REGISTERED NUMBER: SC588687 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ZERTEX MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J F Hutchison

B J Hutchison

REGISTERED OFFICE:

Unit 6

Ben Nevis Way

Ben Nevis Industrial Estate

FORT WILLIAM

Inverness-Shire

PH33 6RU

REGISTERED NUMBER:

SC588687 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Tangible assets

4

48,553

48,103

Investments

5

1,967,174

1,447,160

2,015,727

1,495,263

CURRENT ASSETS

Stocks

583,071

-

Debtors

6

1,479,888

942,716

Cash at bank and in hand

1,135,799

1,548,139

3,198,758

2,490,855

CREDITORS

Amounts falling due within one year

7

406,888

342,481

NET CURRENT ASSETS

2,791,870

2,148,374

TOTAL ASSETS LESS CURRENT LIABILITIES

4,807,597

3,643,637

PROVISIONS FOR LIABILITIES

76,337

37,145

NET ASSETS

4,731,260

3,606,492

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,731,160

3,606,392

4,731,260

3,606,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

B J Hutchison - Director

1.	STATUTORY INFORMATION

Zertex Media Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

1,112

2,041

25,591

52,804

81,548

Additions

-

495

-

16,489

16,984

At 28 February 2025

1,112

2,536

25,591

69,293

98,532

DEPRECIATION

At 1 March 2024

482

966

5,118

26,879

33,445

Charge for year

126

507

4,095

11,806

16,534

At 28 February 2025

608

1,473

9,213

38,685

49,979

NET BOOK VALUE

At 28 February 2025

504

1,063

16,378

30,608

48,553

At 29 February 2024

630

1,075

20,473

25,925

48,103

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 March 2024

1,447,160

Additions

363,697

Revaluations

156,317

At 28 February 2025

1,967,174

NET BOOK VALUE

At 28 February 2025

1,967,174

At 29 February 2024

1,447,160

Cost or valuation at 28 February 2025 is represented by:

Other

investments

£

Valuation in 2024

97,160

Valuation in 2025

156,317

Cost

1,713,697

1,967,174

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

149,782

141,228

Other debtors

1,330,106

801,488

1,479,888

942,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,660

-

Taxation and social security

395,232

336,415

Other creditors

7,996

6,066

406,888

342,481