Company Registration No. 09318083 (England and Wales)
Idle Hands Media Limited
Unaudited accounts
for the year ended 31 March 2025
Idle Hands Media Limited
Unaudited accounts
Contents
Idle Hands Media Limited
Company Information
for the year ended 31 March 2025
Director
David Nicholas Birch
Company Number
09318083 (England and Wales)
Registered Office
9 Calf Hill Road
Thongsbridge
Holmfirth
West Yorkshire
HD9 3TG
England
Accountants
Automated Accountancy
The Business Village
Innovation Way
Barnsley
South Yorkshire
S75 1JL
Idle Hands Media Limited
Statement of financial position
as at 31 March 2025
Tangible assets
16,401
19,466
Cash at bank and in hand
100,328
107,657
Creditors: amounts falling due within one year
14,362
25,802
Net current assets
123,710
151,521
Total assets less current liabilities
140,111
170,987
Provisions for liabilities
Deferred tax
(4,100)
(4,615)
Net assets
136,011
166,372
Called up share capital
100
100
Profit and loss account
135,911
166,272
Shareholders' funds
136,011
166,372
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 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 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 and authorised for issue on 15 December 2025 and were signed on its behalf by
David Nicholas Birch
Director
Company Registration No. 09318083
Idle Hands Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Idle Hands Media Limited is a private company, limited by shares, registered in England and Wales, registration number 09318083. The registered office is 9 Calf Hill Road, Thongsbridge, Holmfirth, West Yorkshire, HD9 3TG, England.
2
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 are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.
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:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Idle Hands Media Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
62,784
16,978
79,762
At 31 March 2025
62,784
18,818
81,602
At 1 April 2024
47,122
13,174
60,296
Charge for the year
3,916
989
4,905
At 31 March 2025
51,038
14,163
65,201
At 31 March 2025
11,746
4,655
16,401
At 31 March 2024
15,662
3,804
19,466
Amounts falling due within one year
Trade debtors
3,318
18,062
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
775
6,643
Loans from directors
(16,431)
(51,389)
Idle Hands Media Limited
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
99 A Ordinary of £1 each
99
99
1 B Ordinary of £1 each
1
1
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,540
7,540
Later than one year and not later than five years
-
7,540
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest is charged at a market rate on overdrawn balances.
51,389
3,196
38,154
16,431
51,389
3,196
38,154
16,431
Overdrawn loan accounts have an interest rate charge payable at the the rate of 4%.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).