REGISTERED NUMBER: SC485510 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Lane Media Agency Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B A Fearn

P Borthwick

REGISTERED OFFICE:

Fettes Park

496 Ferry Road

Edinburgh

EH5 2DL

REGISTERED NUMBER:

SC485510 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

4

105,862

95,889

CURRENT ASSETS

Debtors

5

737,544

660,008

Cash at bank

957,507

226,987

1,695,051

886,995

CREDITORS

Amounts falling due within one year

6

1,543,284

721,272

NET CURRENT ASSETS

151,767

165,723

TOTAL ASSETS LESS CURRENT LIABILITIES

257,629

261,612

CREDITORS

Amounts falling due after more than one year

7

(105,895

)

(160,448

)

PROVISIONS FOR LIABILITIES

(12,000

)

(24,000

)

NET ASSETS

139,734

77,164

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

139,534

76,964

139,734

77,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 18 September 2025 and were signed on its behalf by:

B A Fearn - Director

1.	STATUTORY INFORMATION

The Lane Media Agency Limited 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.

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.

Fixtures and fittings

-

25% on cost and 10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 16 (2023 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

158,815

Additions

45,265

At 31 December 2024

204,080

DEPRECIATION

At 1 January 2024

62,926

Charge for year

35,292

At 31 December 2024

98,218

NET BOOK VALUE

At 31 December 2024

105,862

At 31 December 2023

95,889

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

333,882

497,230

Amounts owed by group undertakings

132,319

-

Other debtors

271,343

162,778

737,544

660,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

69,322

62,627

Hire purchase contracts

19,892

13,010

Trade creditors

627,807

353,584

Amounts owed to group undertakings

-

1,368

Taxation and social security

364,654

264,263

Other creditors

461,609

26,420

1,543,284

721,272

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

31,028

100,350

Hire purchase contracts

74,867

60,098

105,895

160,448

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

Ms A R Findlay

Balance outstanding at start of year

16

-

Amounts advanced

-

16

Amounts repaid

(16

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

16

9.	ULTIMATE CONTROLLING PARTY

The controlling party is The Lane Media Holdings Ltd.