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Slam Media Limited

Financial Statements for the Year Ended 31 January 2024






Slam Media Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G R Lewis
A Llyr



REGISTERED OFFICE: 3rd Floor
46-48 Cardiff Road
Llandaff
Cardiff
CF5 2DT



REGISTERED NUMBER: 07133440 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: HSBC
56 Queen Street
Cardiff
CF10 2PX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Slam Media Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Slam Media Limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Slam Media Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Slam Media Limited and state those matters that we have agreed to state to the Board of Directors of Slam Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Slam Media Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Slam Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Slam Media Limited. You consider that Slam Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Slam Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


4 November 2024

Slam Media Limited (Registered number: 07133440)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 80,095 76,505

CURRENT ASSETS
Debtors 4 403,414 273,038
Cash at bank 1,262,775 747,121
1,666,189 1,020,159
CREDITORS
Amounts falling due within one year 5 651,192 165,021
NET CURRENT ASSETS 1,014,997 855,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,095,092

931,643

PROVISIONS FOR LIABILITIES 20,000 14,500
NET ASSETS 1,075,092 917,143

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,074,992 917,043
SHAREHOLDERS' FUNDS 1,075,092 917,143

Slam Media Limited (Registered number: 07133440)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





G R Lewis - Director


Slam Media Limited (Registered number: 07133440)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. 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 represents net invoiced sales of TV production services, excluding value added tax.

Turnover in respect of long term production contracts comprises the value of work done in the year, irrespective of the accounting period in which the invoice is raised, and exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 33% straight line
Camera Equipment - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Slam Media Limited (Registered number: 07133440)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Computer and Camera
Equipment fittings Equipment Totals
£ £ £ £
COST
At 1 February 2023 157,331 2,045 216,501 375,877
Additions 854 3,495 49,353 53,702
At 31 January 2024 158,185 5,540 265,854 429,579
DEPRECIATION
At 1 February 2023 134,082 2,045 163,245 299,372
Charge for year 15,734 777 33,601 50,112
At 31 January 2024 149,816 2,822 196,846 349,484
NET BOOK VALUE
At 31 January 2024 8,369 2,718 69,008 80,095
At 31 January 2023 23,249 - 53,256 76,505

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 265,120 96,029
Other debtors & prepayments 138,294 177,009
403,414 273,038

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 4,576 13,621
Taxes & social security costs 111,706 47,217
Other creditors & accruals 534,910 104,183
651,192 165,021