Company Registration No. 08445706 (England and Wales)
GSL Media Ltd
Unaudited accounts
for the year ended 31 March 2025
GSL Media Ltd
Unaudited accounts
Contents
GSL Media Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr B Grimes
Mr G J Lilley
Company Number
08445706 (England and Wales)
Registered Office
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
England
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
GSL Media Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
6,728
5,261
Cash at bank and in hand
70,330
71,330
Creditors: amounts falling due within one year
(76,034)
(79,398)
Net current assets
78,312
69,024
Total assets less current liabilities
85,240
74,485
Creditors: amounts falling due after more than one year
(3,333)
(8,333)
Provisions for liabilities
Deferred tax
(1,682)
(1,315)
Called up share capital
24
24
Profit and loss account
80,201
64,813
Shareholders' funds
80,225
64,837
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 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 of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
Mr G J Lilley
Director
Company Registration No. 08445706
GSL Media Ltd
Notes to the Accounts
for the year ended 31 March 2025
GSL Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 08445706. The registered office is Brunel Court, 122 Fore Street, Saltash, Cornwall, PL12 6JW, 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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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
33% reducing balance
Computer equipment
33% on cost
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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.
GSL Media Ltd
Notes to the Accounts
for the year ended 31 March 2025
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
15,193
15,193
Additions
1,803
2,918
4,721
At 31 March 2025
1,803
18,111
19,914
At 1 April 2024
-
9,932
9,932
Charge for the year
250
3,004
3,254
At 31 March 2025
250
12,936
13,186
At 31 March 2025
1,553
5,175
6,728
At 31 March 2024
-
5,261
5,261
5
Investments
Other investments
Valuation at 1 April 2024
200
Valuation at 31 March 2025
200
Amounts falling due within one year
Trade debtors
65,630
44,653
Other debtors
18,386
2,439
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,000
5,000
Trade creditors
1,752
7,596
Amounts owed to group undertakings and other participating interests
12,100
12,100
Taxes and social security
28,465
26,449
Other creditors
28,717
28,253
GSL Media Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
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
8,221
8,221
Later than one year and not later than five years
9,591
17,126
10
Average number of employees
During the year the average number of employees was 9 (2024: 10).