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REGISTERED NUMBER: SC370622 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Mackerel Media Limited

Mackerel Media Limited (Registered number: SC370622)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Mackerel Media Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr N I Craig
Mrs C Craig





REGISTERED OFFICE: 45 Hanover Street
Edinburgh
EH2 2PJ





REGISTERED NUMBER: SC370622 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Mackerel Media Limited (Registered number: SC370622)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,376 6,523
6,376 6,523

CURRENT ASSETS
Debtors 6 543,130 340,915
Cash at bank 1,321,961 1,050,326
1,865,091 1,391,241
CREDITORS
Amounts falling due within one year 7 675,724 416,107
NET CURRENT ASSETS 1,189,367 975,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,743

981,657

PROVISIONS FOR LIABILITIES 1,594 1,631
NET ASSETS 1,194,149 980,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,194,049 979,926
SHAREHOLDERS' FUNDS 1,194,149 980,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mr N I Craig - Director


Mackerel Media Limited (Registered number: SC370622)

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

1. STATUTORY INFORMATION

Mackerel Media Limited is a private company, limited by shares , registered in Scotland. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipments - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Mackerel Media Limited (Registered number: SC370622)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 13,275
AMORTISATION
At 1 February 2024
and 31 January 2025 13,275
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
At 1 February 2024 7,308 17,595 24,903
Additions 334 2,295 2,629
Disposals - (1,172 ) (1,172 )
At 31 January 2025 7,642 18,718 26,360
DEPRECIATION
At 1 February 2024 5,319 13,061 18,380
Charge for year 709 2,067 2,776
Eliminated on disposal - (1,172 ) (1,172 )
At 31 January 2025 6,028 13,956 19,984
NET BOOK VALUE
At 31 January 2025 1,614 4,762 6,376
At 31 January 2024 1,989 4,534 6,523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 534,337 326,251
Other debtors 4,073 4,073
Prepayments and accrued income 4,720 10,591
543,130 340,915

Mackerel Media Limited (Registered number: SC370622)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 239,675 114,869
Tax 89,509 133,248
Social security and other taxes 12,150 10,115
VAT 156,398 141,308
Other creditors 20,834 10,891
Pension fund 1,892 1,884
Directors' current accounts 1,387 1,736
Accrued expenses 153,879 2,056
675,724 416,107