Company Registration No. 05196896 (England and Wales)
Small Giant Media Ltd
Unaudited accounts
for the year ended 31 August 2024
Small Giant Media Ltd
Unaudited accounts
Contents
Small Giant Media Ltd
Company Information
for the year ended 31 August 2024
Directors
Timothy Banks
Stephen Green
Company Number
05196896 (England and Wales)
Registered Office
4 Lewes Close
Saltdean
Brighton
East Sussex
BN2 8DN
Small Giant Media Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,523
2,370
Cash at bank and in hand
22,533
10,666
Creditors: amounts falling due within one year
(42,274)
(28,383)
Net current assets
11,162
12,879
Total assets less current liabilities
13,685
15,249
Creditors: amounts falling due after more than one year
(3,279)
(7,214)
Called up share capital
2
2
Profit and loss account
10,404
8,033
Shareholders' funds
10,406
8,035
For the year ending 31 August 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 20 May 2025 and were signed on its behalf by
Timothy Banks
Director
Company Registration No. 05196896
Small Giant Media Ltd
Notes to the Accounts
for the year ended 31 August 2024
Small Giant Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 05196896. The registered office is 4 Lewes Close, Saltdean, Brighton, East Sussex, BN2 8DN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% on a straight line basis
Computer equipment
25% on a straight line basis
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.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
330
4,402
4,732
At 31 August 2024
746
5,501
6,247
At 1 September 2023
330
2,032
2,362
Charge for the year
104
1,258
1,362
At 31 August 2024
434
3,290
3,724
At 31 August 2024
312
2,211
2,523
At 31 August 2023
-
2,370
2,370
Small Giant Media Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
15,476
15,987
Accrued income and prepayments
7,190
6,372
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,935
3,936
Taxes and social security
24,496
19,969
Loans from directors
12,424
2,567
7
Creditors: amounts falling due after more than one year
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 2 (2023: 2).