SPL Media Ltd - Accounts

SPL Media Ltd - Accounts

SPL MEDIA LTD - Company Information

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Registered Number: 11854697
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2021

for

SPL MEDIA LTD

SPL Media Ltd
Contents Page
For the year ended 31 March 2021
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SPL Media Ltd for the year ended 31 March 2021.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SPL Media Ltd for the year ended 31 March 2021 which comprise the Proft and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of SPL Media Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SPL Media Ltd and state those matters that we have agreed to state to the Board of Directors of SPL Media Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SPL Media Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SPL Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SPL Media Ltd . You consider that SPL Media Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SPL Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Pink Mango Accountants Ltd
Coltsfoot
Farm Lane
Chichester
West Sussex
PO18 8SA
21 December 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Investments 1    1 
1    1 
Current assets      
Cash at bank and in hand 57,457    34,033 
Creditors: amount falling due within one year (5,638)   (4,628)
Net current assets 51,819    29,405 
 
Total assets less current liabilities 51,820    29,406 
Net assets 51,820    29,406 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 51,720    29,306 
Shareholder's funds 51,820    29,406 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 December 2021 and were signed on its behalf by:


--------------------------------
Simon Lent
Director
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General Information
SPL Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 11854697, registration address Ravello, Coulsdon Lane, Chipstead, Coulsdon, Surrey, CR5 3QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation for the period 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 taxation
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 period 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.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees


Average number of employees during the year was 0 (2020 : 0).
3.

Investments

Cost Investments in participating interests   Total
  £   £
At 01 April 2020 1    1 
Additions -    - 
Transfer to/from Tangible fixed assets -    - 
Disposals -    - 
At 31 March 2021 1    1 

3