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REGISTERED NUMBER: 08030836 (England and Wales)















VELVET APPLE MEDIA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






VELVET APPLE MEDIA LIMITED (REGISTERED NUMBER: 08030836)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VELVET APPLE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Miss J G Burke





REGISTERED OFFICE: Suite 3.4
Bank Studios
Park Royal Road
London
NW10 7LQ





REGISTERED NUMBER: 08030836 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

VELVET APPLE MEDIA LIMITED (REGISTERED NUMBER: 08030836)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 855 1,140

CURRENT ASSETS
Debtors 5 16,263 16,263
Cash at bank 5,462 5,681
21,725 21,944
CREDITORS
Amounts falling due within one year 6 (29,840 ) (22,366 )
NET CURRENT LIABILITIES (8,115 ) (422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,260

)

718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,360 ) 618
SHAREHOLDERS' FUNDS (7,260 ) 718

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Miss J G Burke - Director


VELVET APPLE MEDIA LIMITED (REGISTERED NUMBER: 08030836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Velvet Apple Media Limited 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.
Fixture & Fittings - 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,261 13,907 15,168
DEPRECIATION
At 1 May 2023 1,136 12,892 14,028
Charge for year 31 254 285
At 30 April 2024 1,167 13,146 14,313
NET BOOK VALUE
At 30 April 2024 94 761 855
At 30 April 2023 125 1,015 1,140

VELVET APPLE MEDIA LIMITED (REGISTERED NUMBER: 08030836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry debtors 14,500 14,500
Prepayments 1,763 1,763
16,263 16,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,428 -
Other loans 22,578 15,429
VAT 1,670 1,899
Directors' current accounts 835 3,124
Accrued expenses 2,329 1,914
29,840 22,366

7. ULTIMATE CONTROLLING PARTY

The controlling party is Miss J G Burke.