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REGISTERED NUMBER: 09730787 (England and Wales)














INNOVATION MEDIA LTD

Unaudited Financial Statements

for the Year Ended 31 March 2025






INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


INNOVATION MEDIA LTD

Company Information
for the Year Ended 31 March 2025







Directors: Mr A Fassnidge
Ms L Adair





Registered office: 20-22 Wenlock Road
London
N1 7GU





Registered number: 09730787 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,920 4,579
Investments 5 32,573 7,928
40,493 12,507

CURRENT ASSETS
Debtors 6 90,258 81,018
Cash at bank 217,384 165,054
307,642 246,072
CREDITORS
Amounts falling due within one year 7 94,760 64,936
NET CURRENT ASSETS 212,882 181,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,375

193,643

CREDITORS
Amounts falling due after more than
one year

8

5,333

13,333
NET ASSETS 248,042 180,310

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 247,917 180,185
248,042 180,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Mr A Fassnidge - Director


INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Innovation Media Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2024 8,467
Additions 6,589
Disposals (516 )
At 31 March 2025 14,540
Depreciation
At 1 April 2024 3,888
Charge for year 2,919
Eliminated on disposal (187 )
At 31 March 2025 6,620
Net book value
At 31 March 2025 7,920
At 31 March 2024 4,579

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 April 2024 7,928
Additions 278,267
Disposals (254,426 )
Revaluations 786
Exchange differences 18
At 31 March 2025 32,573
Net book value
At 31 March 2025 32,573
At 31 March 2024 7,928

INNOVATION MEDIA LTD (REGISTERED NUMBER: 09730787)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2025 is represented by:

Other
investments
£   
Valuation in 2024 786
Cost 31,787
32,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 36,868 18,672
Other debtors 53,390 62,346
90,258 81,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,264 8,000
Trade creditors 51 80
Taxation and social security 59,494 19,076
Other creditors 26,951 37,780
94,760 64,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 5,333 13,333