Company Registration No. 12014632 (England and Wales)
Slotsmedia Ltd
Unaudited accounts
for the year ended 31 May 2022
Slotsmedia Ltd
Unaudited accounts
Contents
Slotsmedia Ltd
Company Information
for the year ended 31 May 2022
Directors
Jack Isaac Bottoms
Lewis Mitchell Thomas
Company Number
12014632 (England and Wales)
Slotsmedia Ltd
Statement of financial position
as at 31 May 2022
Tangible assets
35,433
36,337
Cash at bank and in hand
9,073
2,982
Creditors: amounts falling due within one year
(30,153)
(50,067)
Net current liabilities
(14,932)
(26,758)
Profit and loss account
20,501
9,579
Shareholders' funds
20,501
9,579
For the year ending 31 May 2022 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 18 February 2023 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 2022
Slotsmedia Ltd is a private company, limited by shares, registered in England and Wales, registration number 12014632.
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.
These financial statements for the year ended 31 May 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Slotsmedia Ltd
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2021
5,884
49,211
55,095
At 31 May 2022
5,884
58,269
64,153
At 1 June 2021
2,942
15,816
18,758
Charge for the year
1,471
8,491
9,962
At 31 May 2022
4,413
24,307
28,720
At 31 May 2022
1,471
33,962
35,433
At 31 May 2021
2,942
33,395
36,337
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
3,712
-
Loans from directors
25,941
49,317
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
14,607
2,312
14,000
2,919
Directors Loan
34,710
2,312
14,000
23,022
49,317
4,624
28,000
25,941
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
