REGISTERED NUMBER: 10053239 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

NIX MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs R M Joseph

REGISTERED OFFICE:

95 Wood Vale

London

N10 3DL

REGISTERED NUMBER:

10053239 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Tangible assets

4

2,080

3,005

CURRENT ASSETS

Stocks

5

-

17,998

Cash at bank

24,616

40,548

24,616

58,546

CREDITORS

Amounts falling due within one year

6

9,085

19,636

NET CURRENT ASSETS

15,531

38,910

TOTAL ASSETS LESS CURRENT LIABILITIES

17,611

41,915

PROVISIONS FOR LIABILITIES

7

395

571

NET ASSETS

17,216

41,344

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

16,216

40,344

SHAREHOLDERS' FUNDS

17,216

41,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 4 September 2025 and were signed by:

Mrs R M Joseph - Director

1.	STATUTORY INFORMATION

Nix Media Limited 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.

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.

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

5,107

Additions

582

Disposals

(1,718

)

At 31 March 2025

3,971

DEPRECIATION

At 1 April 2024

2,102

Charge for year

587

Eliminated on disposal

(798

)

At 31 March 2025

1,891

NET BOOK VALUE

At 31 March 2025

2,080

At 31 March 2024

3,005

5.

STOCKS

2025

2024

£

£

Work-in-progress

-

17,998

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

7,183

6,303

Social security and other taxes

334

(168

)

VAT

350

23

Other creditors

-

833

Directors' loan accounts

218

11,645

Accrued expenses

1,000

1,000

9,085

19,636

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

395

571

Deferred

tax

£

Balance at 1 April 2024

571

Accelerated capital allowances

(176

)

Balance at 31 March 2025

395

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R M Joseph.