Yeti Media Group Limited Filleted accounts for Companies House (small and micro)

YETI MEDIA GROUP LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11899551

Yeti Media Group Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2023

Yeti Media Group Limited

Financial Statements

Year ended 31 March 2023

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	3

Yeti Media Group Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Yeti Media Group Limited

Year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Yeti Media Group Limited for the year ended 31 March 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

CLAY SHAW THOMAS LTD Chartered accountants

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

27 March 2024

Yeti Media Group Limited

Statement of Financial Position

31 March 2023

	2023	2022
Note	£	£

Current assets

Debtors	4	8,570	6,105
Cash at bank and in hand		604	517
		-------	-------
		9,174	6,622

Creditors: amounts falling due within one year	5	8,158	5,292
		-------	-------
Net current assets		1,016	1,330
		-------	-------
Total assets less current liabilities		1,016	1,330
		-------	-------
Net assets		1,016	1,330
		-------	-------

Capital and reserves

Called up share capital	6	100	100
Profit and loss account	7	916	1,230
		-------	-------
Shareholders funds		1,016	1,330
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 March 2024 , and are signed on behalf of the board by:

Mr D N Smith

Director

Company registration number: 11899551

Yeti Media Group Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 238 Whitchurch Road, Cardiff, United Kingdom, CF14 3ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	2023	2022
	£	£
Trade debtors	1,566	153
Other debtors	7,004	5,952
	-------	-------
	8,570	6,105
	-------	-------

5. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	1,419	2,695
Social security and other taxes	1,987	1,103
Other creditors	4,752	1,494
	-------	-------
	8,158	5,292
	-------	-------

6. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

7. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

8. Directors' advances, credit and guarantees

Included within debtors are amounts advanced to the company directors of £4,500 (2022: £3,700).

		2023
		£
	Balance owed to the Company as at 1 April 2022	3,700
	Amounts advanced to Directors	4,800
	Dividends voted	(4,000)
		-------
	Balance owed to the Company as at 31 March 2023	4,500
		-------

There are no fixed terms of repayment or interest charged.