Company Registration No. 10274076 (England and Wales)
Universal Media Limited
Unaudited accounts
for the year ended 30 June 2024
Universal Media Limited
Unaudited accounts
Contents
Universal Media Limited
Statement of financial position
as at 30 June 2024
Tangible assets
7,295
8,021
Cash at bank and in hand
12,585
15,399
Creditors: amounts falling due within one year
(220,120)
(247,768)
Net current (liabilities)/assets
(59,615)
9,311
Total assets less current liabilities
(52,320)
17,332
Creditors: amounts falling due after more than one year
(32,250)
(25,308)
Net liabilities
(84,570)
(7,976)
Called up share capital
100
100
Profit and loss account
(84,670)
(8,076)
Shareholders' funds
(84,570)
(7,976)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
A J Palmer
Director
Company Registration No. 10274076
Universal Media Limited
Notes to the Accounts
for the year ended 30 June 2024
Universal Media Limited is a private company, limited by shares, registered in England and Wales, registration number 10274076. The registered office is Watling Court Orbital Plaza, Watling Street, Bridgtown, WS11 0EL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The financial statements have been prepared on the going concern basis. The directors are confident that the company can continue to trade profitably and meet debts as they fall due for a period of at least twelve months from the date of this report.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents net amounts due from advertising and other related income. Income is recognised at the date of publication.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, was amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.
Universal Media Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
147,920
241,680
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
22,129
10,127
Trade creditors
109,205
98,043
Taxes and social security
57,607
64,321
Other creditors
2,942
2,333
Deferred income
27,837
71,671
Universal Media Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 15 (2023: 16).