1 October 2023 false No description of principal activity Taxfiler 2024.6 08708163business:PrivateLimitedCompanyLtd2023-10-012024-09-30 087081632023-09-30 087081632023-10-012024-09-30 08708163business:AuditExemptWithAccountantsReport2023-10-012024-09-30 08708163business:FilletedAccounts2023-10-012024-09-30 087081632024-09-30 08708163business:Director12023-10-012024-09-30 08708163business:Director22023-10-012024-09-30 08708163business:RegisteredOffice2023-10-012024-09-30 087081632023-09-30 08708163core:WithinOneYear2024-09-30 08708163core:WithinOneYear2023-09-30 08708163core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 08708163core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 08708163core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 08708163core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 08708163core:PreviouslyStatedAmount2024-09-30 08708163core:PreviouslyStatedAmount2023-09-30 08708163business:SmallEntities2023-10-012024-09-30 08708163countries:EnglandWales2023-10-012024-09-30 08708163core:PlantMachinery2023-10-012024-09-30 08708163core:Goodwill2023-09-30 08708163core:IntangibleAssetsOtherThanGoodwill2023-09-30 08708163core:Goodwill2024-09-30 08708163core:IntangibleAssetsOtherThanGoodwill2024-09-30 08708163core:PlantMachinery2023-09-30 08708163core:PlantMachinery2024-09-30 08708163core:AfterOneYear2024-09-30 08708163core:AfterOneYear2023-09-30 087081632022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08708163 (England and Wales)
SPOTMATIK LTD Unaudited accounts for the year ended 30 September 2024
SPOTMATIK LTD Unaudited accounts Contents
Page
- 2 -
SPOTMATIK LTD Company Information for the year ended 30 September 2024
Directors
J P Careless M Oherova
Company Number
08708163 (England and Wales)
Registered Office
128 City Road London EC1V 2NX England
Accountants
Cornerstone Accountancy Ltd 23 Summers Lane North Finchley London N12 0PE
- 3 -
SPOTMATIK LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
214 
4,281 
Current assets
Debtors
440,406 
443,200 
Cash at bank and in hand
46,430 
59,427 
486,836 
502,627 
Creditors: amounts falling due within one year
(539,827)
(542,058)
Net current liabilities
(52,991)
(39,431)
Total assets less current liabilities
(52,777)
(35,150)
Provisions for liabilities
Deferred tax
(40)
(813)
Net liabilities
(52,817)
(35,963)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(52,917)
(36,063)
Shareholders' funds
(52,817)
(35,963)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by
J P Careless Director Company Registration No. 08708163
- 4 -
SPOTMATIK LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SPOTMATIK LTD is a private company, limited by shares, registered in England and Wales, registration number 08708163. The registered office is 128 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue
Revenue represents the net invoiced sales of stock footage, excluding Value Added Tax. Revenue from stock footage is recognised in the profit and loss account at the point of sale which is when the content is downloaded from online collections.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
- 25% on a straight line basis
Intangible fixed assets (including goodwill)
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years. Intangible assets, other than goodwill comprise photo stock collections and are currently amortised over 3 years.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
SPOTMATIK LTD Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 October 2023
1,000,000 
58,994 
1,058,994 
At 30 September 2024
1,000,000 
58,994 
1,058,994 
Amortisation
At 1 October 2023
1,000,000 
58,994 
1,058,994 
At 30 September 2024
1,000,000 
58,994 
1,058,994 
Net book value
At 30 September 2024
- 
- 
- 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
203,406 
At 30 September 2024
203,406 
Depreciation
At 1 October 2023
199,125 
Charge for the year
4,067 
At 30 September 2024
203,192 
Net book value
At 30 September 2024
214 
At 30 September 2023
4,281 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
536 
1,101 
Accrued income and prepayments
4,500 
- 
Other debtors
194 
7,367 
5,230 
8,468 
Amounts falling due after more than one year
Other debtors
435,176 
434,732 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,000 
- 
Taxes and social security
142 
- 
Other creditors
4,118 
- 
Loans from directors
519,117 
540,608 
Accruals
1,450 
1,450 
539,827 
542,058 
- 6 -
SPOTMATIK LTD Notes to the Accounts for the year ended 30 September 2024
8
Transactions with related parties
During the year the Company made advances on loans to two companies under common control. The balances, within other debtors due in more than one year, comprised of an opening balance of £434,732 and further advances totalling £444 leaving a closing balance of £435,176 (2023: £434,732). These loans are unsecured, interest free and there are no fixed repayment terms. It is not expected that any of the loans will be repaid in the next 12 months.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -