Bradley Dyer Media Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04429678 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Bradley Dyer Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J C Dyer

S R Larkman

SECRETARY:

S R Larkman

REGISTERED OFFICE:

EcoSpace House

9a Castlefield Road

Reigate

Surrey

RH2 0SA

REGISTERED NUMBER:

04429678 (England and Wales)

ACCOUNTANTS:

Warren House Accountants Limited

4 The Courtyard

Holmsted Farm

Staplefield Road

Haywards Heath

RH17 5JF

FIXED ASSETS

Tangible assets

4

2,233

4,064

Investments

5

2

2

2,235

4,066

CURRENT ASSETS

Debtors

6

1,375,615

1,145,492

Cash at bank

14,235

22,931

1,389,850

1,168,423

CREDITORS

Amounts falling due within one year

7

1,254,122

1,079,981

NET CURRENT ASSETS

135,728

88,442

TOTAL ASSETS LESS CURRENT LIABILITIES

137,963

92,508

CREDITORS

Amounts falling due after more than one year

8

1,763

112,763

NET ASSETS/(LIABILITIES)

136,200

(20,255

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

136,100

(20,355

)

136,200

(20,255

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2023 and were signed on its behalf by:

B J C Dyer - Director

1.	STATUTORY INFORMATION

Bradley Dyer Media Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Work in progress

The directors have made an assessment of the work carried out not invoiced as at the balance sheet date, this is valued at the lower of the cost to deliver the project and the net realisable value and is included in trade debtors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Going concern

The Company entered a Company Voluntary Arrangement (CVA) with its creditors on the 21st July 2017. The creditors agreed an extended period to repay the liability (see note 11).

These accounts have been prepared on the going concern basis, on the understanding that the directors have reviewed the going concern for twelve months from the date of the accounts and the directors and shareholders will continue to financially support the company along with the company's ability to fulfill the CVA terms.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2021 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2021

and 30 June 2022

52,213

3,579

83,248

139,040

DEPRECIATION

At 1 July 2021

48,864

2,864

83,248

134,976

Charge for year

1,116

715

-

1,831

At 30 June 2022

49,980

3,579

83,248

136,807

NET BOOK VALUE

At 30 June 2022

2,233

-

-

2,233

At 30 June 2021

3,349

715

-

4,064

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2021

and 30 June 2022

2

NET BOOK VALUE

At 30 June 2022

2

At 30 June 2021

2

6.

DEBTORS

30.6.22

30.6.21

£

£

Amounts falling due within one year:

Trade debtors

198,535

257,837

Amounts owed by group undertakings

876,019

646,483

Other debtors

245,275

197,699

1,319,829

1,102,019

Amounts falling due after more than one year:

Other debtors

55,786

43,473

Aggregate amounts

1,375,615

1,145,492

Included within other debtors is a balance of £55,786 in respect of the s455 tax repayable. This is not expected to be repaid with in the next 12 months.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

103,049

139,124

Amounts owed to group undertakings

483,139

226,938

Taxation and social security

485,955

475,948

Other creditors

181,979

237,971

1,254,122

1,079,981

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Other creditors

1,763

112,763

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.22

30.6.21

£

£

Within one year

79,138

65,000

Between one and five years

356,363

16,250

435,501

81,250

10.	OTHER FINANCIAL COMMITMENTS

On the 21 July 2017 the company entered into a Company Voluntary Arrangement (CVA) under the supervision of White Maund. An arrangement has been agreed that the company will pay £551,759 (revised) to the creditors, of which £494,000 has been paid by 30 June 2022, under the CVA, over a period of 6 years.

The payment plan is for the company to make no fewer than 72 monthly voluntary contributions of

Year 1: £5,000 x 12

Year 2: £7,000 x 12

Year 3,4,5 & 6 : £10,000 x 12

All monthly payments are up to date. The return to creditors is expected to be 100p/£.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the year end, the director, B J C Dyer, owed the company £171,646 (2021: £133,761). Interest has been charged at the official rate as set by HMRC on any overdrawn balance. The loan is unsecured and has no fixed repayment terms.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J C Dyer.