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REGISTERED NUMBER: 09697828 (England and Wales)















SUPERSEDE MEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUPERSEDE MEDIA LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: S R Ullah





REGISTERED OFFICE: Serendipity Labs
7 Exchange Quay
Salford
Greater Manchester
M50 3EP





REGISTERED NUMBER: 09697828 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 13,842 18,365
Tangible assets 5 10,169 17,692
24,011 36,057

CURRENT ASSETS
Debtors 6 10,356 29,085
Cash at bank 14,251 14,165
24,607 43,250
CREDITORS
Amounts falling due within one year 7 (280,624 ) (252,502 )
NET CURRENT LIABILITIES (256,017 ) (209,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(232,006

)

(173,195

)

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (232,016 ) (173,205 )
SHAREHOLDERS' FUNDS (232,006 ) (173,195 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

BALANCE SHEET - continued
31 December 2023


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 4 October 2024 and were signed by:





S R Ullah - Director


SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Supersede 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption depends on the continuing support of the company's finance providers.

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 is recognised on an accruals basis when services are completed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include other debtors and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including accruals and other creditors, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 50,399
AMORTISATION
At 1 January 2023 32,034
Charge for year 4,523
At 31 December 2023 36,557
NET BOOK VALUE
At 31 December 2023 13,842
At 31 December 2022 18,365

SUPERSEDE MEDIA LIMITED (REGISTERED NUMBER: 09697828)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 45,663
Additions 3,743
At 31 December 2023 49,406
DEPRECIATION
At 1 January 2023 27,971
Charge for year 11,266
At 31 December 2023 39,237
NET BOOK VALUE
At 31 December 2023 10,169
At 31 December 2022 17,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,356 29,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,247 5,640
Other creditors 277,377 246,862
280,624 252,502

8. RELATED PARTY DISCLOSURES

Balances owing to the director by way of interest free loans were £275,942 (2022 - £246,559) at the year end.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S R Ullah.