Shearwater Media Ltd Accounts






Shearwater Media Ltd

	Company No. 06896149
		Information for Filing with The Registrar
		31 March 2025

The Director presents her report and the accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company during the year under review was media productions.




Director

The Director who served at any time during the year was as follows:

M.L. Anderson









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M.L. Anderson
Company Secretary
31 December 2025

at	31 March 2025
Company No.		06896149	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	2,304	3,060


				2,304	3,060
Current assets

	Debtors		6	351,823	206,552

	Cash at bank and in hand			257,399	254,522
				609,222	461,074
Creditors: Amount falling due within one year			7	(242,705)	(165,929)
Net current assets				366,517	295,145
Total assets less current liabilities				368,821	298,205




Net assets				368,821	298,205

Capital and reserves
	Called up share capital			101	101



	Profit and loss account		9	368,720	298,104

Total equity				368,821	298,205



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 December 2025 and signed on its behalf by:
M.L. Anderson
Director
31 December 2025

for the year ended 31 March 2025

General information

Shearwater Media Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 06896149

Its registered office is:

653B Fulham Road

London

SW6 5PY

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term 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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	6	6

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	69,473	17,476
		Charge for prior periods	1	-
		Total corporation tax	69,474	17,476





		Tax on profit on ordinary activities	69,474	17,476

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		191	£	£
		Profit on ordinary activities before tax	277,135	79,235



		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	69,283	19,809
		Expenses not deductible for tax purposes		(2,549)
		Adjustments to charge in respect of prior periods	1	-

		Other short term timing differences	190	216

		Tax on profit on ordinary activities	69,474	17,476

5	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2024	5,748	249	5,997
		Additions	832	-	832


		Disposals	(1,926)	-	(1,926)
		At 31 March 2025	4,654	249	4,903
		Depreciation
		At 1 April 2024	2,828	109	2,937
		Charge for the year	733	35	768


		Disposals	(1,106)	-	(1,106)
		At 31 March 2025	2,455	144	2,599
		Net book values
		At 31 March 2025	2,199	105	2,304
		At 31 March 2024	2,920	140	3,060

6	Debtors
			2025	2024
			£	£
		Trade debtors	95,348	176,253




		Loans to directors	226,176	-
		Other debtors	30,299	30,299

			351,823	206,552

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£




		Trade creditors	51,297	54,588

		Taxes and social security	184,426	98,837
		Loans from directors	-	3,824
		Other creditors	5,481	6,980
		Accruals and deferred income	1,501	1,700
			242,705	165,929

Share Capital

101 Ordinary fully paid shares

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Advances and credits to directors
			2025
			£

		Advanced in the period	226,176



		At 31 March 2025	226,176