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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
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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
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Glyndwr Media Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
323 
554 
Current assets
Debtors
29,425 
22,885 
Cash at bank and in hand
1,666 
3,572 
31,091 
26,457 
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)
Net assets
9,901 
2,388 
Capital and reserves
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
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Glyndwr Media Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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
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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 
Depreciation
At 1 April 2023
137 
257 
394 
Charge for the year
104 
127 
231 
At 31 March 2024
241 
384 
625 
Net book value
At 31 March 2024
72 
251 
323 
At 31 March 2023
176 
378 
554 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
727 
2,823 
Trade debtors
28,698 
20,062 
29,425 
22,885 
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 
Other creditors
- 
1,125 
Loans from directors
11,265 
10,886 
17,953 
18,755 
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 
£ 
£ 
Bank loans
3,560 
5,868 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,275,758 Ordinary shares of £0.000001 each
1.27 
1.27 
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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).
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