8 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08575205 2024-01-01 2024-12-31 08575205 2024-12-31 08575205 2023-12-31 08575205 2023-01-01 2023-12-31 08575205 2023-12-31 08575205 2022-12-31 08575205 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 08575205 core:MotorVehicles 2024-01-01 2024-12-31 08575205 bus:Director2 2024-01-01 2024-12-31 08575205 core:NetGoodwill 2024-12-31 08575205 core:FurnitureFittingsToolsEquipment 2023-12-31 08575205 core:MotorVehicles 2023-12-31 08575205 core:FurnitureFittingsToolsEquipment 2024-12-31 08575205 core:MotorVehicles 2024-12-31 08575205 core:WithinOneYear 2024-12-31 08575205 core:WithinOneYear 2023-12-31 08575205 core:ShareCapital 2024-12-31 08575205 core:ShareCapital 2023-12-31 08575205 core:RetainedEarningsAccumulatedLosses 2024-12-31 08575205 core:RetainedEarningsAccumulatedLosses 2023-12-31 08575205 core:NetGoodwill 2023-12-31 08575205 core:FurnitureFittingsToolsEquipment 2023-12-31 08575205 core:MotorVehicles 2023-12-31 08575205 bus:SmallEntities 2024-01-01 2024-12-31 08575205 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08575205 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08575205 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08575205 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 08575205
Stand Out Multimedia Limited
Unaudited filleted financial statements
31 December 2024
Stand Out Multimedia Limited
Contents
Statement of financial position
Notes to the financial statements
Stand Out Multimedia Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 14,811 26,152
_______ _______
14,811 26,152
Current assets
Debtors 7 83,782 75,332
Cash at bank and in hand 471,505 420,821
_______ _______
555,287 496,153
Creditors: amounts falling due
within one year 8 ( 78,475) ( 62,498)
_______ _______
Net current assets 476,812 433,655
_______ _______
Total assets less current liabilities 491,623 459,807
_______ _______
Net assets 491,623 459,807
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 491,523 459,707
_______ _______
Shareholders funds 491,623 459,807
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr N S Fagg
Director
Company registration number: 08575205
Stand Out Multimedia Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stand Out Multimedia Limited, 10 Metford, Evegate Business Park, Smeeth, Ashford, Kent, TN25 6SX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33.33 % straight line
Motor vehicles - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 85,000 85,000
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 85,000 85,000
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 13,965 52,950 66,915
Additions 233 - 233
_______ _______ _______
At 31 December 2024 14,198 52,950 67,148
_______ _______ _______
Depreciation
At 1 January 2024 10,368 30,395 40,763
Charge for the year 1,908 9,666 11,574
_______ _______ _______
At 31 December 2024 12,276 40,061 52,337
_______ _______ _______
Carrying amount
At 31 December 2024 1,922 12,889 14,811
_______ _______ _______
At 31 December 2023 3,597 22,555 26,152
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 56,748 26,855
Other debtors 27,034 48,477
_______ _______
83,782 75,332
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 23,345 50,086
Corporation tax 38,142 2,031
Social security and other taxes 7,836 2,470
Other creditors 9,152 7,911
_______ _______
78,475 62,498
_______ _______