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REGISTERED NUMBER: 04650879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

EON Visual Media Limited

EON Visual Media Limited (Registered number: 04650879)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EON Visual Media Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S G Forster
Mr M Dass





REGISTERED OFFICE: Building 1-7 Thomas Street
Kingston upon Hull
East Yorkshire
HU9 1EH





REGISTERED NUMBER: 04650879 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

EON Visual Media Limited (Registered number: 04650879)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,528 79,769

CURRENT ASSETS
Stocks 118,264 102,866
Debtors 5 133,970 120,302
Cash in hand 422 551
252,656 223,719
CREDITORS
Amounts falling due within one year 6 283,190 222,582
NET CURRENT (LIABILITIES)/ASSETS (30,534 ) 1,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,994

80,906

CREDITORS
Amounts falling due after more than one
year

7

(3,125

)

(21,875

)

PROVISIONS FOR LIABILITIES - (13,964 )
NET ASSETS 59,869 45,067

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 49,869 35,067
SHAREHOLDERS' FUNDS 59,869 45,067

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.

EON Visual Media Limited (Registered number: 04650879)

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 by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





Mr S G Forster - Director


EON Visual Media Limited (Registered number: 04650879)

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


1. STATUTORY INFORMATION

EON Visual 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.

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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

Turnover
Revenue comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company’s activities are met as follows:

Rendering of service - Web, app and other design services
Revenue from design services is recognised when the services are rendered, using the percentage of completion method based on the actual service provided as a proportion of the total services to be performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant & equipment - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.

EON Visual Media Limited (Registered number: 04650879)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant & and
leasehold equipment fittings Totals
£    £    £    £   
COST
At 1 April 2023 102,812 579,266 56,429 738,507
Additions - 32,535 - 32,535
At 31 March 2024 102,812 611,801 56,429 771,042
DEPRECIATION
At 1 April 2023 101,656 501,157 55,925 658,738
Charge for year 834 17,732 210 18,776
At 31 March 2024 102,490 518,889 56,135 677,514
NET BOOK VALUE
At 31 March 2024 322 92,912 294 93,528
At 31 March 2023 1,156 78,109 504 79,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80,577 73,682
Amounts owed by participating interests - 16,750
Other debtors 53,393 29,870
133,970 120,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 89,526 96,957
Trade creditors 284 3,867
Amounts owed to participating interests - 88,271
Taxation and social security 38,762 30,515
Other creditors 154,618 2,972
283,190 222,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,125 21,875

EON Visual Media Limited (Registered number: 04650879)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr M Dass
Balance outstanding at start of year 2,812 (36 )
Amounts advanced 182 2,848
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47,006 ) 2,812

Mr S G Forster
Balance outstanding at start of year (873 ) (3,062 )
Amounts advanced 48,010 3,689
Amounts repaid (152,500 ) (1,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (105,363 ) (873 )

9. RELATED PARTY DISCLOSURES

During the year the company made purchases totalling £1,910 (2023: £13,320) from Eon Consulting Limited, a company controlled solely by Mr S Forster.

The ultimate controlling party is that of the directors.