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Registration number: 13145984

Black Cactus Media Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Black Cactus Media Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Black Cactus Media Ltd

Company Information

Director

Mr S R Miles

Registered office

5 Beechcroft Road
Swindon
Wilts
SN2 7RD

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Black Cactus Media Ltd

(Registration number: 13145984)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

90,127

18,719

Current assets

 

Debtors

5

24,634

56,357

Cash at bank and in hand

 

9,464

17,052

 

34,098

73,409

Creditors: Amounts falling due within one year

6

(19,285)

(19,246)

Net current assets

 

14,813

54,163

Total assets less current liabilities

 

104,940

72,882

Provisions for liabilities

(7,140)

(3,557)

Net assets

 

97,800

69,325

Capital and reserves

 

Called up share capital

200

100

Retained earnings

97,600

69,225

Shareholders' funds

 

97,800

69,325

 

Black Cactus Media Ltd

(Registration number: 13145984)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr S R Miles
Director

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & wales.

The address of its registered office is:
5 Beechcroft Road
Swindon
Wilts
SN2 7RD
England

These financial statements were authorised for issue by the director on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Going concern

The directors have considered the risks and issues concerning the company and it's activities and no material
uncertainties that may cast significant doubt about the company's ability to continue as a going concern have
been identified.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Asset class

Depreciation method and rate

Plant & Machinery

33% Stright Line

Fixtures & Fittings

33% Stright Line

Office Equipment

33% Stright Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the 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 the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 February 2023

-

18,596

-

9,593

Additions

8,697

8,539

60,916

5,512

At 31 January 2024

8,697

27,135

60,916

15,105

Depreciation

At 1 February 2023

-

6,199

-

3,271

Charge for the year

-

7,627

-

4,629

At 31 January 2024

-

13,826

-

7,900

Carrying amount

At 31 January 2024

8,697

13,309

60,916

7,205

At 31 January 2023

-

12,397

-

6,322

Total
£

Cost or valuation

At 1 February 2023

28,189

Additions

83,664

At 31 January 2024

111,853

Depreciation

At 1 February 2023

9,470

Charge for the year

12,256

At 31 January 2024

21,726

Carrying amount

At 31 January 2024

90,127

At 31 January 2023

18,719

Included within the net book value of land and buildings above is £8,697 (2023 - £Nil) in respect of short leasehold land and buildings.
 

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

12,267

21,060

Prepayments

1,250

625

Other debtors

11,117

34,672

 

24,634

56,357

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

198

306

Taxation and social security

15,583

18,559

Other creditors

3,504

381

19,285

19,246

7

Related party transactions

 

Black Cactus Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Loans to related parties

2024

Associates
£

Total
£

At start of period

34,672

34,672

Advanced

30,308

30,308

Repaid

(83,784)

(83,784)

Expenses recognised as bad debt

29,921

29,921

At end of period

11,117

11,117

2023

Associates
£

Total
£

At start of period

18,744

18,744

Advanced

15,928

15,928

At end of period

34,672

34,672

Terms of loans to related parties

Intercompany balances as follows per company:
Arlot Media Ltd 2024 - £7,500 (2023 - £Nil)
Develop Business Group Ltd: 2024 - £3,617 (2023 - £3,609)
Olivestone Ltd 2024 - £nil (2023 - £31,063)

These loans owing to the company of which no interest is charged.
The balance owed to Olivestone Ltd at 31st January 2024 was £29,921, this was written off to the Profit or Loss as exceptional income due to Olivestone Ltd ceasing trade at that date.