Joe Public Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04613023 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

JOE PUBLIC MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D B Brown

Mrs Z H R Brown

SECRETARY:

D B Brown

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04613023 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,131

1,469

1,131

1,469

CURRENT ASSETS

Debtors

6

-

301

Cash at bank

20,150

17,768

20,150

18,069

CREDITORS

Amounts falling due within one year

7

54,748

50,876

NET CURRENT LIABILITIES

(34,598

)

(32,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,467

)

(31,338

)

CREDITORS

Amounts falling due after more than one year

8

2,401

-

NET LIABILITIES

(35,868

)

(31,338

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(35,968

)

(31,438

)

SHAREHOLDERS' FUNDS

(35,868

)

(31,338

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2023 and were signed on its behalf by:

D B Brown - Director

1.	STATUTORY INFORMATION

Joe Public 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

12,000

AMORTISATION

At 1 July 2021

and 30 June 2022

12,000

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

Fixtures

Computer

machinery

& fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2021

and 30 June 2022

2,100

3,870

3,240

9,210

DEPRECIATION

At 1 July 2021

919

3,582

3,240

7,741

Charge for year

295

43

-

338

At 30 June 2022

1,214

3,625

3,240

8,079

NET BOOK VALUE

At 30 June 2022

886

245

-

1,131

At 30 June 2021

1,181

288

-

1,469

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

-

301

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

800

4,000

Trade creditors

770

740

VAT

1,049

977

Other creditors

1,500

1,475

Directors' current accounts

50,629

43,684

54,748

50,876

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 2-5 years

2,401

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

3,201

4,000

The above bank loan consists of a Bounce Back Loan which is backed by a UK Government guarantee for the full amount outstanding.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

ORDINARY

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 July 2021

(31,438

)

Deficit for the year

(4,530

)

At 30 June 2022

(35,968

)

12.	GOING CONCERN

At the balance sheet date the company had net deficiency of assets of £35,868, and was therefore dependent upon the continued support from its principle creditors, including the directors.

The directors have confirmed that they will continue to support the company for the foreseeable future.

The financial statements have therefore been prepared on the going concern basis.