SPL Media Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11854697 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Spl Media Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Lent

Mrs N C Lent

REGISTERED OFFICE:

Ravello Coulsdon Lane

Chipstead

Coulsdon

Surrey

CR5 3QH

REGISTERED NUMBER:

11854697 (England and Wales)

ACCOUNTANTS:

SO Accounting Limited

Chartered Accountants

2 Harris Close

Frome

Somerset

BA11 5JY

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

33,827

-

Cash at bank

84,735

57,457

118,562

57,457

CREDITORS

Amounts falling due within one year

6

9,498

5,638

NET CURRENT ASSETS

109,064

51,819

TOTAL ASSETS LESS CURRENT LIABILITIES

109,065

51,820

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

108,965

51,720

109,065

51,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2022 and were signed on its behalf by:

S P Lent - Director

1.	STATUTORY INFORMATION

Spl Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in other

participatin

interests

£

COST

At 1 April 2021

and 31 March 2022

1

NET BOOK VALUE

At 31 March 2022

1

At 31 March 2021

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Other debtors

33,827

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Amounts owed to group undertakings

1

1

Taxation and social security

8,297

-

Other creditors

1,200

5,637

9,498

5,638

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Mrs N C Lent

Balance outstanding at start of year

(4,437

)

(3,341

)

Amounts advanced

39,123

8,000

Amounts repaid

(9,156

)

(9,096

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,530

(4,437

)

Interest has been charged on the overdrawn loan account balance at a commercial rate. The loan is repayable on demand.