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
Waverley Media Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
3,039
1,630
Cash at bank and in hand
866,068
950,647
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
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
Waverley Media Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Expenditure on research and development is written off in the year in which it is incurred.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction.
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.
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.
Waverley Media Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 January 2024
4
Tangible fixed assets
Plant & machinery
Charge for the period
1,013
Amounts falling due within one year
Accrued income and prepayments
8,203
4,333
Other debtors
800,256
328,610
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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
7
Provisions for liabilities
£
Additional provisions made during the period
281,215
At 31 January 2024
796,023
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
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.
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Average number of employees
During the period the average number of employees was 6 (2022: 6).