Company registration number 07633789 (England and Wales)
STEVE BACKSHALL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
STEVE BACKSHALL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
STEVE BACKSHALL LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,154
4,210
Investments
4
826,532
738,071
829,686
742,281
Current assets
Debtors
5
82,531
99,401
Cash at bank and in hand
69,976
90,195
152,507
189,596
Creditors: amounts falling due within one year
6
(102,975)
(108,936)
Net current assets
49,532
80,660
Total assets less current liabilities
879,218
822,941
Provisions for liabilities
(15,209)
(8,823)
Net assets
864,009
814,118
Capital and reserves
Called up share capital
1
1
Other reserves
45,628
26,467
Profit and loss reserves
818,380
787,650
Total equity
864,009
814,118
STEVE BACKSHALL LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 November 2024 and are signed on its behalf by:
S Backshall
Director
Company registration number 07633789 (England and Wales)
STEVE BACKSHALL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Steve Backshall Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kingfisher Cottage, Spade Oak Reach, Cookham, Maidenhead, England, SL6 9RQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised as amounts received for media presentation, net of VAT.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

Listed Investments are included in the accounts at fair value with the revaluation taken to the profit and loss account.Transaction costs are expensed to profit or loss as incurred.

 

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STEVE BACKSHALL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).

2024
2023
Number
Number
Total
2
2
STEVE BACKSHALL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 and 31 May 2024
11,368
Depreciation and impairment
At 1 June 2023
7,158
Depreciation charged in the year
1,056
At 31 May 2024
8,214
Carrying amount
At 31 May 2024
3,154
At 31 May 2023
4,210
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
826,532
738,071
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2023
738,071
Valuation changes
88,461
At 31 May 2024
826,532
Carrying amount
At 31 May 2024
826,532
At 31 May 2023
738,071
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
39,209
57,238
Other debtors
43,322
42,163
82,531
99,401
STEVE BACKSHALL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,434
3,254
Corporation tax
77,363
61,913
Other taxation and social security
7,468
35,302
Other creditors
15,710
8,467
102,975
108,936
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