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Company registration number: 14490243
And More Media Ltd
Unaudited filleted financial statements
31 August 2024
And More Media Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
And More Media Ltd
Directors and other information
Director Mr S Longley
Company number 14490243
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
And More Media Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of And More Media Ltd
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of And More Media Ltd for the year ended 31 August 2024 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of And More Media Ltd, as a body, in accordance with the terms of our engagement letter dated 1 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of And More Media Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than And More Media Ltd and its director as a body for our work or for this report.
It is your duty to ensure that And More Media Ltd 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 And More Media Ltd. You consider that And More Media Ltd 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 And More Media Ltd. 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.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
28 January 2025
And More Media Ltd
Statement of financial position
31 August 2024
31/08/24 31/08/23
Note £ £ £ £
Fixed assets
Intangible assets 5 2,895 5,791
_______ _______
2,895 5,791
Current assets
Debtors 6 32,094 34,367
Cash at bank and in hand 26,742 7,502
_______ _______
58,836 41,869
Creditors: amounts falling due
within one year 7 ( 36,853) ( 22,578)
_______ _______
Net current assets 21,983 19,291
_______ _______
Total assets less current liabilities 24,878 25,082
_______ _______
Net assets 24,878 25,082
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,778 24,982
_______ _______
Shareholder funds 24,878 25,082
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Mr S Longley
Director
Company registration number: 14490243
And More Media Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Combined other intangible assets - Straight line over three years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 September 2023 and 31 August 2024 8,687 8,687
_______ _______
Amortisation
At 1 September 2023 2,896 2,896
Charge for the year 2,896 2,896
_______ _______
At 31 August 2024 5,792 5,792
_______ _______
Carrying amount
At 31 August 2024 2,895 2,895
_______ _______
At 31 August 2023 5,791 5,791
_______ _______
6. Debtors
31/08/24 31/08/23
£ £
Trade debtors 31,179 33,468
Other debtors 915 899
_______ _______
32,094 34,367
_______ _______
7. Creditors: amounts falling due within one year
31/08/24 31/08/23
£ £
Trade creditors 863 1,092
Corporation tax 18,250 8,585
Social security and other taxes 3,038 1,086
Other creditors 14,702 11,815
_______ _______
36,853 22,578
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/08/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr S Longley ( 440) ( 2,680) ( 3,120)
_______ _______ _______
Period ended 31/08/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr S Longley - ( 440) ( 440)
_______ _______ _______
9. Related party transactions
During the period, the company received funds totalling £nil (2023 - £10,367) from Clear Concise Media Ltd, a company in which Mr S Longley is a director and shareholder. At 31 August 2024, there was a balance due from the company to Clear Concise Media Ltd of £10,367 (2023 - £10,367).