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REGISTERED NUMBER: 07323358 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Crashburn Media Limited

Crashburn Media Limited (Registered number: 07323358)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 7

Crashburn Media Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Mackfall





REGISTERED OFFICE: Propagation Studio No 5
Potager Garden
High Cross, Constantine
Falmouth
Cornwall
TR11 5RF





REGISTERED NUMBER: 07323358 (England and Wales)





ACCOUNTANT: Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT

Crashburn Media Limited (Registered number: 07323358)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,494 11,707

CURRENT ASSETS
Debtors 5 9,598 5,129
Cash at bank 817 617
10,415 5,746
CREDITORS
Amounts falling due within one year 6 10,793 12,345
NET CURRENT LIABILITIES (378 ) (6,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,116

5,108

CREDITORS
Amounts falling due after more than one
year

7

(10,776

)

(12,292

)

PROVISIONS FOR LIABILITIES (2,753 ) (2,224 )
NET ASSETS/(LIABILITIES) 587 (9,408 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 487 (9,508 )
SHAREHOLDERS' FUNDS 587 (9,408 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Crashburn Media Limited (Registered number: 07323358)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





R J Mackfall - Director


Crashburn Media Limited (Registered number: 07323358)

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


1. STATUTORY INFORMATION

Crashburn 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements - going concern
Despite the Net Current Liabilities position of the Company at the Balance Sheet date. the Director believes the adoption of the going concern basis of accounting is still appropriate in preparing the financial statements. Larger high profile projects have been a feature of the past 12 months and are continuing into the post year end period.

Turnover
Turnover represents the value of invoiced services, except where there are instances of service contracts where the company has obtained a right to consideration. The company is currently not registered for Value Added Tax.

Many customers are based outside of the UK, and invoiced in US dollars. This income is outside the scope of UK VAT. UK based turnover is currently within the threshold limits for the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Crashburn Media Limited (Registered number: 07323358)

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


2. ACCOUNTING POLICIES - continued

Grants
Grants are recognised in the profit and loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate. In the case of grants related to assets the company sets up the grant as deferred income with the annual release to match depreciation on the related asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 45,458 1,504 19,690 66,652
Additions 3,161 - 4,107 7,268
At 31 July 2024 48,619 1,504 23,797 73,920
DEPRECIATION
At 1 August 2023 35,450 150 19,345 54,945
Charge for year 2,633 135 1,713 4,481
At 31 July 2024 38,083 285 21,058 59,426
NET BOOK VALUE
At 31 July 2024 10,536 1,219 2,739 14,494
At 31 July 2023 10,008 1,354 345 11,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,438 5,129
Directors' current accounts 7,160 -
9,598 5,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,705 2,107
Tax 3,797 224
Other creditors 4,391 6,345
Directors' current accounts - 69
Accrued expenses 900 3,600
10,793 12,345

Crashburn Media Limited (Registered number: 07323358)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,539 1,536
Bank loans - 2-5 years 4,707 4,608
Bank loans more 5 yr by instal 4,530 6,148
10,776 12,292

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,530 6,148

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
R J Mackfall
Balance outstanding at start of year - 3,979
Amounts advanced 7,159 -
Amounts repaid - (3,979 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,159 -

At the balance sheet date the director owed £7,159 back to the company. This was the balance on his director's current account and is disclosed within other debtors.

The main conditions regarding advances and credits were that sums were to be repaid to the company as soon as possible and any overdrawn balance at a month end in excess of £10,000 each would incur interest at the official rate of interest. The official rate of interest during the period was 2.25% throughout the period.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,500 were paid to the director .

Chartered Certified Accountant's Report to the Director
on the Unaudited Financial Statements of
Crashburn Media Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Crashburn Media Limited for the year ended 31 July 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Crashburn Media Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Crashburn Media Limited and state those matters that I have agreed to state to the director of Crashburn Media Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Crashburn Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Crashburn Media Limited. You consider that Crashburn Media Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Crashburn Media Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT


28 April 2025