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Company No: 08033204 (England and Wales)

# CHECKDMEDIA LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2025
Pages for filing with the registrar

CHECKDMEDIA LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

CHECKDMEDIA LIMITED

## BALANCE SHEET

As at 31 July 2025
CHECKDMEDIA LIMITED

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Intangible assets | 4 | 1,461,918 |  | 1,255,505
Tangible assets | 5 | 29,027 |  | 34,929
|  | 1,490,945 |  | 1,290,434
Current assets |  |  |  |
Debtors | 6 | 2,907,521 |  | 2,922,782
Cash at bank and in hand |  | 1,082,361 |  | 425,082
|  | 3,989,882 |  | 3,347,864
Creditors: amounts falling due within one year | 7 | ( 674,523) |  | ( 573,367)
Net current assets |  | 3,315,359 |  | 2,774,497
Total assets less current liabilities |  | 4,806,304 |  | 4,064,931
Provision for liabilities |  | ( 2,365) |  | ( 3,042)
Net assets |  | 4,803,939 |  | 4,061,889
Capital and reserves |  |  |  |
Called-up share capital |  | 120 |  | 120
Profit and loss account |  | 4,803,819 |  | 4,061,769
Total shareholder's funds |  | 4,803,939 |  | 4,061,889

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of CheckdMedia Limited (registered number: 08033204) were approved and authorised for issue by the Board of Directors on 05 June 2026. They were signed on its behalf by:

J M Knowlson Director |  | David Lee Struggles Director

CHECKDMEDIA LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
CHECKDMEDIA LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

CheckdMedia Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 125 Deansgate, Manchester, M3 2BY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Prior year adjustment

In the year to 31 July 2025, the directors have have identified that certain payments made to directors which had been classified as dividend distributions were payments made from directors loan accounts and not distributions to shareholders. These amounts have been reclassified in these financial statements as a prior year adjustment.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

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.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in
accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line
Development costs | 10 years straight line
Website costs | 5 years straight line

###### Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is ten years. Provision is made for any impairment.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Fixtures and fittings | 5 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### 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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

##### Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into 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 not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

#### 2. Prior year adjustment

In the year the directors have identified that certain payments made to directors in the prior year, had been classified as dividend distributions were in fact payments made from directors loan accounts and not distributions to shareholders.
These amounts have been reclassified in these financial statements as a prior year adjustment. The amount adjusted between dividends and directors loan account is £58,108. The impact of this adjustment is that the director's loan account became overdrawn and S455 of £15,839 also became payable.
The impact on reserves is set out in the table below. The profit and loss result for the year was not impacted by this prior year adjustment.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 31 July 2024 |  | £ |  | £ |  | £
Amounts owed to / (owed from) directors |  | 10,027 |  | (58,108) |  | (48,081)
Retained earnings |  | 4,003,661 |  | 58,108 |  | 4,061,769
S455 Tax creditor |  | 0 |  | (15,839) |  | (15,839)
S455 Tax debtor |  | 0 |  | 15,839 |  | 15,839

#### 3. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 36 |  | 30

#### 4. Intangible assets

| Goodwill |  | Development costs |  | Website costs |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 150,000 |  | 1,651,250 |  | 10,880 |  | 1,812,130
Additions | 0 |  | 393,000 |  | 0 |  | 393,000
At 31 July 2025 | 150,000 |  | 2,044,250 |  | 10,880 |  | 2,205,130
Accumulated amortisation |  |  |  |  |  |  |
At 01 August 2024 | 150,000 |  | 396,182 |  | 10,443 |  | 556,625
Charge for the financial year | 0 |  | 186,413 |  | 174 |  | 186,587
At 31 July 2025 | 150,000 |  | 582,595 |  | 10,617 |  | 743,212
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 0 |  | 1,461,655 |  | 263 |  | 1,461,918
At 31 July 2024 | 0 |  | 1,255,068 |  | 437 |  | 1,255,505

#### 5. Tangible assets

| Land and buildings |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 12,981 |  | 102,919 |  | 41,741 |  | 157,641
Additions | 0 |  | 387 |  | 6,993 |  | 7,380
Disposals | 0 |  | 0 |  | ( 5,479) |  | ( 5,479)
At 31 July 2025 | 12,981 |  | 103,306 |  | 43,255 |  | 159,542
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2024 | 0 |  | 101,629 |  | 21,083 |  | 122,712
Charge for the financial year | 0 |  | 132 |  | 9,728 |  | 9,860
Disposals | 0 |  | 0 |  | ( 2,057) |  | ( 2,057)
At 31 July 2025 | 0 |  | 101,761 |  | 28,754 |  | 130,515
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 12,981 |  | 1,545 |  | 14,501 |  | 29,027
At 31 July 2024 | 12,981 |  | 1,290 |  | 20,658 |  | 34,929

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 377,710 |  | 637,520
Amounts owed by Group undertakings | 1,976,089 |  | 2,142,050
S455 | 15,839 |  | 15,839
Other debtors | 537,883 |  | 127,373
| 2,907,521 |  | 2,922,782

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 88,069 |  | 99,276
Accruals and deferred income | 120,906 |  | 66,577
Taxation and social security | 397,574 |  | 361,067
Other creditors | 67,974 |  | 46,447
| 674,523 |  | 573,367

#### 8. Financial commitments

Pensions

The Company operates a defined contributions pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in a separately administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £82,795 (2024: £85,700). Contributions totalling £6,578 (2024: £9,778) were payable to the fund at the balance sheet date.

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Directors loan account | 409,913 |  | 48,081

During the year directors were advanced £361,995 (2024: £48,081) by the company, and repaid £4,955 (2024: £Nil). Interest of £4,792 (2024: £Nil) was charged on the loans in the year. These loans are repayable on demand.

Other related party transactions

During the year, the Company paid £36,000 (2024: £36,000) to a director in respect of consultancy fees. As at the year end, the amount due to the director was £Nil (2024: £6,000).

#### 10. Ultimate controlling party

The ultimate parent company is CheckdGroup Limited a company registered in England & Wales no. 10313336 with registered office: 125 Deansgate, Manchester, M3 2BY.