Company Registration No. 05528247 (England and Wales)
Upshot Media Ltd
Unaudited accounts
for the year ended 28 February 2025
Upshot Media Ltd
Unaudited accounts
Contents
Upshot Media Ltd
Company Information
for the year ended 28 February 2025
Directors
Stuart Reed
Jason Goodyer
Company Number
05528247 (England and Wales)
Registered Office
51 Briars End
Witchford
Ely
Cambridgeshire
CB6 2GB
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
Upshot Media Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
31,374
25,196
Creditors: amounts falling due within one year
(14,350)
(11,750)
Net current assets
19,182
18,923
Total assets less current liabilities
19,990
18,996
Creditors: amounts falling due after more than one year
(13,498)
(16,376)
Called up share capital
200
200
Profit and loss account
6,292
2,420
Shareholders' funds
6,492
2,620
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Stuart Reed
Director
Company Registration No. 05528247
Upshot Media Ltd
Notes to the Accounts
for the year ended 28 February 2025
Upshot Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 05528247. The registered office is 51 Briars End, Witchford, Ely, Cambridgeshire, CB6 2GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Upshot Media Ltd
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,400
3,300
Taxes and social security
5,789
4,896
Upshot Media Ltd
Notes to the Accounts
for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).