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Registered number: 11422511
Seven Monsters Media Ltd.
Financial Statements
For The Year Ended 30 June 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11422511
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,400 1,500
Tangible Assets 5 32 48
1,432 1,548
CURRENT ASSETS
Debtors 6 259 376
Cash at bank and in hand 1,587 1,027
1,846 1,403
Creditors: Amounts Falling Due Within One Year 7 (33,219 ) (29,577 )
NET CURRENT ASSETS (LIABILITIES) (31,373 ) (28,174 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,941 ) (26,626 )
NET LIABILITIES (29,941 ) (26,626 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (29,942 ) (26,627 )
SHAREHOLDERS' FUNDS (29,941) (26,626)
Page 1
Page 2
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Robertson
Director
14th November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Seven Monsters Media Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11422511 . The registered office is Kemp House , 128 City Road , LONDON , EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. However, the company is being supported by sole director Mark Robertson.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
The other intangible asset is a copyright. It is amortised to profit and loss account at 5% by the straight line method over its estimated economic life.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Directors 1 1
1 1
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4. Intangible Assets
Other
£
Cost
As at 1 July 2023 2,000
As at 30 June 2024 2,000
Amortisation
As at 1 July 2023 500
Provided during the period 100
As at 30 June 2024 600
Net Book Value
As at 30 June 2024 1,400
As at 1 July 2023 1,500
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 360
As at 30 June 2024 360
Depreciation
As at 1 July 2023 312
Provided during the period 16
As at 30 June 2024 328
Net Book Value
As at 30 June 2024 32
As at 1 July 2023 48
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63 141
Prepayments and accrued income 196 235
259 376
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 876 864
Director's loan account 32,343 28,713
33,219 29,577
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Mark Robertson 28,713 3,641 11 - 32,343
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mark A Robertson by virtue of his ownership of 100% of the issued share capital in the company.
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