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Company No: 06649751 (England and Wales)

QUARRYFIELD MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

QUARRYFIELD MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

QUARRYFIELD MEDIA LIMITED

BALANCE SHEET

As at 31 December 2024
QUARRYFIELD MEDIA LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,389 2,365
1,389 2,365
Current assets
Debtors 4 20,093 32,296
Cash at bank and in hand 11,761 9,027
31,854 41,323
Creditors: amounts falling due within one year 5 ( 8,176) ( 9,420)
Net current assets 23,678 31,903
Total assets less current liabilities 25,067 34,268
Net assets 25,067 34,268
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 25,066 34,267
Total shareholder's funds 25,067 34,268

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Quarryfield Media Limited (registered number: 06649751) were approved and authorised for issue by the Director on 16 June 2025. They were signed on its behalf by:

Mr T Fairgrieve
Director
QUARRYFIELD MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
QUARRYFIELD MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quarryfield Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Quarryfield, Hale Purlieu, Fordingbridge, SP6 2NN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of consideration received or receivable for provision of services in the ordinary course of the company's activities.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2024 6,997 6,997
At 31 December 2024 6,997 6,997
Accumulated depreciation
At 01 January 2024 4,632 4,632
Charge for the financial year 976 976
At 31 December 2024 5,608 5,608
Net book value
At 31 December 2024 1,389 1,389
At 31 December 2023 2,365 2,365

4. Debtors

2024 2023
£ £
Trade debtors 0 7,628
Other debtors 20,093 24,668
20,093 32,296

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 2,280 2,112
Taxation and social security 5,860 7,298
Other creditors 36 10
8,176 9,420

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advances to Directors 19,850 24,335

The maximum amount the director's current account was overdrawn in the year was £31,306 (2023: £24,335). This loan is repayable on demand. Interest has been charged at 2.25%.