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REGISTERED NUMBER: 06412435 (England and Wales)














Financial Statements

for the Year Ended 31 October 2024

for

Zut Media Limited

Zut Media Limited (Registered number: 06412435)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zut Media Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M G Hancock
Mrs M L Hancock





REGISTERED OFFICE: 1st Floor
Baird House
Liverpool Innovation Park
Liverpool
Merseyside
L7 9NJ





REGISTERED NUMBER: 06412435 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Zut Media Limited (Registered number: 06412435)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 154,862 112,126
154,862 112,126

CURRENT ASSETS
Debtors 6 512,593 537,061
Cash at bank and in hand 335,730 748,263
848,323 1,285,324
CREDITORS
Amounts falling due within one year 7 554,115 765,614
NET CURRENT ASSETS 294,208 519,710
TOTAL ASSETS LESS CURRENT LIABILITIES 449,070 631,836

CREDITORS
Amounts falling due after more than one year 8 (51,016 ) (90,752 )

PROVISIONS FOR LIABILITIES (38,716 ) (45,379 )
NET ASSETS 359,338 495,705

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 358,338 494,705
SHAREHOLDERS' FUNDS 359,338 495,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Zut Media Limited (Registered number: 06412435)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





M G Hancock - Director


Zut Media Limited (Registered number: 06412435)

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


1. STATUTORY INFORMATION

Zut 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Zut Media Limited (Registered number: 06412435)

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


2. ACCOUNTING POLICIES - continued

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 34 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 40,000
AMORTISATION
At 1 November 2023
and 31 October 2024 40,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 335,436 11,121 30,368 376,925
Additions 93,673 1,350 1,202 96,225
At 31 October 2024 429,109 12,471 31,570 473,150
DEPRECIATION
At 1 November 2023 255,456 2,050 7,293 264,799
Charge for year 42,834 2,938 7,717 53,489
At 31 October 2024 298,290 4,988 15,010 318,288
NET BOOK VALUE
At 31 October 2024 130,819 7,483 16,560 154,862
At 31 October 2023 79,980 9,071 23,075 112,126

Zut Media Limited (Registered number: 06412435)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 384,731 234,807
Other debtors 127,862 302,254
512,593 537,061

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 50,417 50,496
Hire purchase contracts 12,317 -
Trade creditors 280,606 517,002
Taxation and social security 181,102 176,407
Other creditors 29,673 21,709
554,115 765,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 40,752 90,752
Hire purchase contracts 10,264 -
51,016 90,752

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loan 40,752 90,752

The mortgage is secured by a charge dated 31st July 2020 over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Share Capital 1000 1,000 1,000