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Registration number: 04312330

Redback Media Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Redback Media Limited

Contents

Company Information

1

Balance sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Redback Media Limited

Company Information

Director

S Williams

Registered office

79A High Street
Teddington
England
TW11 8HG

Accountants

Shaw Gibbs Limited 79a High Street
Teddington
Middlesex
TW11 8HG

 

Redback Media Limited

(Registration number: 04312330)
Balance sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible fixed assets

4

7,015

8,954

Current assets

 

Debtors

5

12,955

22,157

Cash at bank and in hand

 

61,671

15,406

 

74,626

37,563

Creditors: Amounts falling due within one year

6

(28,023)

(16,674)

Net current assets

 

46,603

20,889

Total assets less current liabilities

 

53,618

29,843

Provisions for liabilities

(1,473)

(1,701)

Net assets

 

52,145

28,142

Share capital and reserves

 

Called up share capital

8

800

800

Retained earnings

51,345

27,342

Shareholders' funds

 

52,145

28,142

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and loss account.

The financial statements of Redback Media Limited were approved and authorised for issue by the director on 18 May 2025
 

.........................................

S Williams
Director

 

Redback Media Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

1

General information

Redback Media Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

Critical judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current income tax and deferred tax.

 

Redback Media Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024 (continued)

2

Accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, fixtures and fittings

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Redback Media Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024 (continued)

4

Tangible fixed assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

51,879

51,879

At 31 October 2024

51,879

51,879

Depreciation

At 1 November 2023

42,925

42,925

Charge for the year

1,939

1,939

At 31 October 2024

44,864

44,864

Carrying amount

At 31 October 2024

7,015

7,015

At 31 October 2023

8,954

8,954

5

Debtors

2024
£

2023
£

Trade receivables

11,968

19,488

Prepayments

987

971

Accrued income

-

1,698

12,955

22,157

 

Redback Media Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Social security and other taxes

 

9,280

5,418

Other creditors

 

809

337

Accruals

 

2,228

2,152

Income tax liability

15,706

8,767

 

28,023

16,674

7

Dividends

2024

2023

£

£

Interim dividend of £40.00 (2023 - £46.25) per ordinary share

32,000

37,000

 

 

8

Share capital and reserves

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

800

800

800

800