Defined Media Limited 31/12/2021 iXBRL

Defined Media Limited 31/12/2021 iXBRL

DEFINED MEDIA LTD - Company Information

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0 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 11612530 2021-01-01 2021-12-31 11612530 2021-12-31 11612530 2020-12-31 11612530 2020-01-01 2020-12-31 11612530 2020-12-31 11612530 2019-12-31 11612530 bus:Director1 2021-01-01 2021-12-31 11612530 bus:Director2 2021-01-01 2021-12-31 11612530 core:WithinOneYear 2021-12-31 11612530 core:WithinOneYear 2020-12-31 11612530 core:ShareCapital 2021-12-31 11612530 core:ShareCapital 2020-12-31 11612530 core:RetainedEarningsAccumulatedLosses 2021-12-31 11612530 core:RetainedEarningsAccumulatedLosses 2020-12-31 11612530 bus:Director1 2020-12-31 11612530 bus:Director2 2020-12-31 11612530 bus:Director1 2019-12-31 11612530 bus:Director1 2020-12-31 11612530 bus:Director2 2019-12-31 11612530 bus:Director2 2020-12-31 11612530 bus:Director1 2020-01-01 2020-12-31 11612530 bus:Director2 2020-01-01 2020-12-31 11612530 bus:SmallEntities 2021-01-01 2021-12-31 11612530 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11612530 bus:FullAccounts 2021-01-01 2021-12-31 11612530 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 11612530 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
Company registration number: 11612530
Defined Media Limited
Unaudited filleted financial statements
31 December 2021
Defined Media Limited
Contents
Statement of financial position
Notes to the financial statements
Defined Media Limited
Statement of financial position
31 December 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 4 936,595 972,073
Cash at bank and in hand 85,773 84,597
_______ _______
1,022,368 1,056,670
Creditors: amounts falling due
within one year 5 ( 997,990) ( 1,039,738)
_______ _______
Net current assets 24,378 16,932
_______ _______
Total assets less current liabilities 24,378 16,932
_______ _______
Net assets 24,378 16,932
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,278 16,832
_______ _______
Shareholders funds 24,378 16,932
_______ _______
For the year ending 31 December 2021 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 25 April 2022 , 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 2021
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
2021 2020
£ £
Other debtors 936,595 972,073
_______ _______
5. Creditors: amounts falling due within one year
2021 2020
£ £
Corporation tax 1,746 3,776
Social security and other taxes 4,826 -
Other creditors 991,418 1,035,962
_______ _______
997,990 1,039,738
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr B P Dewhurst ( 10,174) 10,174 -
Mr P C Rockliffe ( 3,181) 3,181 -
_______ _______ _______
( 13,355) 13,355 -
_______ _______ _______
2020
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)
_______ _______ _______