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Logo On Report
Registered Number: SC581670
England and Wales

 

 

 

NO LOGO MEDIA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Nicholas Guy
Registered Number SC581670
Registered Office 80 George Street
Edinburgh
EH2 3BU
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 22,488    31,917 
22,488    31,917 
Current assets      
Debtors 4 376,405    370,673 
Cash at bank and in hand 213,536    100,829 
589,941    471,502 
Creditors: amount falling due within one year 5 (410,683)   (304,415)
Net current assets 179,258    167,087 
 
Total assets less current liabilities 201,746    199,004 
Creditors: amount falling due after more than one year 6 (3,135)   (9,404)
Provisions for liabilities 7 (4,273)  
Net assets 194,338    189,600 
 

Capital and reserves
     
Called up share capital 108    108 
Profit and loss account 194,230    189,492 
Shareholders' funds 194,338    189,600 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 24 January 2025 and were signed by:


-------------------------------
Nicholas Guy
Director
2
General Information
No Logo Media Limited is a private company, limited by shares, registered in England and Wales, registration number SC581670, registration address 80 George Street, Edinburgh, EH2 3BU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 19 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 29,622    20,721    50,343 
Additions 283    406    689 
Disposals (836)   (1,108)   (1,944)
At 31 March 2024 29,069    20,019    49,088 
Depreciation
At 01 April 2023 6,846    11,580    18,426 
Charge for year 4,465    5,043    9,508 
On disposals (477)   (857)   (1,334)
At 31 March 2024 10,834    15,766    26,600 
Net book values
Closing balance as at 31 March 2024 18,235    4,253    22,488 
Opening balance as at 01 April 2023 22,776    9,141    31,917 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 290,688    326,045 
Prepayments & Accrued Income 47,924    8,923 
Other Debtors 32,122    32,122 
VAT 5,671    3,583 
376,405    370,673 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 312,335    284,056 
Bank Loans & Overdrafts (Secured) 6,270    6,270 
Corporation Tax 1,366   
PAYE & Social Security 13,156   
Accrued Expenses   1,300 
Other Creditors 1,537    4,335 
Wages & Salaries Control Account 37,649   
Pension Control Account 2,053    3,547 
Loan due to connected parties 2,340   
Directors' Current Accounts 33,977    4,907 
410,683    304,415 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 3,135    9,404 
3,135    9,404 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 4,273   
4,273   

8.

Director’s loan

Company loans provided by director

As at the balance sheet date, the company owed the company director a total of £33,977 (2023: £4,907).
The loans provided are interest free and repayable on demand. 
3