Company Registration No. 08764217 (England and Wales)
Glyndwr Media Limited
Unaudited accounts
for the year ended 31 March 2024
Glyndwr Media Limited
Unaudited accounts
Contents
Glyndwr Media Limited
Company Information
for the year ended 31 March 2024
Directors
A Davies
S Walsh
Company Number
08764217 (England and Wales)
Registered Office
37 Netherbury Road
London
W5 4SP
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Glyndwr Media Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
1,666
3,572
Creditors: amounts falling due within one year
(17,953)
(18,755)
Net current assets
13,138
7,702
Total assets less current liabilities
13,461
8,256
Creditors: amounts falling due after more than one year
(3,560)
(5,868)
Called up share capital
1
1
Share premium
304,998
304,998
Profit and loss account
(295,098)
(302,611)
Shareholders' funds
9,901
2,388
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
A Davies
Director
Company Registration No. 08764217
Glyndwr Media Limited
Notes to the Accounts
for the year ended 31 March 2024
Glyndwr Media Limited is a private company, limited by shares, registered in England and Wales, registration number 08764217. The registered office is 37 Netherbury Road, London, W5 4SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line Basis
Glyndwr Media Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
313
635
948
At 31 March 2024
313
635
948
At 1 April 2023
137
257
394
Charge for the year
104
127
231
At 31 March 2024
241
384
625
At 31 March 2024
72
251
323
At 31 March 2023
176
378
554
Amounts falling due within one year
Trade debtors
28,698
20,062
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,362
2,246
Trade creditors
3,186
3,501
Taxes and social security
140
997
Loans from directors
11,265
10,886
Included in creditors at the balance sheet date was an amount of £11,265 (2023: £10,886) owed to Aled Davies, a director of the company. The balance was interest free and no terms have been agreed on this loan.
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,275,758 Ordinary shares of £0.000001 each
1.27
1.27
Glyndwr Media Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).