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Company Registration No. 09381893 (England and Wales)
Cojones Media Ltd Unaudited accounts for the year ended 31 January 2024
Cojones Media Ltd Unaudited accounts Contents
Page
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Cojones Media Ltd Company Information for the year ended 31 January 2024
Director
Michael McCormack
Company Number
09381893 (England and Wales)
Registered Office
9 Sutton Court Road London W4 4NN UK
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Cojones Media Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,442 
3,606 
Investments
18,025 
18,025 
27,467 
21,631 
Current assets
Debtors
207,073 
- 
Cash at bank and in hand
13,684 
25,873 
220,757 
25,873 
Creditors: amounts falling due within one year
(31,094)
(44,454)
Net current assets/(liabilities)
189,663 
(18,581)
Net assets
217,130 
3,050 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
217,030 
2,950 
Shareholders' funds
217,130 
3,050 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 28 October 2024 and were signed on its behalf by
Michael McCormack Director Company Registration No. 09381893
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Cojones Media Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Cojones Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 09381893. The registered office is 9 Sutton Court Road, London, W4 4NN, UK.
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.
Revenue Recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover shown net of sales/Value Added Tax, returns, rebates and discounts. 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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in the profit and loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income 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 counties where the company operates and generates taxable income.
Cash and equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to insignificant risk of change in value.
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:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
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Cojones Media Ltd Notes to the Accounts for the year ended 31 January 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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. 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 dated. If there is an unconditional right to defer settlement for at least twelve months after the reporting dated, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
8,165 
Additions
8,593 
At 31 January 2024
16,758 
Depreciation
At 1 February 2023
4,559 
Charge for the year
2,757 
At 31 January 2024
7,316 
Net book value
At 31 January 2024
9,442 
At 31 January 2023
3,606 
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Cojones Media Ltd Notes to the Accounts for the year ended 31 January 2024
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
18,025 
Valuation at 31 January 2024
18,025 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
207,073 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
28,694 
43,254 
Accruals
2,400 
1,200 
31,094 
44,454 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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