Company registration number 14996855 (England and Wales)
THE SWANKY MEDIA GROUP LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JULY 2024
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
THE SWANKY MEDIA GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
THE SWANKY MEDIA GROUP LTD
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
505
Current assets
Debtors
4
238
Creditors: amounts falling due within one year
5
(2,987)
Net current liabilities
(2,749)
Net liabilities
(2,244)
Capital and reserves
Called up share capital
1
Profit and loss reserves
(2,245)
Total equity
(2,244)

For the financial period ended 31 July 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 of its financial statements for the period in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 4 April 2025
Mrs S M Morris
Director
Company registration number 14996855 (England and Wales)
THE SWANKY MEDIA GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

The Swanky Media Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 20 Isaacs Close, Poole, Dorset, BH12 5HE.

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.

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.

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
5 year straight line
Computers
3 year straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Financial instruments
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

THE SWANKY MEDIA GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 11 July 2023
-
0
Additions
615
At 31 July 2024
615
Depreciation and impairment
At 11 July 2023
-
0
Depreciation charged in the period
110
At 31 July 2024
110
Carrying amount
At 31 July 2024
505
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
238
5
Creditors: amounts falling due within one year
2024
£
Bank loans and overdrafts
36
Trade creditors
238
Other creditors
2,713
2,987
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