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Company Registration No. 13926011 (England and Wales)
Inside Media Group Ltd Unaudited accounts for the year ended 28 February 2025
Inside Media Group Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Inside Media Group Ltd Company Information for the year ended 28 February 2025
Directors
Reece Goulden Emilijus Tenys
Company Number
13926011 (England and Wales)
Registered Office
71 Woodland Avenue Wolverhampton WV6 8ND
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
- 3 -
Inside Media Group Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,866
2,799
Current assets
Debtors
5
14,474
152
Cash at bank and in hand
12,891
20,422
27,365
20,574
Creditors: amounts falling due within one year
6
(14,323)
(11,834)
Net current assets
13,042
8,740
Total assets less current liabilities
14,908
11,539
Provisions for liabilities
Deferred tax
7
(355)
(532)
Net assets
14,553
11,007
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
14,453
10,907
Shareholders' funds
14,553
11,007
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 9 October 2025 and were signed on its behalf by
Emilijus Tenys Director Company Registration No. 13926011
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Inside Media Group Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Inside Media Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13926011. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
33% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
850
3,348
4,198
At 28 February 2025
850
3,348
4,198
Depreciation
At 1 March 2024
283
1,116
1,399
Charge for the year
189
744
933
At 28 February 2025
472
1,860
2,332
Net book value
At 28 February 2025
378
1,488
1,866
At 29 February 2024
567
2,232
2,799
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Inside Media Group Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
14,375
-
Other debtors
99
152
14,474
152
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
3,613
1,898
Loans from directors
10,314
9,558
Accruals
396
378
14,323
11,834
7
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
355
532
2025
2024
£
£
Provision at start of year
532
-
(Credited)/charged to the profit and loss account
(177)
532
Provision at end of year
355
532
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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