Silverfin false false 29/02/2024 01/03/2023 29/02/2024 P A Horton 17/03/2006 R S Horton 26/10/2023 17/03/2006 J J Horton 17/03/2006 E A Matthews 17/03/2006 06 November 2024 The principal activity of the company in the year under review was that of production of television programmes. 5746994 2024-02-29 5746994 bus:Director1 2024-02-29 5746994 bus:Director2 2024-02-29 5746994 bus:Director3 2024-02-29 5746994 bus:Director4 2024-02-29 5746994 2023-02-28 5746994 core:CurrentFinancialInstruments 2024-02-29 5746994 core:CurrentFinancialInstruments 2023-02-28 5746994 core:Non-currentFinancialInstruments 2024-02-29 5746994 core:Non-currentFinancialInstruments 2023-02-28 5746994 core:ShareCapital 2024-02-29 5746994 core:ShareCapital 2023-02-28 5746994 core:RetainedEarningsAccumulatedLosses 2024-02-29 5746994 core:RetainedEarningsAccumulatedLosses 2023-02-28 5746994 core:OtherPropertyPlantEquipment 2023-02-28 5746994 core:OtherPropertyPlantEquipment 2024-02-29 5746994 bus:OrdinaryShareClass1 2024-02-29 5746994 bus:OrdinaryShareClass2 2024-02-29 5746994 2023-03-01 2024-02-29 5746994 bus:FilletedAccounts 2023-03-01 2024-02-29 5746994 bus:SmallEntities 2023-03-01 2024-02-29 5746994 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 5746994 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 5746994 bus:Director1 2023-03-01 2024-02-29 5746994 bus:Director2 2023-03-01 2024-02-29 5746994 bus:Director3 2023-03-01 2024-02-29 5746994 bus:Director4 2023-03-01 2024-02-29 5746994 core:OtherPropertyPlantEquipment 2023-03-01 2024-02-29 5746994 2022-03-01 2023-02-28 5746994 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 5746994 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 5746994 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 5746994 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 5746994 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 5746994 (England and Wales)

QUICKSILVER MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

QUICKSILVER MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

QUICKSILVER MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
QUICKSILVER MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 352 468
352 468
Current assets
Debtors 4 124,767 8,426
Cash at bank and in hand 77,144 281,983
201,911 290,409
Creditors: amounts falling due within one year 5 ( 69,467) ( 122,612)
Net current assets 132,444 167,797
Total assets less current liabilities 132,796 168,265
Creditors: amounts falling due after more than one year 6 ( 35,796) ( 40,506)
Provision for liabilities ( 67) ( 89)
Net assets 96,933 127,670
Capital and reserves
Called-up share capital 7 600 600
Profit and loss account 96,333 127,070
Total shareholders' funds 96,933 127,670

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Quicksilver Media Limited (registered number: 5746994) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P A Horton
Director
E A Matthews
Director

06 November 2024

QUICKSILVER MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
QUICKSILVER MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. 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.

General information and basis of accounting

Quicksilver Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 15 Woodgate Road, London NW4 6ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation


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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 5 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2023 2,000 2,000
At 29 February 2024 2,000 2,000
Accumulated depreciation
At 01 March 2023 1,532 1,532
Charge for the financial year 117 117
At 29 February 2024 1,648 1,648
Net book value
At 29 February 2024 352 352
At 28 February 2023 468 468

4. Debtors

2024 2023
£ £
Trade debtors 43,118 0
Other debtors 81,649 8,426
124,767 8,426

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 36,845 68,272
Taxation and social security 25,143 46,966
Other creditors 7,479 7,374
69,467 122,612

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 35,796 40,506

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
400 Ordinary A shares of £ 1.00 each 400 400
200 Ordinary B shares of £ 1.00 each 200 200
600 600