Registered number
07705209
Engine House Media Ltd
Filleted Accounts
31 December 2024
Engine House Media Ltd Registered number:
07705209
Balance Sheet as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,555 12,199
Current assets
Debtors 4 107,562 86,205
Cash at bank and in hand 23,236 36,427
130,798 122,632
Creditors: amounts falling due within one year 5 (229,579) (151,262)
Net current liabilities (98,781) (28,630)
Total assets less current liabilities (91,226) (16,431)
Creditors: amounts falling due after more than one year 6 (50,546) (105,981)
Provisions for liabilities (4,258) (5,610)
Net liabilities (146,030) (128,022)
Capital and reserves
Called up share capital 2,286 2,286
Share premium 99,900 99,900
Profit and loss account (248,216) (230,208)
Shareholders' funds (146,030) (128,022)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
….........................................................................
A Forster Director
Approved by the board on 4 June 2025
Engine House Media Ltd
Notes to the Accounts
for the year ended 31 December 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant and machinery over 2 - 5 years
Fixtures, fittings, tools and equipment over 2 - 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 118,907 53,649 172,556
At 31 December 2024 118,907 53,649 172,556
Depreciation
At 1 January 2024 117,373 42,984 160,357
Charge for the year 1,445 3,199 4,644
At 31 December 2024 118,818 46,183 165,001
Net book value
At 31 December 2024 89 7,466 7,555
At 31 December 2023 1,534 10,665 12,199
4 Debtors 2024 2023
£ £
Trade debtors 55,268 69,064
Amounts owed by group undertakings and undertakings in which the company has a participating interest 38,026 -
Other debtors 14,268 17,141
107,562 86,205
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 101,890 122,486
Obligations under finance lease and hire purchase contracts 3,397 3,058
Trade creditors 7,938 22,623
Amounts owed to group undertakings and undertakings in which the company has a participating interest 114,583 -
Other creditors 1,771 3,095
229,579 151,262
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 45,154 97,192
Obligations under finance lease and hire purchase contracts 5,392 8,789
50,546 105,981
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 147,044 219,678
The bank loans are secured by a fixed and floating charge over the assets of the company.
8 Related party transactions
Due to their directorships of, and shareholdings in, The Leven Media Group Ltd the directors are materially interested in Black Dog Logistics Ltd and The Ocean Agency Ltd.
All transactions between the companies have been concluded under normal market conditions.
9 Controlling party
The company is ultimately controlled by the directors, Mr A Forster and Mr B Pratchett, by virtue of their controlling interest in the issued share capital of Leven Media Group Ltd, which owns 94% of the company's issued share capital.
10 Other information
Engine House Media Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Holbrook
The Moors
Porthleven
Cornwall
TR13 9JX
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