1 August 2022 false No description of principal activity Taxfiler 2024.6 03683874business:PrivateLimitedCompanyLtd2022-08-012024-01-31 036838742022-07-31 036838742022-08-012024-01-31 03683874business:AuditExempt-NoAccountantsReport2022-08-012024-01-31 03683874business:FilletedAccounts2022-08-012024-01-31 036838742024-01-31 036838742022-07-31 03683874core:WithinOneYear2024-01-31 03683874core:WithinOneYear2022-07-31 03683874core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 03683874core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 03683874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 03683874core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 03683874core:PreviouslyStatedAmount2024-01-31 03683874core:PreviouslyStatedAmount2022-07-31 03683874business:SmallEntities2022-08-012024-01-31 03683874business:Director12022-08-012024-01-31 03683874countries:EnglandWales2022-08-012024-01-31 03683874business:RegisteredOffice2022-08-012024-01-31 03683874core:PlantMachinery2022-08-012024-01-31 03683874core:PlantMachinery2022-07-31 03683874core:PlantMachinery2024-01-31 03683874core:OtherProvisionsContingentLiabilities2022-07-31 03683874core:OtherProvisionsContingentLiabilities2022-08-012024-01-31 03683874core:OtherProvisionsContingentLiabilities2024-01-31 03683874core:BetweenOneFiveYears2024-01-31 03683874core:BetweenOneFiveYears2022-07-31 03683874business:Director112022-08-012024-01-31 03683874business:Director112022-07-31 03683874business:Director112024-01-31 036838742021-10-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 03683874 (England and Wales)
Waverley Media Ltd Unaudited accounts for the period from 1 August 2022 to 31 January 2024
Waverley Media Ltd Unaudited accounts Contents
Page
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Waverley Media Ltd Statement of financial position as at 31 January 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,039 
1,630 
Current assets
Inventories
500 
500 
Debtors
808,459 
332,943 
Cash at bank and in hand
866,068 
950,647 
1,675,027 
1,284,090 
Creditors: amounts falling due within one year
(514,824)
(372,703)
Net current assets
1,160,203 
911,387 
Total assets less current liabilities
1,163,242 
913,017 
Provisions for liabilities
Other provisions
(796,023)
(514,808)
Net assets
367,219 
398,209 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
366,219 
397,209 
Shareholders' funds
367,219 
398,209 
For the period 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 directors acknowledge their 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 of Directors and authorised for issue on 14 September 2024 and were signed on its behalf by
Timothy Lowe Director Company Registration No. 03683874
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Waverley Media Ltd Notes to the Accounts for the period from 1 August 2022 to 31 January 2024
1
Statutory information
Waverley Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 03683874. The registered office is Waverley Farm, Waverley Lane, Farnham, Surrey, GU9 8EP.
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 period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
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 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% SL
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Waverley Media Ltd Notes to the Accounts for the period from 1 August 2022 to 31 January 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
49,249 
Additions
2,422 
At 31 January 2024
51,671 
Depreciation
At 1 August 2022
47,619 
Charge for the period
1,013 
At 31 January 2024
48,632 
Net book value
At 31 January 2024
3,039 
At 31 July 2022
1,630 
5
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,203 
4,333 
Other debtors
800,256 
328,610 
808,459 
332,943 
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Trade creditors
23,156 
33,069 
Taxes and social security
85,502 
132,659 
Other creditors
19,058 
19,115 
Loans from directors
19,988 
19,050 
Accruals
367,120 
168,810 
514,824 
372,703 
7
Provisions for liabilities
£ 
At 1 August 2022
514,808 
Additional provisions made during the period
281,215 
At 31 January 2024
796,023 
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Waverley Media Ltd Notes to the Accounts for the period from 1 August 2022 to 31 January 2024
8
Operating lease commitments
2024 
2022 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,333 
- 
Later than one year and not later than five years
- 
49,833 
4,333 
49,833 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Advances to directors
201,603 
694,004 
227,567 
668,040 
201,603 
694,004 
227,567 
668,040 
Other debtors includes the above advances to directors, repayable on demand.
10
Average number of employees
During the period the average number of employees was 6 (2022: 6).
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