Company Registration No. 08457900 (England and Wales)
Fat Free Media Limited
Unaudited accounts
for the year ended 31 March 2025
Fat Free Media Limited
Unaudited accounts
Contents
Fat Free Media Limited
Company Information
for the year ended 31 March 2025
Directors
N Rostance
K Rostance
Company Number
08457900 (England and Wales)
Registered Office
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Accountants
Lilley & Co (UK) Limited
Suite 8
57 High Street
Ibstock
Leicestershire
LE67 6LH
Fat Free Media Limited
Statement of financial position
as at 31 March 2025
Tangible assets
31,867
33,507
Cash at bank and in hand
152,058
169,691
Creditors: amounts falling due within one year
(21,045)
(33,828)
Net current assets
160,151
172,112
Total assets less current liabilities
192,018
205,619
Provisions for liabilities
Deferred tax
(2,906)
(2,205)
Net assets
189,112
203,414
Called up share capital
102
102
Profit and loss account
189,010
203,312
Shareholders' funds
189,112
203,414
For the year ending 31 March 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 28 November 2025 and were signed on its behalf by
K Rostance
Director
Company Registration No. 08457900
Fat Free Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Fat Free Media Limited is a private company, limited by shares, registered in England and Wales, registration number 08457900. The registered office is Suite 8, 57 High Street , Ibstock, Leicestershire, LE67 6LH.
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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:
Land & buildings
Long-term leasehold property - straight line over the life of the lease (10 years)
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
33% straight line basis
Other tangible fixed assets
Office Building - 10 years straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fat Free Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
37,508
17,435
48,628
103,571
Additions
417
2,236
8,260
10,913
At 31 March 2025
37,925
19,671
56,888
114,484
At 1 April 2024
9,836
15,766
44,462
70,064
Charge for the year
6,926
862
4,765
12,553
At 31 March 2025
16,762
16,628
49,227
82,617
At 31 March 2025
21,163
3,043
7,661
31,867
At 31 March 2024
27,672
1,669
4,166
33,507
Amounts falling due within one year
Trade debtors
7,184
23,264
Accrued income and prepayments
2,082
3,027
Other debtors
19,872
9,958
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,998
21,639
Deferred income
6,000
10,500
Fat Free Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to directors
2,367
51,800
44,268
9,899
Loan to directors
7,589
32,995
30,611
9,973
9,956
84,795
74,879
19,872
Director loan accounts are disclosed within other debtors due in one year with overdrawn amounts being repaid to the company in full within 9 months of the year-end.
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Average number of employees
During the year the average number of employees was 1 (2024: 2).