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Registration number: 09557283

One Agency Media Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 April 2024

 

One Agency Media Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 8

 

One Agency Media Limited

(Registration number: 09557283)
Balance Sheet as at 29 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

175,024

142,078

Current assets

 

Debtors

5

3,374,826

3,018,110

Cash at bank and in hand

 

155,704

353,444

 

3,530,530

3,371,554

Creditors: Amounts falling due within one year

6

(3,101,088)

(2,503,901)

Net current assets

 

429,442

867,653

Total assets less current liabilities

 

604,466

1,009,731

Creditors: Amounts falling due after more than one year

6

(11,732)

(21,669)

Provisions for liabilities

(19,095)

(19,095)

Net assets

 

573,639

968,967

Capital and reserves

 

Called up share capital

77

77

Retained earnings

573,562

968,890

Shareholders' funds

 

573,639

968,967

 

One Agency Media Limited

(Registration number: 09557283)
Balance Sheet as at 29 April 2024

For the financial year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
Mr D J McCormick
Director

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 14 The School House Third Avenue
Trafford Park
Manchester
M17 1JE

These financial statements were authorised for issue by the Board on 20 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The accounts have been prepared on a going concern basis.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

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

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

Depreciation

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

Plant & machinery

25% Straight line

Fixtures & fittings

25% Straight line

Motor vehicles

25% Straight line

Office equipment

25% Straight line

Leasehold Improvements

20% Straight line

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2023 - 44).

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant &
Machinery
£

Total
£

Cost or valuation

At 30 April 2023

49,672

155,628

29,812

117,683

352,795

Additions

-

29,437

126,829

13,009

169,275

Disposals

-

-

(75,500)

-

(75,500)

At 29 April 2024

49,672

185,065

81,141

130,692

446,570

Depreciation

At 30 April 2023

9,934

76,331

29,812

94,640

210,717

Charge for the year

9,935

32,592

23,829

8,630

74,986

Eliminated on disposal

-

-

(14,157)

-

(14,157)

At 29 April 2024

19,869

108,923

39,484

103,270

271,546

Carrying amount

At 29 April 2024

29,803

76,142

41,657

27,422

175,024

At 29 April 2023

39,738

79,297

-

23,043

142,078

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

421,447

649,844

Prepayments

242,115

374,224

Other debtors

2,711,264

1,994,042

 

3,374,826

3,018,110

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

289,406

10,648

Trade creditors

 

1,151,434

1,741,357

Social security and other taxes

 

220,093

104,753

Outstanding defined contribution pension costs

 

7,889

11,590

Accruals

 

1,040,332

225,923

Income tax liability

391,934

409,630

 

3,101,088

2,503,901

Due after one year

 

Loans and borrowings

11,732

21,669

The company assets are secured by fixed and floating charges in favour of National Westminister Bank PLC dated 3 August 2020 and Bizlend Ltd dated 8 April 2024.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11,732

21,669

 

One Agency Media Limited

Notes to the Financial Statements for the Year Ended 29 April 2024

7

Related party transactions



Transactions with directors

2024

At 30 April 2023
£

Advances to director
£

Repayments by director
£

At 29 April 2024
£

Mrs V M E Butterworth

Monies owed (to)/from the company (from)/to the director

(149,803)

(217,629)

205,550

(161,882)

-

-

-

-

(149,803)

(217,629)

205,550

(161,882)

Mr D J McCormick

Monies owed (to)/from the company (from(/to the director

(111,533)

(249,225)

244,287

(116,471)

-

-

-

-

(111,533)

(249,225)

244,287

(116,471)

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 29 April 2023
£

Mrs V M E Butterworth

Monies owed (to)/from the company (from)/to the director

(119,209)

(196,145)

165,550

(149,803)

(119,209)

(196,145)

165,550

(149,803)

Mr D J McCormick

Monies owed (to)/from the company (from(/to the director

(157,951)

(211,397)

257,815

(111,533)

(157,951)

(211,397)

257,815

(111,533)