IRIS Accounts Production v24.2.0.383 07275764 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072757642023-03-31072757642024-03-31072757642023-04-012024-03-31072757642022-03-31072757642022-04-012023-03-31072757642023-03-3107275764ns15:EnglandWales2023-04-012024-03-3107275764ns14:PoundSterling2023-04-012024-03-3107275764ns10:Director12023-04-012024-03-3107275764ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107275764ns10:SmallEntities2023-04-012024-03-3107275764ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3107275764ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107275764ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107275764ns10:FullAccounts2023-04-012024-03-310727576412023-04-012024-03-3107275764ns10:Director22023-04-012024-03-3107275764ns10:Director32023-04-012024-03-3107275764ns10:Director42023-04-012024-03-3107275764ns10:Director52023-04-012024-03-3107275764ns10:RegisteredOffice2023-04-012024-03-3107275764ns5:CurrentFinancialInstruments2024-03-3107275764ns5:CurrentFinancialInstruments2023-03-3107275764ns5:ShareCapital2024-03-3107275764ns5:ShareCapital2023-03-3107275764ns5:RetainedEarningsAccumulatedLosses2024-03-3107275764ns5:RetainedEarningsAccumulatedLosses2023-03-3107275764ns5:NetGoodwill2023-04-012024-03-3107275764ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107275764ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-3107275764ns5:PlantMachinery2023-04-012024-03-3107275764ns5:FurnitureFittings2023-04-012024-03-3107275764ns5:MotorVehicles2023-04-012024-03-3107275764ns5:ComputerEquipment2023-04-012024-03-3107275764ns5:NetGoodwill2023-03-3107275764ns5:IntangibleAssetsOtherThanGoodwill2023-03-3107275764ns5:NetGoodwill2024-03-3107275764ns5:IntangibleAssetsOtherThanGoodwill2024-03-3107275764ns5:NetGoodwill2023-03-3107275764ns5:IntangibleAssetsOtherThanGoodwill2023-03-3107275764ns5:PlantMachinery2023-03-3107275764ns5:PlantMachinery2024-03-3107275764ns5:PlantMachinery2023-03-3107275764ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107275764ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107275764ns5:WithinOneYear2024-03-3107275764ns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 07275764 (England and Wales)















HOOKSHOT MEDIA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7

Chartered Certified Accountants' Report 8

HOOKSHOT MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A C Dickens
D L Calvert
D McFerran
S M Maxwell
R A Loman





REGISTERED OFFICE: 5 Oakwood Drive
Loughborough
Leicestershire
LE11 3QF





REGISTERED NUMBER: 07275764 (England and Wales)





ACCOUNTANTS: Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF

HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,746 81,911
68,746 81,911

CURRENT ASSETS
Debtors 6 248,933 287,277
Cash at bank 497,788 950,257
746,721 1,237,534
CREDITORS
Amounts falling due within one year 7 228,876 301,769
NET CURRENT ASSETS 517,845 935,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,591

1,017,676

PROVISIONS FOR LIABILITIES 15,736 20,163
NET ASSETS 570,855 997,513

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 569,855 996,513
SHAREHOLDERS' FUNDS 570,855 997,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

BALANCE SHEET - continued
31 MARCH 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





A C Dickens - Director


HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hookshot 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents invoiced services performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to/from related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of debtors. The amount of the provision is determined as the difference between the asset's carrying amount and the present value of estimated future cash flows, and is recognised in the profit & loss in operating expenses.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 28,500 1,500 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 28,500 1,500 30,000
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

HOOKSHOT MEDIA LTD (REGISTERED NUMBER: 07275764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 147,118
Additions 2,871
At 31 March 2024 149,989
DEPRECIATION
At 1 April 2023 65,207
Charge for year 16,036
At 31 March 2024 81,243
NET BOOK VALUE
At 31 March 2024 68,746
At 31 March 2023 81,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 243,111 283,135
Other debtors 5,822 4,142
248,933 287,277

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,893 7,547
Taxation and social security 216,511 288,334
Other creditors 6,472 5,888
228,876 301,769

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 938 848

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HOOKSHOT MEDIA LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hookshot Media Ltd for the year ended 31 March 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Hookshot Media Ltd, as a body, in accordance with the terms of our engagement letter dated 15 September 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Hookshot Media Ltd and state those matters that we have agreed to state to the Board of Directors of Hookshot Media Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hookshot Media Ltd 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 Hookshot Media Ltd. You consider that Hookshot Media Ltd 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 Hookshot Media Ltd. 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.






Essex Abel Ltd
4 Bank Court
Weldon Road
Loughborough
Leicestershire
LE11 5RF


10 September 2024