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Registered number: 11253989
GI Media Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11253989
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,286 62,142
53,286 62,142
CURRENT ASSETS
Debtors 5 123,122 52,369
Cash at bank and in hand 6,605 7,495
129,727 59,864
Creditors: Amounts Falling Due Within One Year 6 (175,540 ) (88,061 )
NET CURRENT ASSETS (LIABILITIES) (45,813 ) (28,197 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,473 33,945
Creditors: Amounts Falling Due After More Than One Year 7 (40,118 ) (54,129 )
NET LIABILITIES (32,645 ) (20,184 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (32,646 ) (20,185 )
SHAREHOLDERS' FUNDS (32,645) (20,184)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Neufville
Director
12 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GI Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11253989 . The registered office is 60 Acacia Road , Merryoak, Southampton, Hampshire, SO19 7JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on Cost
Computer Equipment 33% on Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
...CONTINUED
Page 3
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2.6. Financial Instruments - continued
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 86,246
As at 31 March 2025 86,246
Depreciation
As at 1 April 2024 24,104
Provided during the period 8,856
As at 31 March 2025 32,960
Net Book Value
As at 31 March 2025 53,286
As at 1 April 2024 62,142
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 31,826 36,151
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 19,920 8,220
Other debtors 103,202 44,149
123,122 52,369
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,196 6,516
Trade creditors 24,115 12,742
Bank loans and overdrafts 5,805 5,660
Other creditors 42,608 10,342
Taxation and social security 94,816 52,801
175,540 88,061
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 14,305 22,501
Bank loans 25,813 31,628
40,118 54,129
8. Secured Creditors
Of the creditors the following amounts are secured against the assets to which they relate.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 22,501 29,017
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,196 6,516
Later than one year and not later than five years 14,305 22,501
22,501 29,017
22,501 29,017
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Later than one year and not later than five years 102,250 62,250
102,250 62,250
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Dowayne Neufville 27,817 56,327 (7,433 ) - 76,711
The above loan is unsecured, interest free and repayable on demand.
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