2023-08-142024-08-312024-08-31false15070265SEAGLASS MEDIA 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SEAGLASS MEDIA LTD

Registered Number
15070265
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

SEAGLASS MEDIA LTD
Company Information
for the period from 14 August 2023 to 31 August 2024

Director

LOYNES, Dale

Company Secretary

LOYNES, Dale

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

15070265 (England and Wales)
SEAGLASS MEDIA LTD
Balance Sheet as at
31 August 2024

Notes

2024

£

£

Fixed assets
Tangible assets39,526
9,526
Current assets
Debtors4173
Cash at bank and on hand1,407
1,580
Creditors amounts falling due within one year5(9,104)
Net current assets (liabilities)(7,524)
Total assets less current liabilities2,002
Net assets2,002
Capital and reserves
Profit and loss account2,002
Shareholders' funds2,002
The financial statements were approved and authorised for issue by the Director on 21 March 2025, and are signed on its behalf by:
LOYNES, Dale
Director
Registered Company No. 15070265
SEAGLASS MEDIA LTD
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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 policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Total

£
Cost or valuation
Additions11,207
At 31 August 2411,207
Depreciation and impairment
Charge for year1,681
At 31 August 241,681
Net book value
At 31 August 249,526
At 13 August 23-
4.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables173
Total173
5.Creditors: amounts due within one year

2024

£
Bank borrowings and overdrafts8,504
Accrued liabilities and deferred income600
Total9,104
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
LOYNES, Dale012,8404,5368,304
012,8404,5368,304
The directors' current account balance included within creditors of £8,304 has no fixed date for repayment, is repayable upon demand and is non-interest bearing.