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Company Registration No. 07742499 (England and Wales)
SMSW Media Ltd Unaudited accounts for the period from 1 January 2023 to 30 April 2024
SMSW Media Ltd Unaudited accounts Contents
Page
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SMSW Media Ltd Company Information for the period from 1 January 2023 to 30 April 2024
Directors
S Wellstead L Brace
Company Number
07742499 (England and Wales)
Registered Office
Unit 11 Riverside Park, Dogflud Way Farnham GU9 7UG
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SMSW Media Ltd Statement of financial position as at 30 April 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,412 
7,000 
Current assets
Debtors
403,656 
405,668 
Cash at bank and in hand
612 
292 
404,268 
405,960 
Creditors: amounts falling due within one year
(107,586)
(146,691)
Net current assets
296,682 
259,269 
Total assets less current liabilities
306,094 
266,269 
Creditors: amounts falling due after more than one year
(75,741)
- 
Provisions for liabilities
Deferred tax
(1,040)
(1,040)
Net assets
229,313 
265,229 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
228,313 
264,229 
Shareholders' funds
229,313 
265,229 
For the period ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
L Brace Director Company Registration No. 07742499
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SMSW Media Ltd Notes to the Accounts for the period from 1 January 2023 to 30 April 2024
1
Statutory information
SMSW Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 07742499. The registered office is Unit 11, Riverside Park, Dogflud Way, Farnham, GU9 7UG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SMSW Media Ltd Notes to the Accounts for the period from 1 January 2023 to 30 April 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
43,637 
Additions
7,267 
At 30 April 2024
50,904 
Depreciation
At 1 January 2023
36,637 
Charge for the period
4,855 
At 30 April 2024
41,492 
Net book value
At 30 April 2024
9,412 
At 31 December 2022
7,000 
5
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,786 
51,894 
Amounts due from group undertakings etc.
323,600 
- 
Accrued income and prepayments
6,325 
100,233 
Other debtors
49,945 
253,541 
403,656 
405,668 
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SMSW Media Ltd Notes to the Accounts for the period from 1 January 2023 to 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Bank loans and overdrafts
47,216 
52,367 
VAT
22,694 
27,274 
Taxes and social security
30,435 
58,345 
Other creditors
7,225 
8,705 
Loans from directors
16 
- 
107,586 
146,691 
7
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Bank loans
75,741 
- 
8
Average number of employees
During the period the average number of employees was 4 (2022: 4).
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