REGISTERED NUMBER: 11718041 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Daniel Cockett Media Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Cockett

REGISTERED OFFICE:

73 Duke Street

Darlington

Co. Durham

DL3 7SD

REGISTERED NUMBER:

11718041 (England and Wales)

ACCOUNTANTS:

SW Accountants & Business Advisors

73 Duke Street

Darlington

Co. Durham

DL3 7SD

FIXED ASSETS

Tangible assets

4

196,406

203,919

Investments

5

482,848

480,492

679,254

684,411

CURRENT ASSETS

Debtors

6

421,323

390,096

Cash at bank

37,385

20,184

458,708

410,280

CREDITORS

Amounts falling due within one year

7

147,608

197,337

NET CURRENT ASSETS

311,100

212,943

TOTAL ASSETS LESS CURRENT LIABILITIES

990,354

897,354

CREDITORS

Amounts falling due after more than one year

8

(75,053

)

(93,338

)

PROVISIONS FOR LIABILITIES

(38,150

)

(34,614

)

NET ASSETS

877,151

769,402

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

877,150

769,401

SHAREHOLDERS' FUNDS

877,151

769,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

D Cockett - Director

1.	STATUTORY INFORMATION

Daniel Cockett Media Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

-

4,461

267,139

68,419

340,019

Additions

44,493

-

-

3,045

47,538

At 31 December 2024

44,493

4,461

267,139

71,464

387,557

DEPRECIATION

At 1 January 2024

-

359

106,746

28,995

136,100

Charge for year

4,063

615

40,098

10,275

55,051

At 31 December 2024

4,063

974

146,844

39,270

191,151

NET BOOK VALUE

At 31 December 2024

40,430

3,487

120,295

32,194

196,406

At 31 December 2023

-

4,102

160,393

39,424

203,919

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

144,639

DEPRECIATION

At 1 January 2024

35,926

Charge for year

27,178

At 31 December 2024

63,104

NET BOOK VALUE

At 31 December 2024

81,535

At 31 December 2023

108,713

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

480,492

Additions

10,000

Disposals

(50,000

)

Revaluations

42,356

At 31 December 2024

482,848

NET BOOK VALUE

At 31 December 2024

482,848

At 31 December 2023

480,492

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2021

6,378

Valuation in 2022

(21,948

)

Valuation in 2023

36,062

Valuation in 2024

42,356

Cost

420,000

482,848

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

420,000

460,000

Fixed asset investments were valued on an open market basis on 31 December 2024 by St James's Place .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

4,039

-

Other debtors

391,500

350,000

Directors' current accounts

9,655

9,789

VAT

11,610

-

Prepayments

4,519

30,307

421,323

390,096

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

30

-

Hire purchase contracts

18,286

18,286

Tax

89,220

156,741

Social security and other taxes

4,895

-

VAT

-

19,251

Other creditors

33,552

1,509

Accrued expenses

1,625

1,550

147,608

197,337

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

75,053

93,338

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

D Cockett

Balance outstanding at start of year

9,789

9,693

Amounts repaid

(134

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,655

9,789