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REGISTERED NUMBER: 08345487 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Flying Dragon Media Limited

Flying Dragon Media Limited (Registered number: 08345487)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Flying Dragon Media Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: O Roberts





REGISTERED OFFICE: 120 Cockfosters Road
Barnet
EN4 0DZ





REGISTERED NUMBER: 08345487 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Flying Dragon Media Limited (Registered number: 08345487)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,098 21,374

CURRENT ASSETS
Debtors 5 8,748 18,745
Cash at bank 15,557 17,284
24,305 36,029
CREDITORS
Amounts falling due within one year 6 7,879 10,623
NET CURRENT ASSETS 16,426 25,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,524

46,780

PROVISIONS FOR LIABILITIES 3,376 3,985
NET ASSETS 31,148 42,795

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31,147 42,794
SHAREHOLDERS' FUNDS 31,148 42,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Flying Dragon Media Limited (Registered number: 08345487)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 July 2024 and were signed by:





O Roberts - Director


Flying Dragon Media Limited (Registered number: 08345487)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Flying Dragon Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax asset is recognised only to the extent that the director considers that it is more likely that not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and law enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Flying Dragon Media Limited (Registered number: 08345487)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 82,510 15,873 17,199 115,582
Additions 2,593 - - 2,593
At 31 March 2024 85,103 15,873 17,199 118,175
DEPRECIATION
At 1 April 2023 62,245 14,764 17,199 94,208
Charge for year 5,592 277 - 5,869
At 31 March 2024 67,837 15,041 17,199 100,077
NET BOOK VALUE
At 31 March 2024 17,266 832 - 18,098
At 31 March 2023 20,265 1,109 - 21,374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,393 16,460
Other debtors 2,355 2,285
8,748 18,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 6,204 9,299
Other creditors 1,675 1,324
7,879 10,623