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REGISTERED NUMBER: 11898590 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Synchronous Media Limited

Synchronous Media Limited (Registered number: 11898590)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Synchronous Media Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G R Routledge
S P Hurrell





SECRETARIES: Mrs C T Routledge
Mrs M Hurrell





REGISTERED OFFICE: Line Side Studios
Unit 2b
The Sidings Business Park
Skipton
North Yorkshire
BD23 1TB





REGISTERED NUMBER: 11898590 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Synchronous Media Limited (Registered number: 11898590)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 16,716 50,507
Investments 6 136 136
16,852 50,643

CURRENT ASSETS
Debtors 7 572,668 386,673
Cash at bank 235,900 102,271
808,568 488,944
CREDITORS
Amounts falling due within one year 8 (689,187 ) (446,557 )
NET CURRENT ASSETS 119,381 42,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,233

93,030

PROVISIONS FOR LIABILITIES (4,179 ) (11,509 )
NET ASSETS 132,054 81,521

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 131,854 81,321
SHAREHOLDERS' FUNDS 132,054 81,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

Synchronous Media Limited (Registered number: 11898590)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





S P Hurrell - Director


Synchronous Media Limited (Registered number: 11898590)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Synchronous 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Synchronous Media Limited (Registered number: 11898590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 37,925 53,959 18,652 110,536
Additions - - 18,406 18,406
Disposals - (53,959 ) - (53,959 )
At 31 March 2024 37,925 - 37,058 74,983
DEPRECIATION
At 1 April 2023 35,249 13,490 11,290 60,029
Charge for year 1,539 - 10,189 11,728
Eliminated on disposal - (13,490 ) - (13,490 )
At 31 March 2024 36,788 - 21,479 58,267
NET BOOK VALUE
At 31 March 2024 1,137 - 15,579 16,716
At 31 March 2023 2,676 40,469 7,362 50,507

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 136
NET BOOK VALUE
At 31 March 2024 136
At 31 March 2023 136

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 448,402 300,530
Other debtors 49,678 82,953
Directors' current accounts 70,448 -
Prepayments 4,140 3,190
572,668 386,673

Synchronous Media Limited (Registered number: 11898590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 39,807 (64 )
Social security and other taxes 5,538 6,296
VAT 78,199 58,864
Other creditors 30,177 1,400
Directors' current accounts 35,012 -
Accruals and deferred income 500,454 380,061
689,187 446,557

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G R Routledge
Balance outstanding at start of year - -
Amounts advanced 70,448 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,448 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Synchronous Media Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Synchronous Media Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Synchronous Media Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Synchronous Media Limited and state those matters that we have agreed to state to the Board of Directors of Synchronous Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Synchronous Media Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Synchronous Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Synchronous Media Limited. You consider that Synchronous Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Synchronous Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


8 November 2024