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REGISTERED NUMBER: 11577426 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

TMG Media Limited

TMG Media Limited (Registered number: 11577426)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMG Media Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Bryant





REGISTERED OFFICE: Unit 17 Stirlin Business Park
185 Sadler Road
Lincoln
Lincolnshire
LN6 3AF





REGISTERED NUMBER: 11577426 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

TMG Media Limited (Registered number: 11577426)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,472 66,964
Tangible assets 5 348,470 404,343
385,942 471,307

CURRENT ASSETS
Stocks 15,000 -
Cash at bank 24,202 1,087
39,202 1,087
CREDITORS
Amounts falling due within one year 6 899,030 892,090
NET CURRENT LIABILITIES (859,828 ) (891,003 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(473,886

)

(419,696

)

PROVISIONS FOR LIABILITIES 66,209 -
NET LIABILITIES (540,095 ) (419,696 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (540,195 ) (419,796 )
SHAREHOLDERS' FUNDS (540,095 ) (419,696 )

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





S Bryant - Director


TMG Media Limited (Registered number: 11577426)

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

1. STATUTORY INFORMATION

TMG 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis on the grounds that the director and related companies will continue to provide support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Hire inventory - Straight line over 4 - 10 years

Hire inventory is held as property, plant and equipment and depreciated over its estimated useful life. The classification differs from other inventories held as the assets are retained by the group and hired to customers on a short term basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TMG Media Limited (Registered number: 11577426)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 148,387
Additions 232
At 31 January 2024 148,619
AMORTISATION
At 1 February 2023 81,423
Charge for year 29,724
At 31 January 2024 111,147
NET BOOK VALUE
At 31 January 2024 37,472
At 31 January 2023 66,964

TMG Media Limited (Registered number: 11577426)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Hire
fittings inventory Totals
£    £    £   
COST
At 1 February 2023 3,130 461,797 464,927
Disposals - (14,094 ) (14,094 )
At 31 January 2024 3,130 447,703 450,833
DEPRECIATION
At 1 February 2023 840 59,744 60,584
Charge for year 344 46,180 46,524
Eliminated on disposal - (4,745 ) (4,745 )
At 31 January 2024 1,184 101,179 102,363
NET BOOK VALUE
At 31 January 2024 1,946 346,524 348,470
At 31 January 2023 2,290 402,053 404,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 25,898
Trade creditors 32,186 24,239
Amounts owed to group undertakings 833,261 831,261
Taxation and social security 30,154 6,853
Other creditors 3,429 3,839
899,030 892,090

7. RELATED PARTY DISCLOSURES

During the period and in the past, the company made payments on behalf of Thoughtmix Online services Limited and Umbrella Brands Limited. At the period end £763,361 (2023: £761,361) was owed to Thoughtmix Online Services Limited, and £69,900 (2023: £69,900) was owed to Umbrella Brands.

8. ULTIMATE CONTROLLING PARTY

TMG Media Limited is 100% controlled by Umbrella Brands Limited.