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REGISTERED NUMBER: 13250142 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Nexilis Media Ltd

Nexilis Media Ltd (Registered number: 13250142)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nexilis Media Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M W Harris





REGISTERED OFFICE: Suite 15, The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH





REGISTERED NUMBER: 13250142 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Ltd
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

Nexilis Media Ltd (Registered number: 13250142)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,511 1,636

CURRENT ASSETS
Stocks 5 - 9,025
Cash at bank 23,361 29,598
23,361 38,623
CREDITORS
Amounts falling due within one year 6 (11,817 ) (16,185 )
NET CURRENT ASSETS 11,544 22,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,055

24,074

PROVISIONS FOR LIABILITIES 7 (857 ) (311 )
NET ASSETS 15,198 23,763

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 15,197 23,762
SHAREHOLDERS' FUNDS 15,198 23,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Nexilis Media Ltd (Registered number: 13250142)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2023 and were signed by:





M W Harris - Director


Nexilis Media Ltd (Registered number: 13250142)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Nexilis Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - Straight line over 3 years

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Nexilis Media Ltd (Registered number: 13250142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 425 1,944 2,369
Additions - 5,412 5,412
At 31 March 2023 425 7,356 7,781
DEPRECIATION
At 1 April 2022 85 648 733
Charge for year 85 2,452 2,537
At 31 March 2023 170 3,100 3,270
NET BOOK VALUE
At 31 March 2023 255 4,256 4,511
At 31 March 2022 340 1,296 1,636

5. STOCKS
2023 2022
£    £   
Work-in-progress - 9,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 6,869 12,507
VAT 3,949 3,329
Directors' current accounts 699 349
Accruals and deferred income 300 -
11,817 16,185

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 857 311

Deferred
tax
£   
Balance at 1 April 2022 311
Provided during year 546
Balance at 31 March 2023 857

Nexilis Media Ltd (Registered number: 13250142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Allotted, issued and fully
paid 1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is M W Harris.