REGISTERED NUMBER: 08083250 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KODE MEDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Fleming

J W Goodwin

A J Harman

N Killham

E T Williams

REGISTERED OFFICE:

41 Mitchell Street

London

EC1V 3QD

REGISTERED NUMBER:

08083250 (England and Wales)

ACCOUNTANTS:

Redfin Management Limited

111 Charterhouse Street

Farringdon

London

EC1M 6AW

FIXED ASSETS

Tangible assets

4

40,669

14,191

CURRENT ASSETS

Debtors

5

2,968,270

1,536,586

Cash in hand

48,598

71,001

3,016,868

1,607,587

CREDITORS

Amounts falling due within one year

6

2,867,232

1,579,331

NET CURRENT ASSETS

149,636

28,256

TOTAL ASSETS LESS CURRENT LIABILITIES

190,305

42,447

CREDITORS

Amounts falling due after more than one year

7

(186,744

)

(35,521

)

PROVISIONS FOR LIABILITIES

(3,548

)

(3,548

)

NET ASSETS

13

3,378

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

8

3,373

13

3,378

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

E T Williams - Director

M Fleming - Director

J W Goodwin - Director

A J Harman - Director

N Killham - Director

1.	STATUTORY INFORMATION

Kode Media Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

50% on cost, 33% on cost and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

138,456

Additions

44,309

Disposals

(2,884

)

At 31 December 2024

179,881

DEPRECIATION

At 1 January 2024

124,265

Charge for year

14,947

At 31 December 2024

139,212

NET BOOK VALUE

At 31 December 2024

40,669

At 31 December 2023

14,191

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,723,045

616,219

Amounts owed by group undertakings

15,506

57,157

Other debtors

1,229,719

863,210

2,968,270

1,536,586

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

17,100

10,000

Trade creditors

1,201,378

792,839

Taxation and social security

598,323

202,890

Other creditors

1,050,431

573,602

2,867,232

1,579,331

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,837

15,833

Other creditors

180,907

19,688

186,744

35,521

8.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £302,500 (2023: £105,417) in respect of the non cancellable term of the lease.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

M Fleming

Balance outstanding at start of year

29,782

16,191

Amounts advanced

27,095

17,626

Amounts repaid

(1,793

)

(4,035

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,084

29,782

J W Goodwin

Balance outstanding at start of year

39,051

32,620

Amounts advanced

169,923

11,651

Amounts repaid

(19,211

)

(5,220

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

189,763

39,051

A J Harman

Balance outstanding at start of year

162,032

156,895

Amounts advanced

25,147

9,801

Amounts repaid

(1,400

)

(4,664

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

185,779

162,032

N Killham

Balance outstanding at start of year

41,428

13,852

Amounts advanced

39,325

28,660

Amounts repaid

-

(1,084

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,753

41,428

E T Williams

Balance outstanding at start of year

129,681

109,061

Amounts advanced

25,043

30,760

Amounts repaid

(2,444

)

(10,140

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

152,280

129,681

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is Casually En Route Limited, incorporated in England and Wales.

11.	SHARE-BASED PAYMENT TRANSACTIONS

The company operates an EMI scheme. At the year end options over one share were outstanding. There was no movement in the year.