iMack Media Ltd SC683752 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is advertising and marketing Digita Accounts Production Advanced 6.30.9574.0 true true SC683752 2024-01-01 2024-12-31 SC683752 2024-12-31 SC683752 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-12-31 SC683752 core:CurrentFinancialInstruments 2024-12-31 SC683752 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC683752 core:OtherResidualIntangibleAssets 2024-12-31 SC683752 core:FurnitureFittingsToolsEquipment 2024-12-31 SC683752 bus:SmallEntities 2024-01-01 2024-12-31 SC683752 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC683752 bus:FilletedAccounts 2024-01-01 2024-12-31 SC683752 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC683752 bus:RegisteredOffice 2024-01-01 2024-12-31 SC683752 bus:Director1 2024-01-01 2024-12-31 SC683752 bus:Director2 2024-01-01 2024-12-31 SC683752 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-01 2024-12-31 SC683752 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC683752 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SC683752 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC683752 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 SC683752 core:OfficeEquipment 2024-01-01 2024-12-31 SC683752 countries:Scotland 2024-01-01 2024-12-31 SC683752 2023-12-31 SC683752 core:OtherResidualIntangibleAssets 2023-12-31 SC683752 core:FurnitureFittingsToolsEquipment 2023-12-31 SC683752 2023-01-01 2023-12-31 SC683752 2023-12-31 SC683752 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 SC683752 core:CurrentFinancialInstruments 2023-12-31 SC683752 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC683752 core:OtherResidualIntangibleAssets 2023-12-31 SC683752 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC683752

iMack Media Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

iMack Media Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

iMack Media Ltd

Company Information

Directors

Mrs Karyn McCormack

Mr Robert McCormack

Registered office

3 Balgray Road
Barrmill
Beith
KA15 1HP

Accountants

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

iMack Media Ltd

(Registration number: SC683752)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

38,698

39,488

Tangible assets

5

390

610

 

39,088

40,098

Current assets

 

Debtors

6

81

1,016

Creditors: Amounts falling due within one year

7

(59,222)

(54,932)

Net current liabilities

 

(59,141)

(53,916)

Net liabilities

 

(20,053)

(13,818)

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

(20,055)

(13,820)

Shareholders' deficit

 

(20,053)

(13,818)

For the financial year 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

 

iMack Media Ltd

(Registration number: SC683752)
Balance Sheet as at 31 December 2024

.........................................
Mrs Karyn McCormack
Director

.........................................
Mr Robert McCormack
Director

 

iMack Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 Balgray Road
Barrmill
Beith
KA15 1HP

These financial statements were authorised for issue by the Board on 18 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

iMack Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class

Depreciation method and rate

office equipment

20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

website development

4% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

iMack Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

42,006

42,006

At 31 December 2024

42,006

42,006

Amortisation

At 1 January 2024

2,518

2,518

Amortisation charge

790

790

At 31 December 2024

3,308

3,308

Carrying amount

At 31 December 2024

38,698

38,698

At 31 December 2023

39,488

39,488

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

953

953

At 31 December 2024

953

953

Depreciation

At 1 January 2024

343

343

Charge for the year

220

220

At 31 December 2024

563

563

Carrying amount

At 31 December 2024

390

390

At 31 December 2023

610

610

6

Debtors

 

iMack Media Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current

2024
£

2023
£

Other debtors

81

1,016

 

81

1,016

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

12,617

3,178

Trade creditors

 

-

9,142

Other creditors

 

46,605

42,612

 

59,222

54,932

Creditors: amounts falling due after more than one year

2024
£

2023
£

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

12,617

3,178