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REGISTERED NUMBER: 12583695 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LOST MEDIA LTD

LOST MEDIA LTD (REGISTERED NUMBER: 12583695)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOST MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: O P Fereday
J P Fereday
J G Devonish





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 12583695 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

LOST MEDIA LTD (REGISTERED NUMBER: 12583695)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,889 4,441

CURRENT ASSETS
Debtors 5 40,826 16,758
Cash at bank 176,680 32,713
217,506 49,471
CREDITORS
Amounts falling due within one year 6 167,934 126,339
NET CURRENT ASSETS/(LIABILITIES) 49,572 (76,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,461

(72,427

)

CAPITAL AND RESERVES
Called up share capital 8 12 3
Retained earnings 55,449 (72,430 )
SHAREHOLDERS' FUNDS 55,461 (72,427 )

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

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

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 28 January 2025 and were signed on its behalf by:




J P Fereday - Director


LOST MEDIA LTD (REGISTERED NUMBER: 12583695)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Lost 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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
Computer equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

LOST MEDIA LTD (REGISTERED NUMBER: 12583695)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 820 6,450 7,270
Additions - 2,488 2,488
At 31 May 2024 820 8,938 9,758
DEPRECIATION
At 1 June 2023 316 2,513 2,829
Charge for year 76 964 1,040
At 31 May 2024 392 3,477 3,869
NET BOOK VALUE
At 31 May 2024 428 5,461 5,889
At 31 May 2023 504 3,937 4,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 4,765 6,316
VAT - 2,168
Prepayments and accrued income 36,061 8,274
40,826 16,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 7) - 1,063
Trade creditors 11,752 3,048
Tax 48,671 -
Social security and other taxes - 295
VAT 384 -
Other creditors 103,194 97,621
Net wages - 343
Directors' current accounts 1,933 22,509
Accrued expenses 2,000 1,460
167,934 126,339

LOST MEDIA LTD (REGISTERED NUMBER: 12583695)

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


7. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 1,063

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
12 Ordinary shares 1 12 3

9 Ordinary shares shares of 1 each were allotted and fully paid for cash at par during the year.