Company registration number 05277409 (England and Wales)
AB MULTIMEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AB MULTIMEDIA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
AB MULTIMEDIA LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
19,945
35,756
Current assets
Stocks
200
250
Debtors
5
270,887
185,186
Cash at bank and in hand
388,193
635,878
659,280
821,314
Creditors: amounts falling due within one year
6
(291,526)
(340,486)
Net current assets
367,754
480,828
Total assets less current liabilities
387,699
516,584
Provisions for liabilities
(4,988)
(8,941)
Net assets
382,711
507,643
Capital and reserves
Called up share capital
285
285
Capital redemption reserve
15
15
Profit and loss reserves
382,411
507,343
Total equity
382,711
507,643
AB MULTIMEDIA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 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 year in question in accordance with section 476.

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
Mr E H Burnand
Mr M N Bennett
Director
Director
Mr R H Sanford
Director
Company registration number 05277409 (England and Wales)
AB MULTIMEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

AB Multimedia Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services provided in the normal course of business, and is shown net of VAT. Turnover is adjusted for accrued and deferred income as appropriate.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Computers
25% reducing balance

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
Stocks

Stocks are valued at the lower of cost and net realisable value. Stock consists of general office consumables.

1.5
Equity instruments

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

AB MULTIMEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2024
2023
Number
Number
Total
18
22
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
213,828
Amortisation and impairment
At 1 January 2024 and 31 December 2024
213,828
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
AB MULTIMEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
192,097
Disposals
(154,823)
At 31 December 2024
37,274
Depreciation and impairment
At 1 January 2024
156,341
Depreciation charged in the year
6,666
Eliminated in respect of disposals
(145,678)
At 31 December 2024
17,329
Carrying amount
At 31 December 2024
19,945
At 31 December 2023
35,756
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
203,634
103,737
Other debtors
67,253
81,449
270,887
185,186
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
28,551
27,537
Taxation and social security
107,300
146,840
Other creditors
155,675
166,109
291,526
340,486
AB MULTIMEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

 

Description
% Rate
Opening balance
Interest charged
Amounts repaid
Closing balance
£
£
£
£
One director
2.25
35,413
710
(8,376)
27,747
35,413
710
(8,376)
27,747

The aforementioned advances are unsecured and repayable on demand.

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