NOTION MEDIA LIMITED - Accounts

NOTION MEDIA LIMITED - Accounts

NOTION MEDIA LIMITED - Company Information

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Registered Number: 08159160
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 July 2022

for

NOTION MEDIA LIMITED

NOTION MEDIA LIMITED
Statement of financial position
As at 31 July 2022
 
 		  
£		 2022
£		    
£		 2021
£
Fixed assets 3,933  5,244 
Current assets 218,694  199,038 
Prepayments and accrued income 388  388 
Creditors: amount falling due within one year (168,741) (110,636)
Net current assets 50,341  88,790 
Total assets less current liabilities 54,274  94,034 
Creditors: amount falling due after more than one year (53,753) (69,484)
Net assets 521  24,550 
 
Capital and reserves 521  24,550 
 
  1. For the year ended 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
David James Burns
Director

Date approved: 19 May 2023
1

NOTION MEDIA LIMITED
Notes to the accounts
For the year ended 31 July 2022

Statutory Information
NOTION MEDIA LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08159160, registration address 30A Scrutton Street, London, England, EC2A 4HY.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery20% Straight Line
Computer Equipment20% Straight Line
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 August 2021 4,288    24,803    29,091 
Additions -    -    - 
Disposals -    -    - 
At 31 July 2022 4,288    24,803    29,091 
Depreciation
At 01 August 2021 2,985    20,862    23,847 
Charge for year 326    985    1,311 
On disposals -    -    - 
At 31 July 2022 3,311    21,847    25,158 
Net book values
Closing balance as at 31 July 2022 977    2,956    3,933 
Opening balance as at 01 August 2021 1,303    3,941    5,244 

3.

Average number of employees

Average number of employees during the year was 4  (2021: 2).
2