Company registration number 10104877 (England and Wales)
SOCIAL MEDIA ADVERTISING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SOCIAL MEDIA ADVERTISING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SOCIAL MEDIA ADVERTISING LIMITED (REGISTERED NUMBER: 10104877)
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
447
11,010
Current assets
Debtors
4
10,225
-
0
Cash at bank and in hand
3,193
2,063
13,418
2,063
Creditors: amounts falling due within one year
5
(36,668)
(79,962)
Net current liabilities
(23,250)
(77,899)
Total assets less current liabilities
(22,803)
(66,889)
Creditors: amounts falling due after more than one year
6
(928)
(1,362)
Net liabilities
(23,731)
(68,251)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(23,741)
(68,261)
Total equity
(23,731)
(68,251)

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

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

SOCIAL MEDIA ADVERTISING LIMITED (REGISTERED NUMBER: 10104877)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 2 December 2024
Miss C Jolly
Director
SOCIAL MEDIA ADVERTISING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Social Media Advertising Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 717, 8 Shepherd Market, Mayfair, London, W1J 7JY.

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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 

The company has ongoing support from the director and a connected company.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

 

Amortisation 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:

Website
20% straight line
1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

SOCIAL MEDIA ADVERTISING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Website
£
Cost
At 1 May 2023 and 30 April 2024
52,816
Amortisation and impairment
At 1 May 2023
41,806
Amortisation charged for the year
10,563
At 30 April 2024
52,369
Carrying amount
At 30 April 2024
447
At 30 April 2023
11,010
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
10,225
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
337
363
Trade creditors
408
-
0
Taxation and social security
159
-
0
Other creditors
35,764
79,599
36,668
79,962
SOCIAL MEDIA ADVERTISING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
928
1,362
7
Financial commitments, guarantees and contingent liabilities

During the year to 30 April 2022, the company borrowed £2,300 from its bankers for a bounce back loan. As part of its loan scheme the UK government has guaranteed the advance and will pay the interest and fees due for the first 12 months. As at the balance sheet date, the balance outstanding to the companies bankers was £1,265.

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