Orkney Today Limited
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Notes to the Accounts |
for the year ended 31 January 2022
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. The presentation currency is £ sterling.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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100 |
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100 |
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4 |
Other information |
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Orkney Today Limited is a private company limited by shares and incorporated in Scotland. Its registered office is Hell's Half Acre, Crowness Crescent, Hatston Industrial Estate, Kirkwall, Orkney, KW15 1GJ. |
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The company is a 100% owned subsidiary of Orkney Media Group Limited, a company registered at Hell's Half Acre, Hatston, Kirkwall, Orkney, KW15 1GJ. |