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
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
Inside Media Group Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
1,866
2,799
Cash at bank and in hand
12,891
20,422
Creditors: amounts falling due within one year
(14,323)
(11,834)
Net current assets
13,042
8,740
Total assets less current liabilities
14,908
11,539
Provisions for liabilities
Called up share capital
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
Inside Media Group Ltd
Notes to the Accounts
for the year ended 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 28 February 2025
378
1,488
1,866
At 29 February 2024
567
2,232
2,799
Inside Media Group Ltd
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
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
7
Deferred taxation
2025
2024
Accelerated capital allowances
355
532
Provision at start of year
532
-
(Credited)/charged to the profit and loss account
(177)
532
Provision at end of year
355
532
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).