Registered number
04535649
NDL Media Limited
Filleted Accounts
30 March 2024
NDL Media Limited
Registered number: 04535649
Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 1 1
2 2
Current assets
Stocks 12,827 10,827
Debtors 5 24,365 26,962
Cash at bank and in hand 69 -
37,261 37,789
Creditors: amounts falling due within one year 6 (70,084) (35,823)
Net current (liabilities)/assets (32,823) 1,966
Total assets less current liabilities (32,821) 1,968
Creditors: amounts falling due after more than one year 7 (14,807) (25,322)
Net liabilities (47,628) (23,354)
Capital and reserves
Called up share capital 500 500
Profit and loss account (48,128) (23,854)
Shareholders' funds (47,628) (23,354)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. G Carr
Director
Approved by the board on 15 March 2025
NDL Media Limited
Notes to the Accounts
for the period from 1 April 2023 to 30 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill over 20 years
Stocks & work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Work in progress includes a relevant proportion of overheads according to the stage of manufacture/completion.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Grants
Grants which relate to revenue are recognised as income in the period the related costs are incurred and for which the grant is intended to compensate. Grants which are received for compensation for expenses or losses which have already been incurred is recognised as income when it is received or receivable.
Grants which relate to assets are recognised in income on a systematic basis over the useful life of the asset.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 84,300
At 30 March 2024 84,300
Amortisation
At 1 April 2023 84,299
At 30 March 2024 84,299
Net book value
At 30 March 2024 1
At 31 March 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Fixtures & equipment
£
Cost
At 1 April 2023 15,521
At 30 March 2024 15,521
Depreciation
At 1 April 2023 15,520
At 30 March 2024 15,520
Net book value
At 30 March 2024 1
At 31 March 2023 1
5 Debtors 2024 2023
£ £
Trade & other debtors 24,365 26,962
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade & other creditors 70,084 35,823
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan - unsecured 14,807 25,322
8 Other information
NDL Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
Team Valley Business Centre
Kingsway South
Team Valley
Gateshead
NE11 0QH
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