Registered number
05596367
Fantastic Media UK Ltd
Unaudited Filleted Accounts
31 December 2024
Fantastic Media UK Ltd
Registered number: 05596367
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,733 34,937
Current assets
Debtors 4 1,603,954 1,340,155
Cash at bank and in hand 115,611 227,792
1,719,565 1,567,947
Creditors: amounts falling due within one year 5 (442,058) (429,064)
Net current assets 1,277,507 1,138,883
Total assets less current liabilities 1,306,240 1,173,820
Creditors: amounts falling due after more than one year 6 (35,417) (118,134)
Provisions for liabilities (7,183) (8,734)
Net assets 1,263,640 1,046,952
Capital and reserves
Called up share capital 90 90
Profit and loss account 1,263,550 1,046,862
Shareholders' funds 1,263,640 1,046,952
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Hobson Mr Andrew McCarthy
Director Director
Approved by the board on 1 September 2025
Fantastic Media UK Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 20% Straight line
Plant and machinery 33% Straight line
Fixtures, fittings, tools and equipment 20% Straight line
Motor vehicles 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 21
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 30,073 173,550 61,511 265,134
Additions 2,818 4,139 - 6,957
At 31 December 2024 32,891 177,689 61,511 272,091
Depreciation
At 1 January 2024 24,126 161,798 44,273 230,197
Charge for the year 2,345 7,368 3,448 13,161
At 31 December 2024 26,471 169,166 47,721 243,358
Net book value
At 31 December 2024 6,420 8,523 13,790 28,733
At 31 December 2023 5,947 11,752 17,238 34,937
4 Debtors 2024 2023
£ £
Trade debtors 389,945 353,414
Amounts owed by group undertakings and undertakings in which the company has a participating interest 993,712 698,255
Other debtors 220,297 288,486
1,603,954 1,340,155
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 82,717 79,592
Trade creditors 73,830 57,389
Amounts owed to group undertakings and undertakings in which the company has a participating interest 66,465 50,803
Taxation and social security costs 174,653 214,867
Other creditors 44,393 26,413
442,058 429,064
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,417 118,134
7 Loans 2024 2023
£ £
Creditors include:
Secured loans 118,134 197,727
The loan is secured on the assets of the Company.
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 212,826 260,033
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Andrew Hobson
Interest free, unsecured, repayable on demand 147,318 95,052 (125,817) 116,553
147,318 95,052 (125,817) 116,553
10 Related party transactions
During the year, the Company operated loans with other group companies. At the balance sheet date the amount payable from the other group companies was £993,712 (2023: £698,255). These loans are interest free, unsecured and repayable on demand.

During the year, the Company entered into a loan with a director. The balance due by the company at the year end was £Nil (2023 - £4,833). This loan is interest free, unsecured and repayable on demand.
11 Controlling party
The immediate controlling party is Cortex Advisory Group Limited by virtue of a 100% controlling interest in the company.
12 Other information
Fantastic Media UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8-16 Dock Street,
Leeds,
England,
LS10 1LX.
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