Company Registration No. 04454856 (England and Wales)
CLARO MEDIA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CLARO MEDIA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CLARO MEDIA LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,491
40,654
Current assets
Debtors
4
19,524
12,849
Cash at bank and in hand
141,488
138,741
161,012
151,590
Creditors: amounts falling due within one year
5
(22,394)
(32,191)
Net current assets
138,618
119,399
Total assets less current liabilities
169,109
160,053
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
169,108
160,052
Total equity
169,109
160,053
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 13 January 2025
Mr A E Martin-Verdinos
Director
Company Registration No. 04454856
CLARO MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Claro Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Fairfield Way, Epsom, Surrey, KT19 0EF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
2
CLARO MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
92,826
23,500
116,326
Depreciation and impairment
At 1 July 2023
53,937
21,735
75,672
Depreciation charged in the year
9,722
441
10,163
At 30 June 2024
63,659
22,176
85,835
Carrying amount
At 30 June 2024
29,167
1,324
30,491
At 30 June 2023
38,889
1,765
40,654
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,524
12,849
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,648
20,169
Corporation tax
7,518
5,135
Other taxation and social security
6,366
4,945
Other creditors
1,862
1,942
22,394
32,191