Inurface Media Ltd - Accounts to registrar (filleted) - small 23.2.5
Inurface Media Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2023 |
| for |
| Inurface Media Ltd |
| Inurface Media Ltd (Registered number: 06641249) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Inurface Media Ltd |
| Company Information |
| for the Year Ended 31 August 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants (ICAEW) |
| Redland House |
| 157 Redland Road |
| Redland |
| Bristol |
| BS6 6YE |
| Inurface Media Ltd (Registered number: 06641249) |
| Balance Sheet |
| 31 August 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Inurface Media Ltd (Registered number: 06641249) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2023 |
| 1. | STATUTORY INFORMATION |
| Inurface Media Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| 25 Riverside Business Centre | - |
| Advertising equipment | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Screens and computer equipment | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Inurface Media Ltd (Registered number: 06641249) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| 25 |
| Riverside | Fixtures |
| Business | Advertising | and |
| Centre | equipment | fittings |
| £ | £ | £ |
| COST |
| At 1 September 2022 |
| Additions |
| Disposals |
| At 31 August 2023 |
| DEPRECIATION |
| At 1 September 2022 |
| Charge for year |
| Eliminated on disposal |
| At 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| Screens |
| and |
| Motor | computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2023 |
| DEPRECIATION |
| At 1 September 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| Inurface Media Ltd (Registered number: 06641249) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| Interest | in other |
| in | participating |
| associate | interests | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2022 | 54,382 | 143,159 | 197,541 |
| Additions | - | 260 |
| At 31 August 2023 | 143,159 | 197,801 |
| NET BOOK VALUE |
| At 31 August 2023 | 143,159 | 197,801 |
| At 31 August 2022 | 143,159 | 197,541 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| IUF Group Limited | 250 | - |
| Bauer Digital | 302 | - |
| Intercompany - We Are XI Ltd |
| Hubit Technology Limited |
| Inurface Media I.E. | 65,870 | 15,974 |
| Other debtors |
| Advance Display Technologies | 3,068 | 2,653 |
| IUF Investments loan | 510,551 | 500 |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 118,159 | 78,289 |
| Other creditors |
| AMMEX LB | - | 5,681 |
| American Express CC | 10,415 | 14,435 |
| LTSB credit card | - | 440 |
| Submarine Safaris | 217,260 | 217,260 |
| Directors' loan accounts | 75,902 | 25,468 |
| Deferred income |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £534,909 (2022 - £322,044) were paid to the directors . |