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Registered number: 06037641
Q-BALL MEDIA LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06037641
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,611 8,888
6,611 8,888
CURRENT ASSETS
Cash at bank and in hand 27,041 29,049
27,041 29,049
Creditors: Amounts Falling Due Within One Year 6 (85,709 ) (74,263 )
NET CURRENT ASSETS (LIABILITIES) (58,668 ) (45,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,057 ) (36,326 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,040 ) (1,040 )
NET LIABILITIES (53,097 ) (37,366 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (53,098 ) (37,367 )
SHAREHOLDERS' FUNDS (53,097) (37,366)
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Quentin O'Gorman
Director
28 August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Q-BALL MEDIA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06037641 . The registered office is 5 Beechwood Avenue, Newton Abbot, Devon, TQ12 4LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 35,000
As at 31 December 2024 35,000
Amortisation
As at 1 January 2024 35,000
As at 31 December 2024 35,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
Page 3
Page 4
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 39,375
As at 31 December 2024 39,375
Depreciation
As at 1 January 2024 30,487
Provided during the period 2,277
As at 31 December 2024 32,764
Net Book Value
As at 31 December 2024 6,611
As at 1 January 2024 8,888
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 85,126 63,187
Taxation and social security 583 11,076
85,709 74,263
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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