Registered number
09162331
CreateLondon Media Ltd
Filleted Accounts
31 August 2024
CreateLondon Media Ltd
Registered number: 09162331
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 68,145 72,045
Current assets
Debtors 4 142,574 77,583
Cash at bank and in hand 743,021 426,321
885,595 503,904
Creditors: amounts falling due within one year 5 (611,615) (175,583)
Net current assets 273,980 328,321
Total assets less current liabilities 342,125 400,366
Creditors: amounts falling due after more than one year 6 (53,374) (82,435)
Net assets 288,751 317,931
Capital and reserves
Called up share capital 6 6
Profit and loss account 288,745 317,925
Shareholder's funds 288,751 317,931
The directors are 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 directors acknowledge their 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.
Thomas Ernest Jonathan Scott
Director
Approved by the board on 28 May 2025
CreateLondon Media Ltd
Notes to the Accounts
for the year ended 31 August 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:
Motor vehicle 20% straight line
Office equipment 25% straight line
Computer equipment 33.33% straight line
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.
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 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 9,168 118,599 127,767
Additions 4,327 38,412 42,739
Disposals - (48,900) (48,900)
At 31 August 2024 13,495 108,111 121,606
Depreciation
At 1 September 2023 3,271 52,451 55,722
Charge for the year 3,652 20,982 24,634
On disposals - (26,895) (26,895)
At 31 August 2024 6,923 46,538 53,461
Net book value
At 31 August 2024 6,572 61,573 68,145
At 31 August 2023 5,897 66,148 72,045
4 Debtors 2024 2023
£ £
Trade debtors 141,949 73,151
Other debtors 625 4,432
142,574 77,583
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,893 32,725
Trade creditors 244,173 35,457
Taxation and social security costs 228,127 83,390
Other creditors 108,422 24,011
611,615 175,583
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 53,374 82,435
7 Call up Share Capital
No of shares £
Allotted, issued and fully paid :
A Ordinary shares of par value of @ £0.05 each
At 1 September 2023 100 5
Share issued in year - B Ordinary shares par value of @ £0.05 each 21 1
At 31 August 2024 121 6
8 Other information
CreateLondon Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hersham Technology Park
Croxley Cottage Cobbetts Hill
Walton-On-Thames
England
KT12 4RZ
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