Registered number
07634512
DATASAT MEDIA LTD
Filleted Accounts
31 May 2024
DATASAT MEDIA LTD
Registered number: 07634512
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 592 32,897
Tangible assets 4 90,906 194,411
91,498 227,308
Current assets
Debtors 5 210,019 497,117
Cash at bank and in hand 309,731 197,859
519,750 694,976
Creditors: amounts falling due within one year 6 (276,844) (298,706)
Net current assets 242,906 396,270
Total assets less current liabilities 334,404 623,578
Creditors: amounts falling due after more than one year 7 (3,779) (49,419)
Net assets 330,625 574,159
Capital and reserves
Called up share capital 100 100
Profit and loss account 330,525 574,059
Shareholders' funds 330,625 574,159
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 members have 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.
N Blewett
Director
Approved by the board on 28 May 2025
DATASAT MEDIA LTD
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 vehicles over 5 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 8 8
3 Intangible fixed assets £
Research and development:
Cost
At 1 June 2023 162,513
At 31 May 2024 162,513
Amortisation
At 1 June 2023 129,616
Provided during the year 32,305
At 31 May 2024 161,921
Net book value
At 31 May 2024 592
At 31 May 2023 32,897
Research and development is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures & Fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 28,887 292,716 132,865 454,468
Additions 1,170 6,348 - 7,518
At 31 May 2024 30,057 299,064 132,865 461,986
Depreciation
At 1 June 2023 24,360 156,950 78,747 260,057
Charge for the year 4,628 73,179 33,216 111,023
At 31 May 2024 28,988 230,129 111,963 371,080
Net book value
At 31 May 2024 1,069 68,935 20,902 90,906
At 31 May 2023 4,527 135,766 54,118 194,411
5 Debtors 2024 2023
£ £
Trade debtors 102,402 409,129
Other debtor - Scallywag 81,476 -
Deferred tax asset 16,141 -
Other debtors 10,000 87,988
210,019 497,117
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,617 13,092
Obligations under finance lease and hire purchase contracts 39,058 44,750
Director's loan account - NB 1,811 17,866
Director's loan account - SR 40,593 40,393
Director's loan account - RLS 6,000 (1,500)
Trade creditors 85,715 95,337
Taxation and social security costs 48,371 81,080
Accruals 3,353 1,225
Pensions 12,811 1,055
Other creditors 21,515 5,408
276,844 298,706
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 17,529
Obligations under finance lease and hire purchase contracts 3,779 31,890
3,779 49,419
8 Related party transactions
The following are movements in the shareholders' loan account:-
RLS Neil Susan
Communications Ltd Blewett Roberts
Opening balances 1,500 (17,866) (40,393)
Movements 27,500 51,055 34,800
Dividends (35,000) (35,000) (35,000)
(6,000) (1,811) (40,593)
9 Controlling party
The controlling parties are the Board of directors who are also the sole shareholders.
10 Other information
DATASAT MEDIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
Dawes Court House
Dawes Court
Esher
Surrey
KT10 9QD
DATASAT MEDIA LTD 07634512 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2025 N Blewett No description of principal activity 07634512 2022-06-01 2023-05-31 07634512 core:WithinOneYear 2023-05-31 07634512 core:AfterOneYear 2023-05-31 07634512 core:ShareCapital 2023-05-31 07634512 core:RetainedEarningsAccumulatedLosses 2023-05-31 07634512 2023-06-01 2024-05-31 07634512 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07634512 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07634512 bus:Director40 2023-06-01 2024-05-31 07634512 1 2023-06-01 2024-05-31 07634512 2 2023-06-01 2024-05-31 07634512 core:Goodwill 2023-06-01 2024-05-31 07634512 core:LandBuildings 2023-06-01 2024-05-31 07634512 core:PlantMachinery 2023-06-01 2024-05-31 07634512 core:Vehicles 2023-06-01 2024-05-31 07634512 countries:England 2023-06-01 2024-05-31 07634512 bus:FRS102 2023-06-01 2024-05-31 07634512 bus:FilletedAccounts 2023-06-01 2024-05-31 07634512 2024-05-31 07634512 core:WithinOneYear 2024-05-31 07634512 core:AfterOneYear 2024-05-31 07634512 core:ShareCapital 2024-05-31 07634512 core:RetainedEarningsAccumulatedLosses 2024-05-31 07634512 core:Goodwill 2024-05-31 07634512 core:LandBuildings 2024-05-31 07634512 core:PlantMachinery 2024-05-31 07634512 core:Vehicles 2024-05-31 07634512 2023-05-31 07634512 core:Goodwill 2023-05-31 07634512 core:LandBuildings 2023-05-31 07634512 core:PlantMachinery 2023-05-31 07634512 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure