IRIS Accounts Production v24.3.2.46 08181967 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081819672023-06-30081819672024-06-30081819672023-07-012024-06-30081819672022-06-30081819672022-07-012023-06-30081819672023-06-3008181967ns15:EnglandWales2023-07-012024-06-3008181967ns14:PoundSterling2023-07-012024-06-3008181967ns10:Director12023-07-012024-06-3008181967ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008181967ns10:SmallEntities2023-07-012024-06-3008181967ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008181967ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008181967ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008181967ns10:FullAccounts2023-07-012024-06-3008181967ns10:Director22023-07-012024-06-3008181967ns10:RegisteredOffice2023-07-012024-06-3008181967ns5:CurrentFinancialInstruments2024-06-3008181967ns5:CurrentFinancialInstruments2023-06-3008181967ns5:Non-currentFinancialInstruments2024-06-3008181967ns5:Non-currentFinancialInstruments2023-06-3008181967ns5:ShareCapital2024-06-3008181967ns5:ShareCapital2023-06-3008181967ns5:SharePremium2024-06-3008181967ns5:SharePremium2023-06-3008181967ns5:RetainedEarningsAccumulatedLosses2024-06-3008181967ns5:RetainedEarningsAccumulatedLosses2023-06-3008181967ns5:LandBuildings2023-06-3008181967ns5:LeaseholdImprovements2023-06-3008181967ns5:PlantMachinery2023-06-3008181967ns5:LandBuildings2023-07-012024-06-3008181967ns5:LeaseholdImprovements2023-07-012024-06-3008181967ns5:PlantMachinery2023-07-012024-06-3008181967ns5:LandBuildings2024-06-3008181967ns5:LeaseholdImprovements2024-06-3008181967ns5:PlantMachinery2024-06-3008181967ns5:LandBuildings2023-06-3008181967ns5:LeaseholdImprovements2023-06-3008181967ns5:PlantMachinery2023-06-3008181967ns5:FurnitureFittings2023-06-3008181967ns5:MotorVehicles2023-06-3008181967ns5:ComputerEquipment2023-06-3008181967ns5:FurnitureFittings2023-07-012024-06-3008181967ns5:MotorVehicles2023-07-012024-06-3008181967ns5:ComputerEquipment2023-07-012024-06-3008181967ns5:FurnitureFittings2024-06-3008181967ns5:MotorVehicles2024-06-3008181967ns5:ComputerEquipment2024-06-3008181967ns5:FurnitureFittings2023-06-3008181967ns5:MotorVehicles2023-06-3008181967ns5:ComputerEquipment2023-06-3008181967ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008181967ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 08181967 (England and Wales)










Advertiser and Times Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Advertiser and Times Limited (Registered number: 08181967)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Advertiser and Times Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C E Curry
Mrs C Z Woodford





REGISTERED OFFICE: 34 Lonnen Road
Wimborne
Dorset
BH21 7AX





REGISTERED NUMBER: 08181967 (England and Wales)

Advertiser and Times Limited (Registered number: 08181967)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 407,340 1,588,046

CURRENT ASSETS
Debtors 6 305 81,443
Cash at bank and in hand 1,385,431 45,195
1,385,736 126,638
CREDITORS
Amounts falling due within one year 7 (193,811 ) (22,225 )
NET CURRENT ASSETS 1,191,925 104,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,599,265

1,692,459

CREDITORS
Amounts falling due after more than one year 8 - (20,000 )

PROVISIONS FOR LIABILITIES - (4,674 )
NET ASSETS 1,599,265 1,667,785

CAPITAL AND RESERVES
Share capital 151,250 151,250
Share premium reserve 2,824,984 2,824,984
Retained earnings (1,376,969 ) (1,308,449 )
SHAREHOLDERS' FUNDS 1,599,265 1,667,785

Advertiser and Times Limited (Registered number: 08181967)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 March 2025 and were signed on its behalf by:





C E Curry - Director


Advertiser and Times Limited (Registered number: 08181967)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Lonnen Road
Wimborne
Dorset
BH21 7AX

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The company's functional and presentational currency is pound sterling.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Freehold landNot depreciated
Freehold buildings4% straight line basis
Plant and machinery10% straight line basis
Fixtures and fittings10% straight line basis
Motor vehicles25% reducing balance basis
Office equipment33.33% straight line basis
Cameras & recording equipment10% straight line basis


Advertiser and Times Limited (Registered number: 08181967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Advertiser and Times Limited (Registered number: 08181967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Advertiser and Times Limited (Registered number: 08181967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE ASSETS
Camera &
Freehold recording Plant and
property equipment machinery
£    £    £   
COST
At 1 July 2023 1,918,789 3,016 66,759
Disposals (1,456,731 ) (3,016 ) (66,759 )
At 30 June 2024 462,058 - -
DEPRECIATION
At 1 July 2023 349,436 1,445 54,132
Charge for year 5,013 - -
Eliminated on disposal (299,731 ) (1,445 ) (54,132 )
At 30 June 2024 54,718 - -
NET BOOK VALUE
At 30 June 2024 407,340 - -
At 30 June 2023 1,569,353 1,571 12,627

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,631 1,850 62,598 2,058,643
Disposals (5,631 ) (1,850 ) (62,598 ) (1,596,585 )
At 30 June 2024 - - - 462,058
DEPRECIATION
At 1 July 2023 1,363 1,623 62,598 470,597
Charge for year - - - 5,013
Eliminated on disposal (1,363 ) (1,623 ) (62,598 ) (420,892 )
At 30 June 2024 - - - 54,718
NET BOOK VALUE
At 30 June 2024 - - - 407,340
At 30 June 2023 4,268 227 - 1,588,046

Advertiser and Times Limited (Registered number: 08181967)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 39,280
VAT - 42,163
Prepayments and accrued income 305 -
305 81,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Coronavirus Bounce Back Loan - 10,000
Trade creditors 1,425 5,025
VAT 188,601 -
Corporation tax liability (48 ) (48 )
Social security and other taxes 670 670
Other creditors 313 4,328
Accruals and deferred income 2,850 2,250
193,811 22,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Coronavirus Bounce Back Loan - 20,000