Company Registration No. 12014632 (England and Wales)
SLOTSMEDIA LTD
Unaudited accounts
for the year ended 31 May 2021
SLOTSMEDIA LTD
Unaudited accounts
Contents
SLOTSMEDIA LTD
Company Information
for the year ended 31 May 2021
Directors
Jack Isaac Bottoms
Lewis Mitchell Thomas
Company Number
12014632 (England and Wales)
Registered Office
THE OLD CONVENT
LLANBADARN ROAD
ABERYSTWYTH
CEREDIGION
SY23 1EY
UNITED KINGDOM
Accountants
Kyffin & Co
The Old Convent
Llanbadarn Road
Aberystwyth
Ceredigion
SY23 1WX
SLOTSMEDIA LTD
Statement of financial position
as at 31 May 2021
Tangible assets
36,337
36,267
Cash at bank and in hand
2,982
3,461
Creditors: amounts falling due within one year
(50,067)
(51,587)
Net current liabilities
(26,758)
(39,910)
Net assets/(liabilities)
9,579
(3,643)
Called up share capital
100
100
Profit and loss account
9,479
(3,743)
Shareholders' funds
9,579
(3,643)
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2022 and were signed on its behalf by
Lewis Mitchell Thomas
Director
Company Registration No. 12014632
SLOTSMEDIA LTD
Notes to the Accounts
for the year ended 31 May 2021
SLOTSMEDIA LTD is a private company, limited by shares, registered in England and Wales, registration number 12014632. The registered office is THE OLD CONVENT, LLANBADARN ROAD, ABERYSTWYTH, CEREDIGION, SY23 1EY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Computer equipment
20% WDV
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SLOTSMEDIA LTD
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
5,884
39,818
45,702
Revaluations
-
(4,000)
(4,000)
Disposals
-
(2,478)
(2,478)
At 31 May 2021
5,884
49,211
55,095
At 1 June 2020
1,471
7,964
9,435
Charge for the year
1,471
8,348
9,819
At 31 May 2021
2,942
15,816
18,758
At 31 May 2021
2,942
33,395
36,337
At 31 May 2020
4,413
31,854
36,267
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
49,317
50,887
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
11,513
8,103
5,009
14,607
Directors Loan
39,374
1,589
6,253
34,710
50,887
9,692
11,262
49,317
SLOTSMEDIA LTD
Notes to the Accounts
for the year ended 31 May 2021
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
