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Registered number: 04650879
EON Visual Media Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Harris Lacey and Swain
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04650879
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 116,848 93,528
116,848 93,528
CURRENT ASSETS
Stocks 5 120,878 118,264
Debtors 6 119,737 133,970
Cash at bank and in hand 461 422
241,076 252,656
Creditors: Amounts Falling Due Within One Year 7 (294,463 ) (283,190 )
NET CURRENT ASSETS (LIABILITIES) (53,387 ) (30,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES 63,461 62,994
Creditors: Amounts Falling Due After More Than One Year 8 - (3,125 )
NET ASSETS 63,461 59,869
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 53,461 49,869
SHAREHOLDERS' FUNDS 63,461 59,869
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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.
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 S G Forster
Director
23/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
EON Visual Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04650879 . The registered office is Building 1-7 Thomas Street, Kingston upon Hull, East Yorkshire, HU9 1EH.
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. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Revenue comprises of the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.
The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company’s activities are met as follows:
Rendering of service - Web, app and other design services
Revenue from design services is recognised when the services are rendered, using the percentage of completion method based on the actual service provided as a proportion of the total services to be performed
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:
Leasehold 20% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.6. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 16)
14 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 102,812 611,801 56,429 771,042
Additions - 47,817 - 47,817
As at 31 March 2025 102,812 659,618 56,429 818,859
Depreciation
As at 1 April 2024 102,490 518,889 56,135 677,514
Provided during the period 322 24,074 101 24,497
As at 31 March 2025 102,812 542,963 56,236 702,011
Net Book Value
As at 31 March 2025 - 116,655 193 116,848
As at 1 April 2024 322 92,912 294 93,528
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5. Stocks
2025 2024
£ £
Stock 18,438 18,614
Work in progress 102,440 99,650
120,878 118,264
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 67,217 80,577
Other debtors 52,520 53,393
119,737 133,970
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,340 283
Bank loans and overdrafts 52,036 89,526
Other creditors 207,569 154,619
Taxation and social security 33,518 38,762
294,463 283,190
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 3,125
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the year ended 31 March 2025:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Stephen Forster (105,363 ) 174,300 (119,000 ) - (160,664 )
Mr Matthew Dass (47,005 ) 2,500 - - (44,505 )
The above loans are unsecured, interest free and repayable on demand.
11. Related Party Transactions
During the year the Company made purchases totalling £1,010 (2024: £1,910) from Eon Consulting Limited, a Company controlled solely by Mr S Forster.
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12. Controlling Party
The company's controlling party is that of the directors by virtue of their ownership of all issued share capital in the company.
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