PLASA Media Limited - Accounts to registrar (filleted) - small 23.1.2

PLASA Media Limited - Accounts to registrar (filleted) - small 23.1.2

PLASA MEDIA LIMITED - Company Information

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REGISTERED NUMBER: 04111709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PLASA MEDIA LIMITED
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLASA MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: S S McGreevy
J Tien
P Heath





REGISTERED OFFICE: Redoubt House
Edward Road
Eastbourne
East Sussex
BN23 8AS





REGISTERED NUMBER: 04111709 (England and Wales)





ACCOUNTANTS: Xynamo 5 Ltd
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH
Page 1
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 175,874 246,981
Cash at bank 167,889 199,018
343,763 445,999
CREDITORS
Amounts falling due within one year 6 51,546 118,896
NET CURRENT ASSETS 292,217 327,103
TOTAL ASSETS LESS CURRENT
LIABILITIES
292,217
327,103

CREDITORS
Amounts falling due after more than one
year
7
126,667
166,667
NET ASSETS 165,550 160,436

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 164,550 159,436
SHAREHOLDERS' FUNDS 165,550 160,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)

BALANCE SHEET - continued
31 DECEMBER 2022


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 12 July 2023 and were signed on its behalf by:




S S McGreevy - Director



P Heath - Director


The notes form part of these financial statements

Page 3
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Plasa 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 comprises the invoiced value of goods and services supplied by the company, net of value added tax. It is stated exclusive of sales of fixed assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Pensions
The company makes defined pension contributions for some of its employees. All contributions are charged to profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Page 4 continued...
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022
and 31 December 2022 3,649
DEPRECIATION
At 1 January 2022
and 31 December 2022 3,649
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 38,823 61,744
Amounts owed by group undertakings 127,713 182,334
Other debtors 90 -
Prepayments 9,248 2,903
175,874 246,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 40,000 33,333
Trade creditors 7,746 1,423
Amounts owed to group undertakings - 50,000
Social security and other taxes - 4,403
Accrued expenses 3,800 29,737
51,546 118,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 126,667 166,667

Page 5 continued...
PLASA MEDIA LIMITED (REGISTERED NUMBER: 04111709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. RELATED PARTY DISCLOSURES

The company made purchases of £67,585 (2021 - £47,608) from PLASA Limited, a company registered in England and Wales and under common control of the Professional Lighting and Sound Association.

At 31 December 2022 the company was owed £127,713 by PLASA Limited (2021 - owed £182,334) this is included debtors.

During the year £100,000 dividends (2021 - £50,000) were voted in favour of PLASA Limited.


The company made purchases of £NIL (2021 - £2,950) from PLASA Media Inc and sales of £1,860 (2021 - £3,720) to PLASA Media Inc, a company registered in USA.


The company made purchases of £1,061, (2021 - £1,035) from PLASA Events Limited, a registered company in England and Wales under common control of the Professional Lighting and Sound Association.

9. ULTIMATE PARENT UNDERTAKING AND ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the Professional Lighting and Sound Association.

Page 6