Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 August 2024 false 1 January 2025 31 December 2025 31 December 2025 12080403 Mr Joel Butler Mr Andrew Stuart Mr Damian Walsh Mrs Amanda Giles Mr Matthew Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12080403 2024-12-31 12080403 2025-12-31 12080403 2025-01-01 2025-12-31 12080403 frs-core:CurrentFinancialInstruments 2025-12-31 12080403 frs-core:Non-currentFinancialInstruments 2025-12-31 12080403 frs-core:ComputerEquipment 2025-12-31 12080403 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12080403 frs-core:ComputerEquipment 2024-12-31 12080403 frs-core:FurnitureFittings 2025-12-31 12080403 frs-core:FurnitureFittings 2025-01-01 2025-12-31 12080403 frs-core:FurnitureFittings 2024-12-31 12080403 frs-core:ShareCapital 2025-12-31 12080403 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12080403 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12080403 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12080403 frs-bus:SmallEntities 2025-01-01 2025-12-31 12080403 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12080403 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12080403 frs-bus:Director1 2025-01-01 2025-12-31 12080403 frs-bus:Director2 2025-01-01 2025-12-31 12080403 frs-bus:Director3 2025-01-01 2025-12-31 12080403 frs-bus:Director4 2025-01-01 2025-12-31 12080403 frs-bus:Director5 2025-01-01 2025-12-31 12080403 frs-countries:EnglandWales 2025-01-01 2025-12-31 12080403 2024-07-31 12080403 2024-12-31 12080403 2024-08-01 2024-12-31 12080403 frs-core:CurrentFinancialInstruments 2024-12-31 12080403 frs-core:Non-currentFinancialInstruments 2024-12-31 12080403 frs-core:ShareCapital 2024-12-31 12080403 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12080403
Connect X Media Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12080403
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,308
- 1,308
CURRENT ASSETS
Debtors 5 219,191 518,160
Cash at bank and in hand 291,767 110,897
510,958 629,057
Creditors: Amounts Falling Due Within One Year 6 (166,788 ) (609,970 )
NET CURRENT ASSETS (LIABILITIES) 344,170 19,087
TOTAL ASSETS LESS CURRENT LIABILITIES 344,170 20,395
Creditors: Amounts Falling Due After More Than One Year 7 - (4,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (312 )
NET ASSETS 344,170 15,916
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 343,170 14,916
SHAREHOLDERS' FUNDS 344,170 15,916
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For the year ending 31 December 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 Joel Butler
Director
14/05/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Connect X Media Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12080403 . The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 3)
1 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 1,000 1,822 2,822
Disposals (1,000 ) (1,822 ) (2,822 )
As at 31 December 2025 - - -
Depreciation
As at 1 January 2025 584 930 1,514
Provided during the period 416 892 1,308
Disposals (1,000 ) (1,822 ) (2,822 )
As at 31 December 2025 - - -
Net Book Value
As at 31 December 2025 - - -
As at 1 January 2025 416 892 1,308
5. Debtors
31 December 2025 31 December 2024
£ £
Due within one year
Trade debtors 70,072 46,661
Prepayments and accrued income 35,092 61,302
Other debtors 62,559 62,559
VAT 51,468 24,298
Directors' loan accounts - 323,340
219,191 518,160
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6. Creditors: Amounts Falling Due Within One Year
31 December 2025 31 December 2024
£ £
Trade creditors 63,757 149,291
Bank loans and overdrafts 3,926 10,000
Corporation tax 84,038 34,010
Other taxes and social security - 4,069
Other creditors 6,795 6,795
Accruals and deferred income 8,272 405,805
166,788 609,970
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2025 31 December 2024
£ £
Bank loans - 4,167
8. Share Capital
31 December 2025 31 December 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
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