Registered number
09686622
Unity Media Eastern Limited
Filleted Accounts
30 June 2024
Unity Media Eastern Limited
Registered number: 09686622
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 140,063 58,446
Investments 4 317,585 282,713
457,648 341,159
Current assets
Debtors 5 339,746 417,195
Cash at bank and in hand 550,616 940,169
890,362 1,357,364
Creditors: amounts falling due within one year 6 (418,730) (837,485)
Net current assets 471,632 519,879
Total assets less current liabilities 929,280 861,038
Creditors: amounts falling due after more than one year 7 (116,590) (98,228)
Provisions for liabilities (35,016) (14,612)
Net assets 777,674 748,198
Capital and reserves
Called up share capital 1 1
Profit and loss account 777,673 748,197
Shareholder's funds 777,674 748,198
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 A Pattenden
Director
Approved by the board on 24 April 2025
Unity Media Eastern Limited
Notes to the Accounts
for the year ended 30 June 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 37 33
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 159,646 12,250 171,896
Additions 18,977 122,500 141,477
Disposals (58,061) - (58,061)
At 30 June 2024 120,562 134,750 255,312
Depreciation
At 1 July 2023 104,263 9,187 113,450
Charge for the year 22,515 18,375 40,890
On disposals (39,091) - (39,091)
At 30 June 2024 87,687 27,562 115,249
Net book value
At 30 June 2024 32,875 107,188 140,063
At 30 June 2023 55,383 3,063 58,446
4 Investments
Other
investments
£
Cost
At 1 July 2023 282,713
Additions 34,872
At 30 June 2024 317,585
5 Debtors 2024 2023
£ £
Trade debtors 112,387 175,187
Amounts owed by group undertakings and undertakings in which the company has a participating interest 3,063 2,522
Prepayments 19,203 8,897
Director's loan account 163,188 194,775
Other debtors 41,905 35,814
339,746 417,195
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 67,871 61,377
Obligations under finance lease and hire purchase contracts 15,376 -
Trade creditors 40,713 49,929
Amounts owed to group undertakings and undertakings in which the company has a participating interest 50,861 361,792
Accruals 13,748 14,132
Taxation and social security costs 217,183 323,745
Other creditors 12,978 26,510
418,730 837,485
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,357 98,228
Obligations under finance lease and hire purchase contracts 86,233 -
116,590 98,228
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 74,372 49,170
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr A Pattenden
Interest charged at 2.25%, loan repayable on demand 194,775 - (31,587) 163,188
194,775 - (31,587) 163,188
10 Related party transactions
The Company qualifies for the exempton under FRS102 to not disclose transactions between wholly owned group members
11 Controlling party
Unity Media Eastern Limited is a wholly owned subsidiary of Pattenden Holdings Limited.
12 Other information
Unity Media Eastern Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bury Lodge
Bury Road
Stowmarket
Suffolk
IP14 1JA
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