REGISTERED NUMBER: 03729433 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CRASH MEDIA GROUP LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

63,401

72,458

Tangible assets

5

34,576

47,201

97,977

119,659

CURRENT ASSETS

Debtors

6

243,641

328,259

Cash at bank

8,391

38,291

252,032

366,550

CREDITORS

Amounts falling due within one year

7

699,863

611,130

NET CURRENT LIABILITIES

(447,831

)

(244,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(349,854

)

(124,921

)

CREDITORS

Amounts falling due after more than one year

8

(8,447

)

(151,812

)

PROVISIONS FOR LIABILITIES

(8,644

)

(11,800

)

NET LIABILITIES

(366,945

)

(288,533

)

CAPITAL AND RESERVES

Called up share capital

102,967

102,967

Share premium

619,002

619,002

Retained earnings

(1,088,914

)

(1,010,502

)

SHAREHOLDERS' FUNDS

(366,945

)

(288,533

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2026 and were signed on its behalf by:

W R Miller - Director

1.	STATUTORY INFORMATION

Crash Media Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03729433

Registered office:

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments

The company holds basic financial instruments as defined in FRS. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £14,219 (2024 - £24,994). Contributions totalling £3,467 (2024 - £9,568) were payable to the fund at the balance sheet date and are included in creditors.

Going concern

The directors and participating interest considers that it is appropriate to prepare the financial statements on a going concern basis. The director and participating interest have confirmed that they will continue to give financial support to ensure that the company is able to meet its financial obligations when they fall due for a period of at least 12 months from the date of approving these financial statements.

Debtors

Short term debtors are initially measured at transaction price less attributable costs. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

90,572

1,058,724

1,149,296

AMORTISATION

At 1 April 2024

18,114

1,058,724

1,076,838

Charge for year

9,057

-

9,057

At 31 March 2025

27,171

1,058,724

1,085,895

NET BOOK VALUE

At 31 March 2025

63,401

-

63,401

At 31 March 2024

72,458

-

72,458

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

305,876

Disposals

(1,917

)

At 31 March 2025

303,959

DEPRECIATION

At 1 April 2024

258,675

Charge for year

11,527

Eliminated on disposal

(819

)

At 31 March 2025

269,383

NET BOOK VALUE

At 31 March 2025

34,576

At 31 March 2024

47,201

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

234,949

326,574

Other debtors

8,692

1,685

243,641

328,259

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

49,707

88,966

Hire purchase contracts (see note 9)

14,511

13,261

Trade creditors

44,264

62,749

Taxation and social security

90,952

176,658

Other creditors

500,429

269,496

699,863

611,130

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,806

134,958

Hire purchase contracts (see note 9)

3,641

16,854

8,447

151,812

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

14,511

13,261

Between one and five years

3,641

16,854

18,152

30,115

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

18,152

-

Hire purchase contracts are secured by the assets which they financed.

A legal charge dated 14 July 2008 is held by David George King and Carolyn Margaret King against the company's assets current and future. The charge is over £2,750 due or to become due from the company to the chargee in respect of rent and covenant relating to the lease of Unit 5, new Rookery Farm, Silverstone, Towcester, Northamptonshire.

A legal charge dated 18 November 2016 by Metro Bank PLC over all monies or hereafter to become due or from the time accruing due from the company to the bank upon any account and in any manner whatsoever. The legal charge contains fixed and floating charges over the undertaking and all property and assets, present and future including goodwill, uncalled capital, buildings, fixtures and plant and machinery.

11.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £260,370 (2024 - £260,370) owed by the company to the director, Robin W Miller. This loan is unsecured, interest free and repayable on demand.

Included in creditors is an amount of £240,059 (2024 - £9,126) owed by the company to the director, William R Miller. This loan is unsecured, interest bearing and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is W R Miller.