IRIS Accounts Production v24.3.0.553 06072989 director 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060729892023-01-31060729892024-01-31060729892023-02-012024-01-31060729892022-01-31060729892022-02-012023-01-31060729892023-01-3106072989ns15:EnglandWales2023-02-012024-01-3106072989ns14:PoundSterling2023-02-012024-01-3106072989ns10:Director12023-02-012024-01-3106072989ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106072989ns10:SmallEntities2023-02-012024-01-3106072989ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106072989ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106072989ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106072989ns10:FullAccounts2023-02-012024-01-310607298912023-02-012024-01-3106072989ns10:OrdinaryShareClass12023-02-012024-01-3106072989ns10:RegisteredOffice2023-02-012024-01-3106072989ns5:CurrentFinancialInstruments2024-01-3106072989ns5:CurrentFinancialInstruments2023-01-3106072989ns5:ShareCapital2024-01-3106072989ns5:ShareCapital2023-01-3106072989ns5:RetainedEarningsAccumulatedLosses2024-01-3106072989ns5:RetainedEarningsAccumulatedLosses2023-01-3106072989ns5:NetGoodwill2023-02-012024-01-3106072989ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3106072989ns5:FurnitureFittings2023-02-012024-01-3106072989ns5:ComputerEquipment2023-02-012024-01-3106072989ns5:NetGoodwill2023-01-3106072989ns5:NetGoodwill2024-01-3106072989ns5:NetGoodwill2023-01-3106072989ns5:FurnitureFittings2023-01-3106072989ns5:ComputerEquipment2023-01-3106072989ns5:FurnitureFittings2024-01-3106072989ns5:ComputerEquipment2024-01-3106072989ns5:FurnitureFittings2023-01-3106072989ns5:ComputerEquipment2023-01-3106072989ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106072989ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3106072989ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 06072989 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

POPPYSEED MEDIA LIMITED

POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POPPYSEED MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Miss A C Seed





REGISTERED OFFICE: c/o
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 06072989 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,024 1,536
Tangible assets 5 5,864 7,913
6,888 9,449

CURRENT ASSETS
Debtors 6 17,420 26,660
Cash at bank 28,391 24,959
45,811 51,619
CREDITORS
Amounts falling due within one year 7 42,371 46,459
NET CURRENT ASSETS 3,440 5,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,328

14,609

PROVISIONS FOR LIABILITIES 1,721 1,798
NET ASSETS 8,607 12,811

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 8,606 12,810
SHAREHOLDERS' FUNDS 8,607 12,811

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

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

The director acknowledges her 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.

POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)

BALANCE SHEET - continued
31 JANUARY 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





Miss A C Seed - Director


POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Poppyseed 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.

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 significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with acquisition of a business in 2007, is being amortised evenly over its estimated useful life of which there are 3 years remaining.

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.

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 - 15% reducing balance
Computer equipment - 33% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 8,000
AMORTISATION
At 1 February 2023 6,464
Amortisation for year 512
At 31 January 2024 6,976
NET BOOK VALUE
At 31 January 2024 1,024
At 31 January 2023 1,536

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 5,423 16,109 21,532
Additions 341 - 341
At 31 January 2024 5,764 16,109 21,873
DEPRECIATION
At 1 February 2023 4,119 9,500 13,619
Charge for year 209 2,181 2,390
At 31 January 2024 4,328 11,681 16,009
NET BOOK VALUE
At 31 January 2024 1,436 4,428 5,864
At 31 January 2023 1,304 6,609 7,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,420 23,508
Other debtors 5,000 3,152
17,420 26,660

POPPYSEED MEDIA LIMITED (REGISTERED NUMBER: 06072989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 290 1,602
Taxation and social security 12,257 9,492
Other creditors 29,824 35,365
42,371 46,459

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Transactions with entities in which the directors have control, joint control or significant influence over the entity;

20242023
££

Amount due from related party5,0002,000

Transactions with key management personnel;

20242023
££

Amount due to related party26,15231,638