11 01/03/2023 28/02/2024 2024-02-28 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC557421 2023-03-01 2024-02-28 SC557421 2024-02-28 SC557421 2023-02-28 SC557421 2022-03-01 2023-02-28 SC557421 2023-02-28 SC557421 2022-02-28 SC557421 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 SC557421 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 SC557421 core:MotorVehicles 2023-03-01 2024-02-28 SC557421 bus:RegisteredOffice 2023-03-01 2024-02-28 SC557421 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 SC557421 bus:Director1 2023-03-01 2024-02-28 SC557421 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 SC557421 core:FurnitureFittingsToolsEquipment 2023-02-28 SC557421 core:MotorVehicles 2023-02-28 SC557421 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-28 SC557421 core:FurnitureFittingsToolsEquipment 2024-02-28 SC557421 core:MotorVehicles 2024-02-28 SC557421 core:WithinOneYear 2024-02-28 SC557421 core:WithinOneYear 2023-02-28 SC557421 core:AfterOneYear 2024-02-28 SC557421 core:AfterOneYear 2023-02-28 SC557421 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 SC557421 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-28 SC557421 core:ShareCapital 2024-02-28 SC557421 core:ShareCapital 2023-02-28 SC557421 core:RetainedEarningsAccumulatedLosses 2024-02-28 SC557421 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC557421 core:ShareCapital 2022-02-28 SC557421 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC557421 core:PreviouslyStatedAmount core:ShareCapital 2024-02-28 SC557421 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 SC557421 core:FurnitureFittingsToolsEquipment 2023-02-28 SC557421 core:MotorVehicles 2023-02-28 SC557421 bus:SmallEntities 2023-03-01 2024-02-28 SC557421 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC557421 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC557421 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC557421 bus:FullAccounts 2023-03-01 2024-02-28
Company registration number: SC557421
Crunchy Carrots Media Ltd
Unaudited filleted financial statements
28 February 2024
Crunchy Carrots Media Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Crunchy Carrots Media Ltd
Directors and other information
Directors Mr Scott Henderson
Company number SC557421
Registered office Unit 49 Alloa Business Centre
67 Whins Road
Alloa
FK10 3RF
Accountant Arm in Arm Accounting Limited
Herkimer House
Mill Road Enterprise Park
Linlithgow
EH49 7SF
Crunchy Carrots Media Ltd
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 162,755 61,205
_______ _______
162,755 61,205
Current assets
Debtors 6 170,376 105,758
Cash at bank and in hand 44,658 24,758
_______ _______
215,034 130,516
Creditors: amounts falling due
within one year 7 ( 277,764) ( 110,937)
_______ _______
Net current (liabilities)/assets ( 62,730) 19,579
_______ _______
Total assets less current liabilities 100,025 80,784
Creditors: amounts falling due
after more than one year 8 ( 35,681) ( 47,364)
_______ _______
Net assets 64,344 33,420
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 64,343 33,419
_______ _______
Shareholders funds 64,344 33,420
_______ _______
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
Mr Scott Henderson
Director
Company registration number: SC557421
Crunchy Carrots Media Ltd
Statement of changes in equity
Year ended 28 February 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 March 2022 1 16,446 16,447
Profit for the year 84,973 84,973
_______ _______ _______
Total comprehensive income for the year - 84,973 84,973
Dividends paid and payable ( 68,000) ( 68,000)
_______ _______ _______
Total investments by and distributions to owners - ( 68,000) ( 68,000)
_______ _______ _______
At 28 February 2023 and 1 March 2023 1 33,419 33,420
Profit for the year 100,924 100,924
_______ _______ _______
Total comprehensive income for the year - 100,924 100,924
Dividends paid and payable ( 70,000) ( 70,000)
_______ _______ _______
Total investments by and distributions to owners - ( 70,000) ( 70,000)
_______ _______ _______
At 28 February 2024 1 64,343 64,344
_______ _______ _______
Crunchy Carrots Media Ltd
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 49 Alloa Business Centre, 67 Whins Road, Alloa, FK10 3RF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 10 % straight line
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 11 (2023: 8 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 292,383 193,049
Social security costs 23,096 15,603
Other pension costs 5,396 4,575
_______ _______
320,875 213,227
_______ _______
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 27,267 33,550 25,804 86,621
Additions - 114,990 - 114,990
_______ _______ _______ _______
At 28 February 2024 27,267 148,540 25,804 201,611
_______ _______ _______ _______
Depreciation
At 1 March 2023 4,718 14,249 6,451 25,418
Charge for the year 2,727 4,260 6,451 13,438
_______ _______ _______ _______
At 28 February 2024 7,445 18,509 12,902 38,856
_______ _______ _______ _______
Carrying amount
At 28 February 2024 19,822 130,031 12,902 162,755
_______ _______ _______ _______
At 28 February 2023 22,549 19,301 19,353 61,203
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 138,190 60,917
Other debtors 32,186 44,841
_______ _______
170,376 105,758
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 26,350 11,880
Corporation tax 40,506 41,494
Social security and other taxes 137,046 35,592
Other creditors 73,862 21,971
_______ _______
277,764 110,937
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 16,181 23,784
Other creditors 19,500 23,580
_______ _______
35,681 47,364
_______ _______