Registered number
14864032
Earthworm Media Ltd
Unaudited Filleted Accounts
31 March 2025
Earthworm Media Ltd
Registered number: 14864032
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 721 323
Current assets
Cash at bank and in hand 11,500 17,629
Creditors: amounts falling due within one year 4 (11,003) (16,512)
Net current assets 497 1,117
Net assets 1,218 1,440
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,118 1,340
Shareholder's funds 1,218 1,440
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Record
Director
Approved by the board on 28 May 2025
Earthworm Media Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods, less tax losses. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2024 430
Additions 639
At 31 March 2025 1,069
Depreciation
At 1 April 2024 107
Charge for the year 241
At 31 March 2025 348
Net book value
At 31 March 2025 721
At 31 March 2024 323
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 7,813 8,449
Other creditors 3,190 8,063
11,003 16,512
5 Other information
Earthworm Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
61 Ivy Street
Rainham
ME8 8BE
Earthworm Media Ltd 14864032 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr K Record No description of principal activity 14864032 2023-05-12 2024-03-31 14864032 core:WithinOneYear 2024-03-31 14864032 core:ShareCapital 2024-03-31 14864032 core:RetainedEarningsAccumulatedLosses 2024-03-31 14864032 2024-04-01 2025-03-31 14864032 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14864032 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14864032 bus:Director40 2024-04-01 2025-03-31 14864032 1 2024-04-01 2025-03-31 14864032 2 2024-04-01 2025-03-31 14864032 core:PlantMachinery 2024-04-01 2025-03-31 14864032 countries:England 2024-04-01 2025-03-31 14864032 bus:FRS102 2024-04-01 2025-03-31 14864032 bus:FilletedAccounts 2024-04-01 2025-03-31 14864032 2025-03-31 14864032 core:WithinOneYear 2025-03-31 14864032 core:ShareCapital 2025-03-31 14864032 core:RetainedEarningsAccumulatedLosses 2025-03-31 14864032 core:PlantMachinery 2025-03-31 14864032 2024-03-31 14864032 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure