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REGISTERED NUMBER: 10453031 (England and Wales)











S2A MEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


S2A MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: D Waite
M Honeyborne





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 10453031 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,415 168,084

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 37,578 40,671
Cash at bank 10,591 11,295
53,169 56,966
CREDITORS
Amounts falling due within one year 6 158,000 168,857
NET CURRENT LIABILITIES (104,831 ) (111,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,584

56,193

CREDITORS
Amounts falling due after more than
one year

7

(16,930

)

(25,940

)

PROVISIONS FOR LIABILITIES (12,372 ) (18,355 )
NET ASSETS 282 11,898

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 182 11,798
SHAREHOLDERS' FUNDS 282 11,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

BALANCE SHEET - continued
31ST OCTOBER 2023


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 31st October 2024 and were signed on its behalf by:





D Waite - Director


S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

S2A 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have made an assessment and do not consider there to be any material uncertainties about the company's ability to continue as a going concern. Although current liabilities exceed current assets, the directors are optimistic that the company will meet all liabilities as they become due.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st November 2022 72,509 273,964 3,565
Additions - 1,390 -
Disposals - - -
At 31st October 2023 72,509 275,354 3,565
DEPRECIATION
At 1st November 2022 3,261 187,281 1,455
Charge for year 2,805 22,019 527
Eliminated on disposal - - -
At 31st October 2023 6,066 209,300 1,982
NET BOOK VALUE
At 31st October 2023 66,443 66,054 1,583
At 31st October 2022 69,248 86,683 2,110

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2022 23,996 1,884 375,918
Additions - - 1,390
Disposals (23,996 ) - (23,996 )
At 31st October 2023 - 1,884 353,312
DEPRECIATION
At 1st November 2022 14,400 1,437 207,834
Charge for year - 112 25,463
Eliminated on disposal (14,400 ) - (14,400 )
At 31st October 2023 - 1,549 218,897
NET BOOK VALUE
At 31st October 2023 - 335 134,415
At 31st October 2022 9,596 447 168,084

S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1st November 2022
and 31st October 2023 23,996
DEPRECIATION
At 1st November 2022
and 31st October 2023 14,400
NET BOOK VALUE
At 31st October 2023 9,596
At 31st October 2022 9,596

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,318 26,164
Other debtors 24,260 14,507
37,578 40,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Finance leases (see note 8) - 5,807
Trade creditors 3,390 3,229
Taxation and social security 28,708 20,023
Other creditors 115,902 129,798
158,000 168,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,930 25,940

S2A MEDIA LIMITED (REGISTERED NUMBER: 10453031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year - 5,807

Non-cancellable operating leases
2023 2022
£    £   
Within one year 4,664 -
Between one and five years 6,218 -
10,882 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
M Honeyborne
Balance outstanding at start of year 6,864 -
Amounts advanced 31,250 6,864
Amounts repaid (20,460 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,654 6,864

The directors operate a current account with the company which result from monies introduced and undrawn remuneration. The balance due from the above director as at 31 October 2023 amounted to £17.654. Interest has been charged at 2.1% on the balance owning.