Inventive Media Publishing Limited 31/01/2022 iXBRL

Inventive Media Publishing Limited 31/01/2022 iXBRL

INVENTIVE MEDIA PUBLISHING LIMITED - Company Information

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4 31/01/2022 2022-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 6360947 2021-02-01 2022-01-31 6360947 2022-01-31 6360947 2021-01-31 6360947 2020-02-01 2021-01-31 6360947 2021-01-31 6360947 core:LandBuildings core:ShortLeaseholdAssets 2021-02-01 2022-01-31 6360947 core:FurnitureFittingsToolsEquipment 2021-02-01 2022-01-31 6360947 core:MotorVehicles 2021-02-01 2022-01-31 6360947 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 6360947 bus:Director1 2021-02-01 2022-01-31 6360947 core:LandBuildings core:ShortLeaseholdAssets 2021-01-31 6360947 core:FurnitureFittingsToolsEquipment 2021-01-31 6360947 core:MotorVehicles 2021-01-31 6360947 core:LandBuildings core:ShortLeaseholdAssets 2022-01-31 6360947 core:FurnitureFittingsToolsEquipment 2022-01-31 6360947 core:MotorVehicles 2022-01-31 6360947 core:WithinOneYear 2022-01-31 6360947 core:WithinOneYear 2021-01-31 6360947 core:AfterOneYear 2022-01-31 6360947 core:AfterOneYear 2021-01-31 6360947 core:ShareCapital 2022-01-31 6360947 core:ShareCapital 2021-01-31 6360947 core:RetainedEarningsAccumulatedLosses 2022-01-31 6360947 core:RetainedEarningsAccumulatedLosses 2021-01-31 6360947 bus:OrdinaryShareClass1 core:ShareCapital 2022-01-31 6360947 bus:OrdinaryShareClass1 core:ShareCapital 2021-01-31 6360947 core:LandBuildings core:ShortLeaseholdAssets 2021-01-31 6360947 core:FurnitureFittingsToolsEquipment 2021-01-31 6360947 core:MotorVehicles 2021-01-31 6360947 bus:SmallEntities 2021-02-01 2022-01-31 6360947 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 6360947 bus:FullAccounts 2021-02-01 2022-01-31 6360947 bus:SmallCompaniesRegimeForAccounts 2021-02-01 2022-01-31 6360947 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31
Company registration number: 6360947
Inventive Media Publishing Limited
Unaudited filleted financial statements
31 January 2022
Inventive Media Publishing Limited
Statement of financial position
31 January 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 44,072 44,155
_______ _______
44,072 44,155
Current assets
Stocks 20,974 26,525
Debtors 115,568 73,240
Cash at bank and in hand 248,099 210,186
_______ _______
384,641 309,951
Creditors: amounts falling due
within one year ( 167,704) ( 102,973)
_______ _______
Net current assets 216,937 206,978
_______ _______
Total assets less current liabilities 261,009 251,133
Creditors: amounts falling due
after more than one year ( 34,847) ( 44,167)
Provisions for liabilities ( 6,670) ( 7,497)
_______ _______
Net assets 219,492 199,469
_______ _______
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 219,392 199,369
_______ _______
Shareholders funds 219,492 199,469
_______ _______
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 May 2022 , and are signed on behalf of the board by:
Mr S.P.H. Mitchell
Director
Company registration number: 6360947
Inventive Media Publishing Limited
Notes to the financial statements
Year ended 31 January 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 12 Sam Alper Court, Depot Road, Newmarket, Suffolk, CB8 0GS.
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'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements - 10 % straight line
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution pension scheme
Contributions to defined contribution pension schemes are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2021: 7 ).
5. Tangible assets
Leasehold property improvements Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2021 6,285 66,730 17,954 90,969
Additions 5,825 2,990 - 8,815
_______ _______ _______ _______
At 31 January 2022 12,110 69,720 17,954 99,784
_______ _______ _______ _______
Depreciation
At 1 February 2021 2,512 36,447 7,855 46,814
Charge for the year 1,388 4,985 2,525 8,898
_______ _______ _______ _______
At 31 January 2022 3,900 41,432 10,380 55,712
_______ _______ _______ _______
Carrying amount
At 31 January 2022 8,210 28,288 7,574 44,072
_______ _______ _______ _______
At 31 January 2021 3,773 30,283 10,099 44,155
_______ _______ _______ _______
6. Called up share capital
Issued, called up and fully paid
2022 2021
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______
7. Related party transactions
Creditors includes a directors loan account (in credit) balance of £819 for the director S.P.H. Mitchell.