Populus Media Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05061337 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

POPULUS MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S C Lewis

SECRETARY:

K Lewis

REGISTERED OFFICE:

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

REGISTERED NUMBER:

05061337 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Tangible assets

4

3,887

5,415

CURRENT ASSETS

Debtors

5

264,623

243,334

Cash at bank

6,270

66,686

270,893

310,020

CREDITORS

Amounts falling due within one year

6

100,126

25,213

NET CURRENT ASSETS

170,767

284,807

TOTAL ASSETS LESS CURRENT LIABILITIES

174,654

290,222

PROVISIONS FOR LIABILITIES

739

1,029

NET ASSETS

173,915

289,193

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

173,913

289,191

SHAREHOLDERS' FUNDS

173,915

289,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 October 2023 and were signed by:

S C Lewis - Director

1.	STATUTORY INFORMATION

Populus Media Ltd 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.

The director has concluded that the company is and remains a going concern based on the director's support and the business forecast looking forward.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

15,554

Additions

1,516

At 31 March 2023

17,070

DEPRECIATION

At 1 April 2022

10,139

Charge for year

3,044

At 31 March 2023

13,183

NET BOOK VALUE

At 31 March 2023

3,887

At 31 March 2022

5,415

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

264,623

243,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

1,541

717

Taxation and social security

10,659

22,995

Other creditors

87,926

1,501

100,126

25,213

7.	RELATED PARTY DISCLOSURES

Other debtors includes an unsecured interest free loan of £255,915 (2022 : £215,915) to Salteal Ltd, a company 100% owned by S Lewis.

Other creditors includes an unsecured interest free loan of £78,400 (2022 : £6,500) from Hooded Gaming Ltd, a company 100% owned by S Lewis.

8.	CONTROLLING PARTY

The company is jointly controlled by Mr S. C Lewis and Mrs K. Lewis.