2023-06-012024-05-312024-05-31false09603657LBT MEDIA 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LBT MEDIA LIMITED

Registered Number
09603657
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LBT MEDIA LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Louisa Burwood-Taylor

Registered Address

Walker House
Market Place
Somerton
TA11 7LX

Registered Number

09603657 (England and Wales)
LBT MEDIA LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,9125,472
Investments42,170-
8,0825,472
Current assets
Debtors87,220-
Cash at bank and on hand42,830535
130,050535
Creditors amounts falling due within one year5(32,623)(809)
Net current assets (liabilities)97,427(274)
Total assets less current liabilities105,5095,198
Net assets105,5095,198
Capital and reserves
Called up share capital11
Profit and loss account105,5085,197
Shareholders' funds105,5095,198
The financial statements were approved and authorised for issue by the Director on 3 October 2024, and are signed on its behalf by:
Louisa Burwood-Taylor
Director
Registered Company No. 09603657
LBT MEDIA LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 June 235,4725,472
Additions1,9181,918
At 31 May 247,3907,390
Depreciation and impairment
Charge for year1,4781,478
At 31 May 241,4781,478
Net book value
At 31 May 245,9125,912
At 31 May 235,4725,472
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions2,1702,170
At 31 May 242,1702,170
Net book value
At 31 May 242,1702,170
At 31 May 23--

Notes

1Other investments other than loans
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts194599
Taxation and social security31,787-
Accrued liabilities and deferred income642210
Total32,623809