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REGISTERED NUMBER: 06513189 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ECLIPSE BUSINESS MEDIA LIMITED

ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ECLIPSE BUSINESS MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R A Kafato





REGISTERED OFFICE: Unit 6 Woodview
Bull Lane Industrial Estate
Bull Lane, Acton
Sudbury
Suffolk
CO10 0FD





REGISTERED NUMBER: 06513189 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
1,693,270 Intangible assets 4 1,515,875

CURRENT ASSETS
808,911 Debtors 5 606,200
703,958 Cash at bank 82,690
1,512,869 688,890
CREDITORS
480,444 Amounts falling due within one year 6 313,547
1,032,425 NET CURRENT ASSETS 375,343
2,725,695 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,891,218

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
88,000 Share premium 88,000
1,693,270 Fair value reserve 7 1,515,875
934,425 Retained earnings 277,343
2,725,695 1,891,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)

BALANCE SHEET - continued
31 DECEMBER 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 19 July 2024 and were signed by:





R A Kafato - Director


ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Eclipse Business Media Limited 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 the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances and deferred income.

Goodwill
Goodwill is being amortised over a period of ten years, being its estimated useful economic life.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1,773,948
AMORTISATION
At 1 January 2023 80,678
Charge for year 177,395
At 31 December 2023 258,073
NET BOOK VALUE
At 31 December 2023 1,515,875
At 31 December 2022 1,693,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 223,349 144,263
Amounts owed by group undertakings 359,820 645,551
Amounts owed by associates - 383
Other debtors 23,031 18,714
606,200 808,911

ECLIPSE BUSINESS MEDIA LIMITED (REGISTERED NUMBER: 06513189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 18
Trade creditors 15,753 7,573
Amounts owed to group undertakings - 23,916
Amounts owed to associates 1,112 68,614
Taxation and social security 24,863 42,324
Other creditors 271,819 337,999
313,547 480,444

7. RESERVES
Fair
value
reserve
£   
At 1 January 2023 1,693,270
Transfer for amortisation (177,395 )

At 31 December 2023 1,515,875