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Registration number: 07931211

Andrew Fowler Media Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Andrew Fowler Media Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Andrew Fowler Media Limited

Company Information

Director

A J Fowler

Registered office

22 High Street
Frome
Somerset
BA11 1ER

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Andrew Fowler Media Limited

(Registration number: 07931211)
Balance Sheet
31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

365

759

Current assets

 

Debtors

5

219,400

455

Cash at bank and in hand

 

2,102

3,890

 

221,502

4,345

Creditors: Amounts falling due within one year

6

(226,451)

(3,631)

Net current (liabilities)/assets

 

(4,949)

714

Total assets less current liabilities

 

(4,584)

1,473

Provisions for liabilities

(69)

(144)

Net (liabilities)/assets

 

(4,653)

1,329

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(4,663)

1,319

Shareholders' (deficit)/funds

 

(4,653)

1,329

 

Andrew Fowler Media Limited

(Registration number: 07931211)
Balance Sheet
31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

.........................................
A J Fowler
Director

 

Andrew Fowler Media Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 High Street
Frome
Somerset
BA11 1ER

These financial statements were authorised for issue by the director on 21 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Andrew Fowler Media Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

Tax

The tax expense for the period comprises current and deferred tax and is recognised in profit or loss.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.3% per annum straight line

Motor vehicles

25% per annum reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of businessand are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers ans are recognised at tranaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Andrew Fowler Media Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

 

Andrew Fowler Media Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

19,386

417

19,803

Additions

479

-

479

At 31 January 2024

19,865

417

20,282

Depreciation

At 1 February 2023

18,658

386

19,044

Charge for the year

865

8

873

At 31 January 2024

19,523

394

19,917

Carrying amount

At 31 January 2024

342

23

365

At 31 January 2023

728

31

759

5

Debtors

2024
£

2023
£

Trade debtors

219,400

-

Other debtors

-

455

219,400

455

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,359

-

Accruals and deferred income

213,500

950

Other creditors

10,592

2,681

226,451

3,631

 

Andrew Fowler Media Limited

Notes to the Unaudited Financial Statements
Year Ended 31 January 2024

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £3,017).