2023-04-012024-03-312024-03-31false14006285FAST TRAIN MEDIA 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FAST TRAIN MEDIA LIMITED

Registered Number
14006285
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FAST TRAIN MEDIA LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

KIRKLAND, Christopher
LANE, Gregory

Registered Address

2 Upperton Gardens
Eastbourne
BN21 2AH

Registered Number

14006285 (England and Wales)
FAST TRAIN MEDIA LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,113-
Investments46,2506,250
8,3636,250
Current assets
Debtors560,901-
Cash at bank and on hand190,41324,994
251,31424,994
Creditors amounts falling due within one year6(70,561)(22,572)
Net current assets (liabilities)180,7532,422
Total assets less current liabilities189,1168,672
Net assets189,1168,672
Capital and reserves
Called up share capital100100
Profit and loss account189,0168,572
Shareholders' funds189,1168,672
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
KIRKLAND, Christopher
Director
Registered Company No. 14006285
FAST TRAIN MEDIA LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions2,2122,212
At 31 March 242,2122,212
Depreciation and impairment
Charge for year9999
At 31 March 249999
Net book value
At 31 March 242,1132,113
At 31 March 23--
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 236,2506,250
At 31 March 246,2506,250
Net book value
At 31 March 246,2506,250
At 31 March 236,2506,250

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables641-
Amounts owed by group undertakings59,747-
Other debtors513-
Total60,901-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,9212,944
Amounts owed to related parties-12,291
Taxation and social security65,0892,011
Other creditors3,5515,326
Total70,56122,572