Defined Media Limited 31/12/2020 iXBRL

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Company registration number: 11612530

Defined Media Limited

Unaudited filleted financial statements

31 December 2020

Defined Media Limited

Contents

Statement of financial position

Notes to the financial statements

Defined Media Limited

Statement of financial position

31 December 2020

		31/12/20		31/12/19
	Note	£	£	£	£

Current assets
Debtors	4	972,073		170,460
Cash at bank and in hand		84,597		738,375
		_______		_______
		1,056,670		908,835
Creditors: amounts falling due
within one year	5	( 1,039,738)		( 908,002)
		_______		_______
Net current assets			16,932		833
			_______		_______
Total assets less current liabilities			16,932		833

			_______		_______
Net assets			16,932		833
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			16,832		733
			_______		_______
Shareholders funds			16,932		833
			_______		_______

For the year ending 31 December 2020 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 March 2021 , and are signed on behalf of the board by:

Mr B P Dewhurst Mr P C Rockliffe

Director Director

Company registration number: 11612530

Defined Media Limited

Notes to the financial statements

Year ended 31 December 2020

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Marlborough Road, West Sussex, BN15 8AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Debtors

	31/12/20	31/12/19
	£	£
Trade debtors	-	75,029
Other debtors	972,073	95,431
	_______	_______
	972,073	170,460
	_______	_______

5. Creditors: amounts falling due within one year

	31/12/20	31/12/19
	£	£
Corporation tax	3,776	173
Social security and other taxes	-	45,482
Other creditors	1,035,962	862,347
	_______	_______
	1,039,738	908,002
	_______	_______

6. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

Year ended 31/12/20
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr B P Dewhurst	( 450)	( 9,724)	( 10,174)
	Mr P C Rockliffe	( 3,141)	( 40)	( 3,181)
		_______	_______	_______
		( 3,591)	( 9,764)	( 13,355)
		_______	_______	_______

Period ended 31/12/19
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr B P Dewhurst	-	( 450)	( 450)
	Mr P C Rockliffe	-	( 3,141)	( 3,141)
		_______	_______	_______
		-	( 3,591)	( 3,591)
		_______	_______	_______