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Company No: 11584472 (England and Wales)

# SKYLAPSE MEDIA LTD

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

SKYLAPSE MEDIA LTD

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

SKYLAPSE MEDIA LTD

## COMPANY INFORMATION

For the financial year ended 30 September 2025
SKYLAPSE MEDIA LTD

## COMPANY INFORMATION (continued)

For the financial year ended 30 September 2025

DIRECTORS | Mr M Brown
| Mr C Gillespie
| Mr C E Read

REGISTERED OFFICE | Myrtle Villa
| Bradbury
| Stockton-On-Tees
| TS21 2ET
| United Kingdom

COMPANY NUMBER | 11584472 (England and Wales)

ACCOUNTANT | S&W Partners Newcastle Limited
| 17 Queens Lane
| Newcastle
| NE1 1RN

SKYLAPSE MEDIA LTD

## BALANCE SHEET

As at 30 September 2025
SKYLAPSE MEDIA LTD

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 16,169 |  | 19,862
|  | 16,169 |  | 19,862
Current assets |  |  |  |
Debtors | 4 | 9,788 |  | 7,250
Cash at bank and in hand |  | 8,824 |  | 3,381
|  | 18,612 |  | 10,631
Creditors: amounts falling due within one year | 5 | ( 14,151) |  | ( 15,807)
Net current assets/(liabilities) |  | 4,461 |  | (5,176)
Total assets less current liabilities |  | 20,630 |  | 14,686
Creditors: amounts falling due after more than one year | 6 | ( 5,943) |  | ( 5,943)
Provision for liabilities |  | ( 3,189) |  | ( 3,189)
Net assets |  | 11,498 |  | 5,554
Capital and reserves |  |  |  |
Called-up share capital |  | 102 |  | 102
Profit and loss account |  | 11,396 |  | 5,452
Total shareholders' funds |  | 11,498 |  | 5,554

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Profit and Loss Account has not been delivered.

The financial statements of Skylapse Media Ltd (registered number: 11584472) were approved and authorised for issue by the Board of Directors on 26 June 2026. They were signed on its behalf by:

Mr C Gillespie Director |

SKYLAPSE MEDIA LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
SKYLAPSE MEDIA LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Skylapse Media Ltd (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 Myrtle Villa, Bradbury, Stockton-On-Tees, TS21 2ET, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Skylapse Media Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from contracts for the provision of professional services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.
Revenue for the sale of goods is recognised upon delivery.

##### Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.
Deferred tax
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.

##### Tangible fixed assets

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

Plant and machinery etc. | 20 - 25 % reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses

##### Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

##### Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

##### Leases

Assets acquired under finance leases are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 49,015 |  | 49,015
Additions | 1,449 |  | 1,449
At 30 September 2025 | 50,464 |  | 50,464
Accumulated depreciation |  |  |
At 01 October 2024 | 29,153 |  | 29,153
Charge for the financial year | 5,142 |  | 5,142
At 30 September 2025 | 34,295 |  | 34,295
Net book value |  |  |
At 30 September 2025 | 16,169 |  | 16,169
At 30 September 2024 | 19,862 |  | 19,862

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,350 |  | 7,250
Other debtors | 438 |  | 0
| 9,788 |  | 7,250

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 538 |  | 3,702
Taxation and social security | 2,674 |  | 1,265
Obligations under finance leases and hire purchase contracts | 6,964 |  | 6,964
Other creditors | 3,975 |  | 3,876
| 14,151 |  | 15,807

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 5,943 |  | 5,943

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
Within one year | 6,964 |  | 6,964
Between one and five years | 5,943 |  | 5,943
Total future minimum lease payments under non-cancellable operating leases | 12,907 |  | 12,907

Other financial commitments

| 2025 |  | 2024
| £ |  | £
Secured debt - finance leases | 12,907 |  | 12,907

The finance lease liability is secured against the assets to which it relates. The net book value of fixed assets held under finance lease at 30 September 2025 was £xxxxxxxx (2024 £15,303)