called up share capital1010
Profit and loss account(1,185)(8,243)
Shareholders' funds(1,175)(8,233)
The financial statements were approved and authorised for issue by the Director on 26 September 2024, and are signed on its behalf by:
Richard Stewart
Director
Registered Company No. 10512447
AFTERGLOW MEDIA LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Current taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Reducing balance (%)
Plant and machinery33
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 January 2318,32318,323
At 31 December 2318,32318,323
Depreciation and impairment
At 01 January 2316,26716,267
Charge for year685685
At 31 December 2316,95216,952
Net book value
At 31 December 231,3711,371
At 31 December 222,0562,056
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-2,300
Other debtors-17
Total-2,317
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts5,6777,658
Taxation and social security82-
Other creditors2266,795
Accrued liabilities and deferred income1,0001,200
Total6,98515,653
6.Financial instruments
Included in creditors is a bounce back loan. The bounce back loan is denominated in GBP with a nominal interest rate of 2.5%. The final instalment is due on 31st December 2026. The carrying amount at the year end is £5,677 (2022: £7,658)
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Richard Stewart3,84903,624225
current account balance
3,84903,624225
8.Share capital
The company has issued share capital of 100 ordinary shares of 1p each. There have been no changes in the year.