Registration number: 07458182

The Constant Media Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

The Constant Media Limited

Company Information

Directors

O D Helm A C Heron

Registered office

46 Hendrefoilan Road Sketty Swansea SA2 9LT

Accountants

Thompson Jenner LLP Chartered Accountants 1 Colleton Crescent Exeter Devon EX2 4DG

The Constant Media Limited

(Registration number: 07458182)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	22,027	23,510
Current assets
Debtors	5	344,029	342,344
Cash at bank and in hand		123,185	114,720
		467,214	457,064
Creditors: Amounts falling due within one year	6	(125,628)	(147,444)
Net current assets		341,586	309,620
Total assets less current liabilities		363,613	333,130
Creditors: Amounts falling due after more than one year	6	-	(7,270)
Provisions for liabilities		(4,313)	(4,613)
Net assets		359,300	321,247
Capital and reserves
Called up share capital		500	500
Retained earnings		358,800	320,747
Shareholders' funds		359,300	321,247

The Constant Media Limited

(Registration number: 07458182)
Balance Sheet as at 31 December 2024

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... A C Heron Director

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
46 Hendrefoilan Road
Sketty
Swansea
SA2 9LT

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The job retention scheme grant has been recognised under the accrual model and is credited to income over the periods in which the compensated costs have been recognised.

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	30% straight line
Computer equipment	30% straight line
Motor vehicles	10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

4	Tangible assets

	Office equipment  £	Motor vehicles  £	Computer equipment £	Total £
Cost or valuation
At 1 January 2024	4,864	29,655	36,772	71,291
Additions	1,277	-	3,446	4,723
Disposals	-	-	(416)	(416)
At 31 December 2024	6,141	29,655	39,802	75,598
Depreciation
At 1 January 2024	4,136	11,864	32,059	48,059
Charge for the year	462	2,966	2,500	5,928
Eliminated on disposal	-	-	(416)	(416)
At 31 December 2024	4,598	14,830	34,143	53,571
Carrying amount
At 31 December 2024	1,543	14,825	5,659	22,027
At 31 December 2023	1,006	17,791	4,713	23,510

5

Debtors

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Trade debtors		85,169	77,410
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	96,040	109,200
Other debtors		162,605	155,550
Prepayments and accrued income		215	184
Total current trade and other debtors		344,029	342,344

6

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	7,040	10,779
Trade creditors		9,723	3,025
Accrued expenses		2,200	2,200
Taxation and social security		45,502	31,486
Other creditors		675	770
Deferred income		60,488	99,184
		125,628	147,444
Due after one year
Loans and borrowings	8	-	7,270

The Constant Media Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Director 1	(113,887)	(516)	208	(114,195)
	-	-	-	-
	-	-	-	-
	(113,887)	(516)	208	(114,195)

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Director 1	(168,095)	(17,000)	71,208	(113,887)
	(168,095)	(17,000)	71,208	(113,887)

8	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank overdrafts	7,040	7,040
Hire purchase contracts	-	3,739
	7,040	10,779

Non-current loans and borrowings

	2024 £	2023 £
Hire purchase contracts	-	7,270