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No description of principal activities is disclosed
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Company registration number:
07384798
Echo Digital Media Limited
Unaudited filleted financial statements
for the 15 month period ended
31 December 2024
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Echo Digital Media Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Echo Digital Media Limited
Directors and other information
|
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Directors |
Paul Smolinski |
|
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Dean Forbes |
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Company number |
07384798 |
|
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|
|
|
|
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Registered office |
5 Hagley Court South |
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The Waterfront |
|
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Brierley Hill |
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|
West Midlands |
|
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|
DY5 1XE |
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Business address |
17 Manor Way |
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Belasis Hall Technology Park |
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Billingham |
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TS23 4HN |
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Accountants |
Thomas Nock Martin Limited |
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5 Hagley Court South |
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The Waterfront |
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Brierley Hill |
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West Midlands |
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DY5 1XE |
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Echo Digital Media Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Echo Digital Media Limited
Period ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Echo Digital Media Limited for the period ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Echo Digital Media Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Echo Digital Media Limited and state those matters that we have agreed to state to the board of directors of Echo Digital Media Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Echo Digital Media Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Echo Digital Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Echo Digital Media Limited. You consider that Echo Digital Media Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Echo Digital Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
20 June 2025
Echo Digital Media Limited
Statement of financial position
31 December 2024
|
|
|
31/12/24 |
|
|
|
30/09/23 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
- |
|
|
|
- |
|
|
|
Tangible assets |
|
7 |
11,875 |
|
|
|
8,204 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
11,875 |
|
|
|
8,204 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
8 |
160,628 |
|
|
|
90,741 |
|
|
|
Cash at bank and in hand |
|
|
1,265,060 |
|
|
|
711,327 |
|
|
|
|
|
_________ |
|
|
|
_______ |
|
|
|
|
|
1,425,688 |
|
|
|
802,068 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
587,026) |
|
|
|
(
321,243) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
838,662 |
|
|
|
480,825 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
850,537 |
|
|
|
489,029 |
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
2,970) |
|
|
|
(
2,060) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_________ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
847,567 |
|
|
|
486,969 |
|
|
|
|
|
_________ |
|
|
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_______ |
|
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|
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|
|
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|
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Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
10 |
|
|
100 |
|
|
|
100 |
|
Profit and loss account |
|
|
|
|
847,467 |
|
|
|
486,869 |
|
|
|
|
|
_________ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
847,567 |
|
|
|
486,969 |
|
|
|
|
|
_________ |
|
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|
_______ |
|
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|
|
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|
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|
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
Paul Smolinski
Director
Company registration number:
07384798
Echo Digital Media Limited
Notes to the financial statements
Period ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the value of work done, excluding value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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 assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
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Fixtures, fittings & computer equipment |
- |
15% reducing balance and 33% straight line |
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|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Defined contribution plans
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.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
13
(2023:
14
).
5.
Dividends
Equity dividends
|
|
|
Period |
Year |
|
|
|
ended |
ended |
|
|
|
31/12/24 |
30/09/23 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Dividends paid during the period (excluding those for which a liability existed at the end of the prior year) |
|
- |
10,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2023 and 31 December 2024 |
1,500 |
1,500 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 October 2023 and 31 December 2024 |
1,500 |
1,500 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
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At 31 December 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
51,323 |
51,323 |
|
|
|
|
|
|
Additions |
7,740 |
7,740 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2024 |
59,063 |
59,063 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
43,119 |
43,119 |
|
|
|
|
|
|
Charge for the year |
4,069 |
4,069 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2024 |
47,188 |
47,188 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2024 |
11,875 |
11,875 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 30 September 2023 |
8,204 |
8,204 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
31/12/24 |
30/09/23 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade debtors |
|
157,267 |
87,988 |
|
Other debtors |
|
3,361 |
2,753 |
|
|
|
_______ |
_______ |
|
|
|
160,628 |
90,741 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
31/12/24 |
30/09/23 |
|
|
|
£ |
£ |
|
|
|
|
|
|
Trade creditors |
|
12,444 |
12,248 |
|
Corporation tax |
|
122,400 |
27,700 |
|
Social security and other taxes |
|
68,713 |
41,510 |
|
Other creditors |
|
383,469 |
239,785 |
|
|
|
_______ |
_______ |
|
|
|
587,026 |
321,243 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Called up share capital
Issued, called up and fully paid
|
|
|
31/12/24 |
|
|
|
30/09/23 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Ordinary A shares of £
1.00 each |
|
10 |
|
10 |
|
10 |
|
10 |
|
Ordinary B shares of £
1.00 each |
|
10 |
|
10 |
|
10 |
|
10 |
|
Ordinary C shares of £
1.00 each |
|
80 |
|
80 |
|
80 |
|
80 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
11.
Related party transactions
During the period, the company paid management charges of £nil (2023 £240,000) to G & J Micros Limited, formerly BM Software Solutions Limited, a company of which James Cronie and Graeme Bailey have a material interest. The company has been recharged costs of £3,361 during the period and at the balance sheet date £239,361 (2023 £236,000) remained outstanding and is included in creditors.
12.
Controlling party
BM Group Holdings Limited
, the immediate parent company, controls the company by virtue of a controlling interest of 100% of the issued share capital. From 3 January 2025, the ultimate parent company is Forterro UK Ltd. The registered office and trading address of Forterro UK Ltd is; 2nd Floor25 Golden SquareLondonUnited KingdomW1F 9LU