REGISTERED NUMBER: 06378299 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

McMath Media Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G S McMath

REGISTERED OFFICE:

2 West View

Nailsworth

Stroud

Gloucestershire

GL6 0LG

REGISTERED NUMBER:

06378299 (England and Wales)

ACCOUNTANTS:

Underwood Lamb Professional Services Ltd

Ground Floor, The Old Barn

Lady Farm

Chelwood

Bristol

BS39 4NN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,149

5,160

4,149

5,160

CURRENT ASSETS

Debtors

6

7,350

11,916

Cash at bank

7,769

4,906

15,119

16,822

CREDITORS

Amounts falling due within one year

7

18,374

21,315

NET CURRENT LIABILITIES

(3,255

)

(4,493

)

TOTAL ASSETS LESS CURRENT LIABILITIES

894

667

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

794

567

SHAREHOLDERS' FUNDS

894

667

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 27 August 2025 and were signed by:

G S McMath - Director

1.	STATUTORY INFORMATION

McMath Media Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

6,000

AMORTISATION

At 1 April 2024

and 31 March 2025

6,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

50,380

Additions

1,043

Disposals

(1,000

)

At 31 March 2025

50,423

DEPRECIATION

At 1 April 2024

45,220

Charge for year

2,054

Eliminated on disposal

(1,000

)

At 31 March 2025

46,274

NET BOOK VALUE

At 31 March 2025

4,149

At 31 March 2024

5,160

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

4,343

8,909

Amounts falling due after more than one year:

Other debtors

3,007

3,007

Aggregate amounts

7,350

11,916

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

82

Taxation and social security

15,768

17,078

Other creditors

2,606

4,155

18,374

21,315

8.

RESERVES

Retained

earnings

£

At 1 April 2024

567

Profit for the year

49,227

Dividends

(49,000

)

At 31 March 2025

794

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

G S McMath

Balance outstanding at start of year

8,909

9,971

Amounts advanced

-

8,909

Amounts repaid

(4,566

)

(9,971

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,343

8,909

The loan was interest free.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G S McMath.