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Registered number: 10918609
MADE IN LONDON MEDIA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2025
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MADE IN LONDON MEDIA LIMITED
REGISTERED NUMBER: 10918609
BALANCE SHEET
AS AT 31 AUGUST 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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MADE IN LONDON MEDIA LIMITED
REGISTERED NUMBER: 10918609
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2026.
The notes on pages 3 to 10 form part of these financial statements.
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Made In London Media Limited is a private company limited by share capital, incorporated under the UK Companies Act 2006 and domiciled in England. The address of the Company's registered office and principal place of business are Regina House, 124 Finchley Road, London, NW3 5JS and Unit 105, 60 Grays Inn Road, London, WC1X 8AQ respectively.
2.Accounting policies
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Summary of significant accounting policies
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.
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Basis of preparation of financial statements
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The financial statements of the Company have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.
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Functional and presentational currency
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Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.
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Foreign currency translation
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Foreign currencies are translated into the functional currency using the exchange rate prevailing at the date of the respective transaction.
Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at the balance sheet date of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the director has reviewed the Company’s principal and emerging risks, access to funding and liquidity position and the Company's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
At both the balance sheet date and the date these financial statements were approved by the director, the Company was reliant on its director not seeking immediate repayment of amounts owed to him by the Company until such time the Company could repay them without detriment to its operational cash flow requirements.
The director at the time of approving the financial statements has a reasonable expectation that the Company shall have, available at its disposal, adequate financial resources to continue in operational existence for the foreseeable future and has indicated his willingness to not seek repayment of amounts owed to him by the Company until such time as the Company can repay them without detriment to its operational cash flow requirements.
While there will always remain an inherent uncertainty, the director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern and therefore consider it both appropriate to continue to adopt the going concern basis in preparing the Company's financial statements and to not recognise any adjustments in the financial statements that would arise if the going concern basis were to become no longer appropriate.
Turnover comprises revenue recognised by the Company in respect of promotional and marketing services supplied during the reporting period.
Revenue is measured at the fair value of consideration receivable, excluding value added tax, and is recognised on completion of service provision with amounts accrued and/or deferred depending on the point of invoice and/or customer payment.
The Company operates a defined contribution pension plan for its employees. A defined contribution pension plan is one under which the Company pays fixed contributions to a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts falling due but not paid are shown as part of other creditors in the balance sheet. The assets of the defined contribution pension plan are held separately from the Company in independently administered funds.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
Current taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date in the UK where taxable income is generated by the Company through its business operations.
Deferred taxation is recognised on temporary differences arising between the tax bases of assets and liabilities and their respective carrying amounts in the financial statements. Deferred taxation is calculated using tax rates and on the basis of tax laws enacted or substantively enacted at the balance sheet date and are expected to apply when the related deferred tax asset/liability is realised/settled.
Deferred tax assets are recognised only to the extent that it is sufficiently probable that future taxable profits will be available against which the temporary differences can be utilised.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses
Amortisation is provided on the following bases:
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Other intangible fixed assets
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Tangible fixed assets are recognised under the cost model and stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended upon acquisition.
Depreciation is provided on the following basis:
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straight line over 3 years
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Computer and office equipment
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straight line over 3 years
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Depreciation commences once the asset is available for use.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks comprise of costs incurred up to the balance sheet date on productions yet to be delivered as at the balance sheet date and are valued at the lower of cost and net realisable value.
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Judgments in applying accounting policies and key sources of estimation uncertainty
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In the application of the Company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Although the expected outcome of said estimates and assumptions will, by definition, seldom equal the related actual results; estimates and judgments made are continually re-evaluated and are based on historical experience as well as other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The judgments, estimates and assumptions that are considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are addressed below:
Stocks
When assessing net realisable value, the director considers the potential changes in costs expected to be incurred in order to achieve completion and subsequent delivery, taking into account current and expected production activity, changes in market risk and the likelihood of completion based on current expectations.
Impairment of trade and other debtors
When assessing the recoverable value of trade and other debtors, the director considers factors including the credit rating of the debtor, ageing profile and historical experience.
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The average monthly number of employees, including directors, during the year was 13 (2024 - 19).
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Charge for the year on owned assets
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Charge for the year on owned assets
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No expense has been recognised in respect of the write down of work in progress to net realisable value in the current financial reporting period (2024: £nil).
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Falling due within one year
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Prepayments and accrued income
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Trade and other debtors falling due within one year are non-interest bearing and, in the opinion of the director, of a fair value not materially different to their carrying value.
At the balance sheet date, the provision for impairment against debtors falling due within one year was £nil (2024: £nil).
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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MADE IN LONDON MEDIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Charged to profit or loss
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The net deferred tax asset/(liability) carried forward is made up as follows:
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Accelerated capital allowances
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Other short term differences
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Net deferred tax liabilities of approximately £1,000 are expected to reverse in the following financial reporting period.
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The pension cost charge represents contributions made by the Company towards defined contribution pension plans in respect of its employees and for the year amounted to £7,296 (2024: £8,726).
Contributions payable outstanding at the balance sheet date and included within creditors falling due within one year amounted to £908 (2024: £955).
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Related party transactions
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At the balance sheet date, the Company owed £416,997 (2024: £445,488) to its director in respect of unsecured and interest-free balances that are repayable on demand with no fixed date for repayment.
There were no other related party transactions and/or period end balances to report in accordance with the UK Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.
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