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REGISTERED NUMBER: 03691200 (England and Wales)















PRESENCE MULTIMEDIA LIMITED

Unaudited Financial Statements For The Year Ended 28 February 2025






PRESENCE MULTIMEDIA LIMITED (REGISTERED NUMBER: 03691200)






Contents of the Financial Statements
For The Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

PRESENCE MULTIMEDIA LIMITED

Company Information
For The Year Ended 28 February 2025







DIRECTOR: P Lindsay





SECRETARY: P Lindsay





REGISTERED OFFICE: 46 Leafield Close
Birtley
Co. Durham
DH3 1RX





REGISTERED NUMBER: 03691200 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

PRESENCE MULTIMEDIA LIMITED (REGISTERED NUMBER: 03691200)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 810 1,456

CURRENT ASSETS
Stocks 5,000 5,500
Cash at bank 164,364 189,906
169,364 195,406
CREDITORS
Amounts falling due within one year 5 18,262 18,563
NET CURRENT ASSETS 151,102 176,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,912

178,299

PROVISIONS FOR LIABILITIES 7 138 257
NET ASSETS 151,774 178,042

CAPITAL AND RESERVES
Called up share capital 341 341
Capital redemption reserve 150 150
Retained earnings 151,283 177,551
SHAREHOLDERS' FUNDS 151,774 178,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 June 2025 and were signed by:



P Lindsay - Director


PRESENCE MULTIMEDIA LIMITED (REGISTERED NUMBER: 03691200)

Notes to the Financial Statements
For The Year Ended 28 February 2025

1. STATUTORY INFORMATION

Presence Multimedia Limited 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work.

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 - 50% on cost
Fixtures and fittings - 10% on cost

Stocks
Stock consists wholly of work in progress. This is valued at cost plus a margin that reflects how complete the work has progressed. Net realisable value exceeds the value of work in progress.

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 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.

Estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

PRESENCE MULTIMEDIA LIMITED (REGISTERED NUMBER: 03691200)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2024 2,773 154 2,927
Additions 425 85 510
Disposals - (154 ) (154 )
At 28 February 2025 3,198 85 3,283
DEPRECIATION
At 1 March 2024 1,431 40 1,471
Charge for year 1,040 2 1,042
Eliminated on disposal - (40 ) (40 )
At 28 February 2025 2,471 2 2,473
NET BOOK VALUE
At 28 February 2025 727 83 810
At 29 February 2024 1,342 114 1,456

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 538 128
Taxation and social security 9,300 7,503
Other creditors 8,424 10,932
18,262 18,563

6. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 138 257

Deferred
tax
£   
Balance at 1 March 2024 257
Provided during year (119 )
Balance at 28 February 2025 138

8. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

PRESENCE MULTIMEDIA LIMITED

Report of the Accountants to the Director of
Presence Multimedia Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


16 June 2025