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REGISTERED NUMBER: 06179445 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Blue Island Media Ltd

Blue Island Media Ltd (Registered number: 06179445)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blue Island Media Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M J Ellis
Mrs R Ellis





REGISTERED OFFICE: 5 Highcroft Court
Exeter
Devon
EX4 4RW





REGISTERED NUMBER: 06179445 (England and Wales)






Blue Island Media Ltd (Registered number: 06179445)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,608 6,078

CURRENT ASSETS
Debtors 5 5,029 4,254
Cash at bank 10,025 16,331
15,054 20,585
CREDITORS
Amounts falling due within one year 6 17,304 18,968
NET CURRENT (LIABILITIES)/ASSETS (2,250 ) 1,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,358

7,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,258 7,595
SHAREHOLDERS' FUNDS 2,358 7,695

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.

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 Board of Directors and authorised for issue on 28 September 2024 and were signed on its behalf by:





Mr M J Ellis - Director


Blue Island Media Ltd (Registered number: 06179445)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Blue Island 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

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 2 (2023 - 2 ) .

Blue Island Media Ltd (Registered number: 06179445)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 37,975 3,109 41,084
DEPRECIATION
At 1 April 2023 32,877 2,129 35,006
Charge for year 1,274 196 1,470
At 31 March 2024 34,151 2,325 36,476
NET BOOK VALUE
At 31 March 2024 3,824 784 4,608
At 31 March 2023 5,098 980 6,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,029 4,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 139 334
Trade creditors 1 1
Taxation and social security 13,519 16,662
Other creditors 3,645 1,971
17,304 18,968