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Company No: 5746994 (England and Wales)

QUICKSILVER MEDIA LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

QUICKSILVER MEDIA LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

QUICKSILVER MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
QUICKSILVER MEDIA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 263 352
263 352
Current assets
Debtors 4 37,935 124,768
Cash at bank and in hand 87,735 77,144
125,670 201,912
Creditors: amounts falling due within one year 5 ( 27,727) ( 75,678)
Net current assets 97,943 126,234
Total assets less current liabilities 98,206 126,586
Creditors: amounts falling due after more than one year 6 ( 23,710) ( 29,586)
Provision for liabilities ( 66) ( 67)
Net assets 74,430 96,933
Capital and reserves
Called-up share capital 7 600 600
Profit and loss account 73,830 96,333
Total shareholders' funds 74,430 96,933

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Quicksilver Media Limited (registered number: 5746994) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Jonathon James Horton
Director
Eamonn Anthony Matthews
Director

22 May 2025

QUICKSILVER MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
QUICKSILVER MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quicksilver Media Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 15 Woodgate Road, Northampton, NN4 6ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the company during the year, including directors 5 4

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 March 2024 2,000 2,000
At 28 February 2025 2,000 2,000
Accumulated depreciation
At 01 March 2024 1,648 1,648
Charge for the financial year 89 89
At 28 February 2025 1,737 1,737
Net book value
At 28 February 2025 263 263
At 29 February 2024 352 352

4. Debtors

2025 2024
£ £
Trade debtors 35,488 43,118
Other debtors 2,447 81,650
37,935 124,768

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 6,211 6,211
Trade creditors 5,149 36,845
Taxation and social security 9,038 25,143
Other creditors 7,329 7,479
27,727 75,678

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 23,710 29,586

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
400 Ordinary A shares of £ 1.00 each 400 400
200 Ordinary B shares of £ 1.00 each 200 200
600 600