Company Registration No. 05395691 (England and Wales)
Skim New Media Limited
Unaudited accounts
for the year ended 31 March 2025
Skim New Media Limited
Unaudited accounts
Contents
Skim New Media Limited
Company Information
for the year ended 31 March 2025
Directors
Mr David James Jarvis
Mrs Tamsyn Michaela Jarvis
Secretary
Mr David James Jarvis
Company Number
05395691 (England and Wales)
Registered Office
Hillside Cottage
Hessenford
Torpoint
Cornwall
PL11 3HH
UK
Accountants
AG Accountancy Ltd
Coombe Mill Farm
Pillaton
Saltash
Cornwall
PL12 5AN
Skim New Media Limited
Statement of financial position
as at 31 March 2025
Tangible assets
33,896
35,404
Cash at bank and in hand
3,405
10,450
Creditors: amounts falling due within one year
(47,062)
(42,510)
Net current liabilities
(31,823)
(16,932)
Total assets less current liabilities
2,073
18,472
Provisions for liabilities
Deferred tax
(1,127)
(1,208)
Called up share capital
2
2
Profit and loss account
944
17,262
Shareholders' funds
946
17,264
For the year ending 31 March 2025 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 29 August 2025 and were signed on its behalf by
Mrs Tamsyn Michaela Jarvis
Director
Company Registration No. 05395691
Skim New Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Skim New Media Limited is a private company, limited by shares, registered in England and Wales, registration number 05395691. The registered office is Hillside Cottage, Hessenford, Torpoint, Cornwall, PL11 3HH, UK.
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.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing Balance Method
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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Intangible fixed assets
Goodwill
Skim New Media Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
34,994
71,399
106,393
At 31 March 2025
34,994
73,415
108,409
At 1 April 2024
5,949
65,040
70,989
Charge for the year
700
2,824
3,524
At 31 March 2025
6,649
67,864
74,513
At 31 March 2025
28,345
5,551
33,896
At 31 March 2024
29,045
6,359
35,404
Amounts falling due within one year
Accrued income and prepayments
7,028
8,644
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
16,785
13,853
Other creditors
2,097
2,100
Loans from directors
26,433
25,236
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).