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REGISTERED NUMBER: 14169319 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

GRAB MEDIA LTD

GRAB MEDIA LTD (REGISTERED NUMBER: 14169319)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GRAB MEDIA LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M P Grabowski





REGISTERED OFFICE: 33 Long Beach Close
Eastbourne
BN23 5QA





REGISTERED NUMBER: 14169319 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

GRAB MEDIA LTD (REGISTERED NUMBER: 14169319)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,974 34,755

CURRENT ASSETS
Debtors 5 18,192 24,600
Cash at bank 12,076 13,032
30,268 37,632
CREDITORS
Amounts falling due within one year 6 22,301 28,437
NET CURRENT ASSETS 7,967 9,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,941

43,950

PROVISIONS FOR LIABILITIES 6,835 6,603
NET ASSETS 37,106 37,347

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 37,104 37,345
SHAREHOLDERS' FUNDS 37,106 37,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:



M P Grabowski - Director


GRAB MEDIA LTD (REGISTERED NUMBER: 14169319)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Grab Media Ltd 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. ACCOUNTING POLICIES

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

Turnover
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
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 reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

GRAB MEDIA LTD (REGISTERED NUMBER: 14169319)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 28,958 17,381 46,339
Additions 11,800 1,411 13,211
At 30 June 2024 40,758 18,792 59,550
DEPRECIATION
At 1 July 2023 7,239 4,345 11,584
Charge for year 8,380 3,612 11,992
At 30 June 2024 15,619 7,957 23,576
NET BOOK VALUE
At 30 June 2024 25,139 10,835 35,974
At 30 June 2023 21,719 13,036 34,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 18,192 24,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 72 -
Tax 11,113 11,263
VAT 7,804 11,369
Directors' current accounts 1,912 4,405
Accrued expenses 1,400 1,400
22,301 28,437

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2