Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04188054 Ms Saba Syed Saba Syed true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04188054 2023-03-31 04188054 2024-03-31 04188054 2023-04-01 2024-03-31 04188054 frs-core:CurrentFinancialInstruments 2024-03-31 04188054 frs-core:Non-currentFinancialInstruments 2024-03-31 04188054 frs-core:BetweenOneFiveYears 2024-03-31 04188054 frs-core:FurnitureFittings 2024-03-31 04188054 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04188054 frs-core:FurnitureFittings 2023-03-31 04188054 frs-core:MotorVehicles 2024-03-31 04188054 frs-core:MotorVehicles 2023-04-01 2024-03-31 04188054 frs-core:MotorVehicles 2023-03-31 04188054 frs-core:PlantMachinery 2024-03-31 04188054 frs-core:PlantMachinery 2023-04-01 2024-03-31 04188054 frs-core:PlantMachinery 2023-03-31 04188054 frs-core:WithinOneYear 2024-03-31 04188054 frs-core:ShareCapital 2024-03-31 04188054 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04188054 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04188054 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04188054 frs-bus:SmallEntities 2023-04-01 2024-03-31 04188054 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04188054 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04188054 1 2023-04-01 2024-03-31 04188054 frs-core:CostValuation 2023-03-31 04188054 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2024-03-31 04188054 frs-core:CostValuation 2024-03-31 04188054 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 04188054 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 04188054 frs-bus:Director1 2023-04-01 2024-03-31 04188054 frs-core:CurrentFinancialInstruments 2 2024-03-31 04188054 frs-countries:EnglandWales 2023-04-01 2024-03-31 04188054 2022-03-31 04188054 2023-03-31 04188054 2022-04-01 2023-03-31 04188054 frs-core:CurrentFinancialInstruments 2023-03-31 04188054 frs-core:Non-currentFinancialInstruments 2023-03-31 04188054 frs-core:BetweenOneFiveYears 2023-03-31 04188054 frs-core:MotorVehicles 2022-04-01 2023-03-31 04188054 frs-core:WithinOneYear 2023-03-31 04188054 frs-core:ShareCapital 2023-03-31 04188054 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04188054 frs-core:CurrentFinancialInstruments 2 2023-03-31 04188054 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 04188054
Triton Media Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Desaur and Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04188054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 116,410 35,184
Investments 5 75,000 189,052
191,410 224,236
CURRENT ASSETS
Stocks 6 2,805,683 1,260,881
Debtors 7 702,107 644,813
Cash at bank and in hand 32,343 9,866
3,540,133 1,915,560
Creditors: Amounts Falling Due Within One Year 8 (3,105,580 ) (1,559,606 )
NET CURRENT ASSETS (LIABILITIES) 434,553 355,954
TOTAL ASSETS LESS CURRENT LIABILITIES 625,963 580,190
Creditors: Amounts Falling Due After More Than One Year 9 (197,009 ) (190,851 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,727 ) (8,796 )
NET ASSETS 416,227 380,543
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 416,225 380,541
SHAREHOLDERS' FUNDS 416,227 380,543
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Ms Saba Syed
Director
29/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Triton Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04188054 . The registered office is Unit 14B, Richfield Avenue, Reading, Berkshire, RG1 8EQ.
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. 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. 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.

2.3. 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:
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 8)
12 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 39,181 - 17,857 57,038
Additions 9,284 88,411 182 97,877
As at 31 March 2024 48,465 88,411 18,039 154,915
Depreciation
As at 1 April 2023 7,380 - 14,474 21,854
Provided during the period 4,109 11,651 891 16,651
As at 31 March 2024 11,489 11,651 15,365 38,505
Net Book Value
As at 31 March 2024 36,976 76,760 2,674 116,410
As at 1 April 2023 31,801 - 3,383 35,184
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 76,760 -
5. Investments
Subsidiaries
£
Cost
As at 1 April 2023 189,052
Fair value adjustments (114,052 )
As at 31 March 2024 75,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 75,000
As at 1 April 2023 189,052
Page 4
Page 5
6. Stocks
2024 2023
£ £
Finished goods 2,805,683 1,260,881
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 142,181 218,985
Prepayments and accrued income 255,590 156,511
Other debtors 85,574 36,100
Directors' loan accounts - 89,266
Amounts owed by subsidiaries 218,762 143,951
702,107 644,813
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,725 -
Trade creditors 1,295,360 432,127
Bank loans and overdrafts 1,187,250 810,677
Corporation tax 46,912 35,944
Other taxes and social security 6,244 9,627
VAT 258,379 142,201
Net wages 10,442 -
Pension payable (Current liabilities - creditors < 1 year) 876 637
Other creditors (2) 230,682 67,465
Other creditors (3) - 475
Accruals and deferred income 45,007 60,453
Directors' loan accounts 4,703 -
3,105,580 1,559,606
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 62,495 -
Bank loans 134,514 190,851
197,009 190,851
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,725 -
Later than one year and not later than five years 62,495 -
82,220 -
82,220 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 112,750 119,000
Later than one year and not later than five years 280,417 393,167
393,167 512,167
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Hira Syed 89,266 - 89,266 - -
The above loan is unsecured, interest payable at 2.25%. The loan was settlled during the year.
14. Related Party Transactions
Included in debtors is amount due from subsidiary undertaking of £218,762.00 (2023- £143,951).
The company recharged expenses to the subsidiary undertaking for the year totaling £150,000.00 (2023-£76,500.00).
15. Ultimate Controlling Party
The company's ultimate controlling party is Saba Syed by virtue of his ownership of 100% of the issued share capital in the company.
Page 6