REGISTERED NUMBER: 13250142 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Nexilis Media Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M W Harris

REGISTERED OFFICE:

Suite 15, The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

REGISTERED NUMBER:

13250142 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Limited

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

FIXED ASSETS

Tangible assets

4

1,941

2,649

CURRENT ASSETS

Debtors

5

17,236

13,593

Cash at bank

3,023

3,046

20,259

16,639

CREDITORS

Amounts falling due within one year

6

(2,642

)

(10,174

)

NET CURRENT ASSETS

17,617

6,465

TOTAL ASSETS LESS CURRENT LIABILITIES

19,558

9,114

PROVISIONS FOR LIABILITIES

7

(369

)

(572

)

NET ASSETS

19,189

8,542

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

19,188

8,541

SHAREHOLDERS' FUNDS

19,189

8,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:

M W Harris - Director

1.	STATUTORY INFORMATION

Nexilis 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.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

Straight line over 3 years

TAXATION

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

425

8,368

8,793

Additions

-

2,278

2,278

At 31 March 2025

425

10,646

11,071

DEPRECIATION

At 1 April 2024

255

5,889

6,144

Charge for year

85

2,901

2,986

At 31 March 2025

340

8,790

9,130

NET BOOK VALUE

At 31 March 2025

85

1,856

1,941

At 31 March 2024

170

2,479

2,649

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,929

13,422

VAT

307

171

17,236

13,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

2,074

820

Credit card

111

719

Directors' current accounts

88

7,677

Accruals and deferred income

74

74

Barclays Partner Finance

295

884

2,642

10,174

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

369

572

Deferred

tax

£

Balance at 1 April 2024

572

Provided during year

(203

)

Balance at 31 March 2025

369

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Allotted, issued and fully

paid

1

1

1

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M W Harris.