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Company Registration No. 06490292 (England and Wales)
Blink Giant Media Ltd Unaudited accounts for the year ended 31 March 2024
Blink Giant Media Ltd Unaudited accounts Contents
Page
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Blink Giant Media Ltd Company Information for the year ended 31 March 2024
Directors
Steve Wilkinson Russell Bristow
Company Number
06490292 (England and Wales)
Registered Office
Unit Adjacent To 11a Broadmead Lane Industrial Est Broadmead Lane Bristol BS31 1ST United Kingdom
Accountants
Westerly Accountancy Ltd 24 Orchard Road Wrafton Braunton EX33 2DZ
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Blink Giant Media Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,361 
42,353 
Current assets
Debtors
174,339 
235,484 
Cash at bank and in hand
127,688 
165,511 
302,027 
400,995 
Creditors: amounts falling due within one year
(128,956)
(134,829)
Net current assets
173,071 
266,166 
Total assets less current liabilities
205,432 
308,519 
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Net assets
193,765 
286,852 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
193,763 
286,850 
Shareholders' funds
193,765 
286,852 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Steve Wilkinson Director Company Registration No. 06490292
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Blink Giant Media Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Blink Giant Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 06490292. The registered office is Unit Adjacent To 11a, Broadmead Lane Industrial Est, Broadmead Lane, Bristol, BS31 1ST, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Blink Giant Media Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
12,794 
102,994 
16,774 
23,263 
155,825 
Additions
596 
- 
- 
- 
596 
At 31 March 2024
13,390 
102,994 
16,774 
23,263 
156,421 
Depreciation
At 1 April 2023
10,549 
70,832 
15,400 
16,691 
113,472 
Charge for the year
561 
8,041 
343 
1,643 
10,588 
At 31 March 2024
11,110 
78,873 
15,743 
18,334 
124,060 
Net book value
At 31 March 2024
2,280 
24,121 
1,031 
4,929 
32,361 
At 31 March 2023
2,245 
32,162 
1,374 
6,572 
42,353 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
109,321 
157,953 
Accrued income and prepayments
64,389 
77,424 
Other debtors
629 
107 
174,339 
235,484 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
28,457 
26,216 
Trade creditors
40,271 
63,196 
Taxes and social security
11,035 
6,423 
Other creditors
5,196 
5,898 
Loans from directors
32,622 
21,721 
Accruals
1,375 
1,375 
128,956 
134,829 
The loan is unsecured, bears interest at 2.5% per annum and is repayable by May 2026.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
The loan is unsecured, bears interest at 2.5% per annum and is repayable by May 2026.
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Blink Giant Media Ltd Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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