REGISTERED NUMBER: 03328177 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

E3 MEDIA LIMITED

T/A

GREAT STATE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Avery

M D Bennett

Mrs V L James

SECRETARY:

K S Avery

REGISTERED OFFICE:

Runway East

1 Victoria Street

Redcliffe

Bristol

BS1 6AA

REGISTERED NUMBER:

03328177 (England and Wales)

AUDITORS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

57,813

75,363

CURRENT ASSETS

Debtors

5

4,097,944

2,990,646

Investments

6

250,000

-

Cash at bank

1,082,751

1,128,431

5,430,695

4,119,077

CREDITORS

Amounts falling due within one year

7

2,386,724

1,273,282

NET CURRENT ASSETS

3,043,971

2,845,795

TOTAL ASSETS LESS CURRENT LIABILITIES

3,101,784

2,921,158

PROVISIONS FOR LIABILITIES

10

10,567

-

NET ASSETS

3,091,217

2,921,158

CAPITAL AND RESERVES

Called up share capital

11

6

6

Share premium

25,003

25,003

Retained earnings

3,066,208

2,896,149

SHAREHOLDERS' FUNDS

3,091,217

2,921,158

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

K S Avery - Director

1.	STATUTORY INFORMATION

E3 Media Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about E3 Media Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

The turnover shown in the statement of comprehensive income represents amounts earned during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

over the term of the lease

Plant and machinery

-

33% on cost

Fixtures and fittings

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised 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 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Short term employee benefits including holiday pay and annual bonuses are accrued as services are rendered.

The company operates a defined contribution pension scheme for employees. Contributions payable to the company's pension scheme are charged to the statement of comprehensive income as they become payable in accordance with the rules of the scheme. Differences between contributions payable in the year and those actually paid are shown as either accruals or prepayments in the balance sheet.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2024 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

55,980

125,706

22,117

203,803

Additions

-

26,672

627

27,299

At 31 March 2025

55,980

152,378

22,744

231,102

DEPRECIATION

At 1 April 2024

55,980

54,333

18,127

128,440

Charge for year

-

43,027

1,822

44,849

At 31 March 2025

55,980

97,360

19,949

173,289

NET BOOK VALUE

At 31 March 2025

-

55,018

2,795

57,813

At 31 March 2024

-

71,373

3,990

75,363

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

27,111

DEPRECIATION

At 1 April 2024

8,947

Charge for year

8,946

At 31 March 2025

17,893

NET BOOK VALUE

At 31 March 2025

9,218

At 31 March 2024

18,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,481,991

1,428,588

Other debtors

50,678

35,587

Amounts owed by group

undertakings

1,339,879

1,331,779

Corporation tax

12,996

32,652

Prepayments and accrued income

212,400

162,040

4,097,944

2,990,646

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Deposits falling due in less

than 1 year

250,000

-

250,000

-

Investments as of 31 March 2025 represented bank deposits of £250,000 (2024 - £Nil) falling due in August 2025. The interest rate on these deposits as of 31 March 2025 was 4.1%.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

8,284

17,321

Trade creditors

302,441

211,023

Social security and other taxes

129,430

126,452

VAT

481,729

363,436

Other creditors

45,700

15,185

Accruals and deferred income

1,419,140

539,865

2,386,724

1,273,282

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

8,284

17,321

Non-cancellable

operating leases

2025

2024

£

£

Within one year

213,903

201,000

Between one and five years

17,923

50,250

231,826

251,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

8,284

17,321

The hire purchase contracts are secured on the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

12,158

16,317

Tax losses carried forward

-

(14,943

)

Other timing differences

(1,591

)

(1,374

)

10,567

-

Deferred

tax

£

Provided during year

10,567

Balance at 31 March 2025

10,567

At 31 March 2025, the company has an unprovided deferred tax asset of £Nil (2024 - £19,306) in respect of corporation tax losses carried forward for offset against future trading profits.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6

Ordinary

£1

6

6

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)

for and on behalf of Burnside

13.	CONTINGENT LIABILITIES

The company has granted a debenture to HSBC Bank plc as part of a composite guarantee in respect of borrowing facilities provided to the company and NGP3 Limited creating charges over the assets of the company. NGP3 Limited had no such borrowings at 31 March 2025.

14.	RELATED PARTY DISCLOSURES

15.	ULTIMATE CONTROLLING PARTY