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REGISTERED NUMBER: 14137798 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

FORTAY MEDIA LIMITED

FORTAY MEDIA LIMITED (REGISTERED NUMBER: 14137798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORTAY MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: I Kean
Mrs H Kean
A Wager





REGISTERED OFFICE: 58 Malinda Street
Sheffield
South Yorkshire
S3 7EF





REGISTERED NUMBER: 14137798 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

FORTAY MEDIA LIMITED (REGISTERED NUMBER: 14137798)

BALANCE SHEET
31ST JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,500 21,642

CURRENT ASSETS
Debtors 5 65,148 51,156
Cash at bank 442,704 400,032
507,852 451,188
CREDITORS
Amounts falling due within one year 6 113,014 133,600
NET CURRENT ASSETS 394,838 317,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,338

339,230

PROVISIONS FOR LIABILITIES 3,361 4,311
NET ASSETS 405,977 334,919

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 405,878 334,820
405,977 334,919

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24th October 2024 and were signed on its behalf by:





I Kean - Director


FORTAY MEDIA LIMITED (REGISTERED NUMBER: 14137798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Fortay 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.

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

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

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.

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.

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 10 (2023 - 8 ) .

FORTAY MEDIA LIMITED (REGISTERED NUMBER: 14137798)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st August 2023
and 31st July 2024 34,296
DEPRECIATION
At 1st August 2023 12,654
Charge for year 7,142
At 31st July 2024 19,796
NET BOOK VALUE
At 31st July 2024 14,500
At 31st July 2023 21,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 65,148 47,508
Other debtors - 3,648
65,148 51,156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,173 780
Taxation and social security 54,459 108,109
Other creditors 56,382 24,711
113,014 133,600

7. RELATED PARTY DISCLOSURES

During the year the company incurred a management charge of £30,000 (2023: £18,000) to a partnership in which the directors are partners of. At the balance sheet date, an amount of £30,000 (2023: £18,000) was due by the company and is included in Other Creditors.