Clarity Media Limited - Filleted accounts

Clarity Media Limited
Registered number:		05465221
Statement of Financial Position
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,419			1,091
Financial assets			270,275			261,239
			274,694			262,330

Current assets
Debtors	4	14,636			19,150
Financial assets		468,163			349,122
Cash at bank and in hand		720,889			635,321
		1,203,688			1,003,593

Creditors: amounts falling due within one year	5	(83,126)			(77,765)

Net current assets			1,120,562			925,828

Total assets less current liabilities			1,395,256			1,188,158


Provisions for liabilities			(1,105)			(273)


Net assets			1,394,151			1,187,885

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,394,051			1,187,785

Shareholder's funds			1,394,151			1,187,885

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Moore
Director
Approved by the board on 7 October 2025

Clarity Media Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	Straight line over 4 years

	Investments
	Listed investments are measured at fair value. Changes in fair value/Impairment losses are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors		2025		2024
Number				Number

	Average number of directors and persons employed by the company		6		6


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 June 2024				2,003
	Additions				5,105
	At 31 May 2025				7,108

	Depreciation
	At 1 June 2024				912
	Charge for the year				1,777
	At 31 May 2025				2,689

	Net book value
	At 31 May 2025				4,419
	At 31 May 2024				1,091




4	Debtors		2025		2024
£				£

	Trade debtors		14,636		19,150


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals		1,325		1,260
	Corporation tax		67,936		62,928
	Other taxes and social security costs		8,449		10,874
	Other creditors		5,416		2,703
			83,126		77,765


6	Other information

	Clarity Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
	139 Prospect Road
	Farnborough
	Hampshire
	GU14 8JY