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REGISTERED NUMBER: 06951101 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

SQUEEZED MEDIA LTD

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SQUEEZED MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R Irving
Ms K Fairclough





REGISTERED OFFICE: 167-169 Great Portland Street
Fifth Floor
London
W1W 5PF





REGISTERED NUMBER: 06951101 (England and Wales)






SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,496 36,979

CURRENT ASSETS
Stocks 5 42,705 86,693
Debtors 6 402,185 38,580
Cash at bank and in hand 197,227 316,357
642,117 441,630
CREDITORS
Amounts falling due within one year 7 (158,285 ) (98,466 )
NET CURRENT ASSETS 483,832 343,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,328

380,143

PROVISIONS FOR LIABILITIES (4,624 ) (9,245 )
NET ASSETS 497,704 370,898

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 497,604 370,798
SHAREHOLDERS' FUNDS 497,704 370,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

BALANCE SHEET - continued
31ST JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th February 2025 and were signed on its behalf by:




R Irving - Director



Ms K Fairclough - Director


SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Squeezed Media Ltd 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.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 9 (2023 - 10 ) .

SQUEEZED MEDIA LTD (REGISTERED NUMBER: 06951101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st August 2023 83,781
Disposals (27,716 )
At 31st July 2024 56,065
DEPRECIATION
At 1st August 2023 46,802
Charge for year 6,166
Eliminated on disposal (15,399 )
At 31st July 2024 37,569
NET BOOK VALUE
At 31st July 2024 18,496
At 31st July 2023 36,979

5. STOCKS
2024 2023
£    £   
Work-in-progress 42,705 86,693

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,240 28,396
Other debtors and prepayments 15,945 10,184
Other Loans 350,000 -
402,185 38,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,595 12,195
Tax 67,531 14,566
Social security and other taxes 7,501 8,638
VAT 26,802 35,114
Other creditors and accruals 23,213 25,642
Directors' current accounts 2,643 2,311
158,285 98,466

8. RELATED PARTY DISCLOSURES

During the year, the company provided a loan of £350,000 to Arrk Property Ltd, a company controlled by the directors. At the year-end, the outstanding balance was £350,000 (2023 Nil).