Sleeping Giant Media Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06705616

Sleeping Giant Media Limited

Filleted Unaudited Financial Statements

31 December 2024

Sleeping Giant Media Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Sleeping Giant Media Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		57,627	92,394

Current assets

Debtors	6	917,935	952,076
Cash at bank and in hand		561,231	865,682
		------------	------------
		1,479,166	1,817,758

Creditors: amounts falling due within one year	7	423,058		529,591
		------------		------------
Net current assets			1,056,108	1,288,167
			------------	------------
Total assets less current liabilities			1,113,735	1,380,561

Provisions

Taxation including deferred tax	13,913	22,496
	------------	------------
Net assets	1,099,822	1,358,065
	------------	------------

Capital and reserves

Called up share capital	91	91
Capital redemption reserve	9	9
Profit and loss account	1,099,722	1,357,965
	------------	------------
Shareholders funds	1,099,822	1,358,065
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Sleeping Giant Media Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

A T Klokkou

Director

Company registration number: 06705616

Sleeping Giant Media Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Civic Centre Eighth Floor, Castle Hill Avenue, Folkestone, Kent, CT20 2QY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 71 (2023: 80 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024	63,900	466,390	530,290
Additions	–	8,785	8,785
	--------	---------	---------
At 31 December 2024	63,900	475,175	539,075
	--------	---------	---------
Depreciation
At 1 January 2024	63,900	373,996	437,896
Charge for the year	–	43,552	43,552
	--------	---------	---------
At 31 December 2024	63,900	417,548	481,448
	--------	---------	---------
Carrying amount
At 31 December 2024	–	57,627	57,627
	--------	---------	---------
At 31 December 2023	–	92,394	92,394
	--------	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	437,241	576,119
Amounts owed by group undertakings and undertakings in which the company has a participating interest	198,100	319,966
Other debtors	282,594	55,991
	---------	---------
	917,935	952,076
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	66	66
Trade creditors	99,019	24,821
Corporation tax	20,895	71,180
Social security and other taxes	206,816	257,167
Other creditors	96,262	176,357
	---------	---------
	423,058	529,591
	---------	---------

8. Related party transactions

At the year end the company owed the directors £Nil (2023: £10,005).

9. Controlling party

The ultimate parent company is Percussion Group Limited , a company registered in England and Wales. The company's registered office is Civic Centre, Eighth Floor, Castle Hill Avenue, Folkestone, Kent, United Kingdom, CT20 2QY .