T L Media Limited
T L Media Limited
Registered number: 07127719
Unaudited Financial Statements
For The Year Ended 30 September 2023
Quest Accounting Services Limited
Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
T L Media Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—5 |
T L Media Limited
Accountant's Report
For The Year Ended 30 September 2023
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
T L Media Limited
for the year ended year which comprise the Profit and Loss Account, the Balance Sheet, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of
T L Media Limited
in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of
T L Media Limited
and state those matters that we have agreed to state to the director of
T L Media Limited
in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that
T L Media Limited
has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of
T L Media Limited
. You consider that
T L Media Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of
T L Media Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
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Suite 110, The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1FD
T L Media Limited
Balance Sheet
As At
30 September 2023
Balance Sheet
Registered number:
07127719
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET LIABILITIES |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
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| SHAREHOLDERS' FUNDS | (58,431) | (53,968) | |||
T L Media Limited
Balance Sheet (continued)
As At
30 September 2023
On behalf of the board
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Director
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The notes on pages 4 to 5 form part of these financial statements.
T L Media Limited
Notes to the Financial Statements
For The Year Ended 30 September 2023
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
3.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at 1 October 2022 |
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| Additions |
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| Disposals |
( |
| As at 30 September 2023 |
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| Depreciation | |
| As at 1 October 2022 |
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| Provided during the period |
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| Disposals |
( |
| As at 30 September 2023 |
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| Net Book Value | |
| As at 30 September 2023 |
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| As at 1 October 2022 |
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T L Media Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2023
4.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| VAT |
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| Other creditors |
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| Other creditors (1) | - |
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| Director's loan account |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Bank loans |
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8.
Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
| As at 1 October 2022 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 September 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Arwyn Bailey |
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At the balance sheet date, the company owed £44,277 (2022: £44,817) to its Directors. This loan is unsecured, interest free and repayable on demand.
9.
Ultimate Controlling Party
The company's ultimate controlling party is
Arwyn Bailey
by virtue of his ownership of 100% of the issued share capital in the company.
10.
General Information
T L Media Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07127719
. The registered office is 28 Beacon Close, Stone, Aylesbury, HP17 8YH.