Company Registration No. 11864512 (England and Wales)
Daine Media Limited
Unaudited accounts
for the period from 7 March 2019 to 31 March 2020
Daine Media Limited
Unaudited accounts
Contents
Daine Media Limited
Company Information
for the period from 7 March 2019 to 31 March 2020
Directors
G Daine
T Daine
Company Number
11864512 (England and Wales)
Registered Office
CLOCKWISE EDWARD PAVILION
ALBERT DOCK
LIVERPOOL
MERSEYSIDE
L3 4AF
UNITED KINGDOM
Accountants
KLAS ACCOUNTANTS LTD
Eastham Hall
109, Eastham Village Road
Eastham
Wirral
CH62 0AF
Daine Media Limited
Statement of financial position
as at
31 March 2020
Cash at bank and in hand
29,495
Creditors: amounts falling due within one year
(10,609)
Net current assets
18,886
Total assets less current liabilities
30,919
Provisions for liabilities
Other provisions
(30,000)
Called up share capital
100
Profit and loss account
819
For the period ending 31 March 2020 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 12 February 2021 and were signed on its behalf by
G Daine
Director
Company Registration No. 11864512
Daine Media Limited
Notes to the Accounts
for the period from 7 March 2019 to 31 March 2020
Daine Media Limited is a private company, limited by shares, registered in England and Wales, registration number 11864512. The registered office is CLOCKWISE EDWARD PAVILION, ALBERT DOCK, LIVERPOOL, MERSEYSIDE, L3 4AF, UNITED KINGDOM.
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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 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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
33% Straight Line
Fixtures & fittings
33% Straight Line
Computer equipment
33% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
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.
Daine Media Limited
Notes to the Accounts
for the period from 7 March 2019 to 31 March 2020
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
7,376
540
10,134
18,050
At 31 March 2020
7,376
540
10,134
18,050
Charge for the period
2,459
180
3,378
6,017
At 31 March 2020
2,459
180
3,378
6,017
At 31 March 2020
4,917
360
6,756
12,033
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Creditors: amounts falling due within one year
2020
Taxes and social security
5,425
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Average number of employees
During the period the average number of employees was 5.