Company Registration No. 12014632 (England and Wales)
Slotsmedia Ltd
Unaudited accounts
for the period from 1 June 2022 to 31 March 2023
Slotsmedia Ltd
Unaudited accounts
Contents
Slotsmedia Ltd
Company Information
for the period from 1 June 2022 to 31 March 2023
Directors
Jack Isaac Bottoms
Lewis Mitchell Thomas
Company Number
12014632 (England and Wales)
Slotsmedia Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
41,551
35,433
Cash at bank and in hand
15,548
9,073
Creditors: amounts falling due within one year
(25,533)
(30,153)
Net current liabilities
(8,410)
(14,932)
Profit and loss account
33,141
20,501
Shareholders' funds
33,141
20,501
For the period ending 31 March 2023 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 26 November 2023 and were signed on its behalf by
Lewis Mitchell Thomas
Director
Company Registration No. 12014632
Slotsmedia Ltd
Notes to the Accounts
for the period from 1 June 2022 to 31 March 2023
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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 period from 1 June 2022 to 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
5,884
58,269
64,153
At 31 March 2023
5,884
76,246
82,130
At 1 June 2022
4,413
24,307
28,720
Charge for the period
1,471
10,388
11,859
At 31 March 2023
5,884
34,695
40,579
At 31 March 2023
-
41,551
41,551
At 31 May 2022
1,471
33,962
35,433
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,468
3,712
Loans from directors
22,565
25,941
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
2,919
-
-
2,919
Directors Loan
23,022
-
-
23,022
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).
