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Company Registration No. 11338658 (England and Wales)
X Digital Media Ltd Unaudited accounts for the year ended 31 May 2024
X Digital Media Ltd Unaudited accounts Contents
Page
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X Digital Media Ltd Company Information for the year ended 31 May 2024
Directors
CORKER, Graeme WILLIAMS, Jason
Secretary
Jason Williams
Company Number
11338658 (England and Wales)
Registered Office
2nd Floor The Courtyard Loch Street Runcorn Cheshire WA7 1JA England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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X Digital Media Ltd Accountants' report
Accountants' report to the board of directors of X Digital Media Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of X Digital Media Ltd for the year ended 31 May 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of X Digital Media Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of X Digital Media Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than X Digital Media Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that X Digital Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of X Digital Media Ltd. You consider that X Digital Media Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of X Digital Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 25 July 2024
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X Digital Media Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,139 
1,265 
Current assets
Debtors
63,184 
63,452 
Cash at bank and in hand
66,377 
14,566 
129,561 
78,018 
Creditors: amounts falling due within one year
(91,605)
(128,845)
Net current assets/(liabilities)
37,956 
(50,827)
Total assets less current liabilities
40,095 
(49,562)
Creditors: amounts falling due after more than one year
(21,464)
(36,805)
Net assets/(liabilities)
18,631 
(86,367)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
18,629 
(86,369)
Shareholders' funds
18,631 
(86,367)
For the year ending 31 May 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 25 July 2024 and were signed on its behalf by
WILLIAMS, Jason Director Company Registration No. 11338658
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X Digital Media Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
X Digital Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 11338658. The registered office is 2nd Floor The Courtyard, Loch Street, Runcorn, Cheshire, WA7 1JA, England.
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.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Taxation
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.
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
33% Straight Line
Computer equipment
33% Straight Line
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X Digital Media Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
20,196 
1,532 
21,728 
Additions
- 
1,616 
1,616 
Disposals
(11,516)
- 
(11,516)
At 31 May 2024
8,680 
3,148 
11,828 
Depreciation
At 1 June 2023
20,108 
355 
20,463 
Charge for the year
79 
663 
742 
On disposals
(11,516)
- 
(11,516)
At 31 May 2024
8,671 
1,018 
9,689 
Net book value
At 31 May 2024
9 
2,130 
2,139 
At 31 May 2023
88 
1,177 
1,265 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
59,135 
60,964 
Accrued income and prepayments
8,227 
2,317 
Other debtors
(4,178)
171 
63,184 
63,452 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,986 
3,986 
VAT
15,703 
4,835 
Trade creditors
54,796 
72,868 
Taxes and social security
559 
1,370 
Other creditors
12,843 
34,730 
Loans from directors
1,474 
11,056 
Accruals
2,244 
- 
91,605 
128,845 
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,464 
36,805 
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X Digital Media Ltd Notes to the Accounts for the year ended 31 May 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
CORKER, Graeme
Director's loan account- Graeme Corker
5,744 
- 
7,900 
(2,156)
WILLIAMS, Jason
Directors' Loan Account- Jason Williams
5,312 
- 
7,900 
(2,588)
11,056 
- 
15,800 
(4,744)
At the financial period end date, the Directors loan accounts were overdrawn by £4744, and the loan is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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