ACCOUNTS - Final Accounts preparation

Registered number: 14077121

HURST MEDIA LABS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026


HURST MEDIA LABS LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


HURST MEDIA LABS LIMITED REGISTERED NUMBER:14077121

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	7,065		9,951
Bank and cash balances		13,192		9,566
		20,257		19,517
Current liabilities
Creditors: amounts falling due within one year	5	(166,547)		(43,278)
Net current liabilities			(146,290)		(23,761)
Total assets less current liabilities			(146,290)		(23,761)

Net liabilities			(146,290)		(23,761)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(146,390)	(23,861)
	(146,290)	(23,761)

Page 1


HURST MEDIA LABS LIMITED REGISTERED NUMBER:14077121

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider 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 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.

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 comprehensive income 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 1 July 2026.

J A Hurst

Director

The notes on pages 3 to 5 form part of these financial statements.

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HURST MEDIA LABS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Hurst Media Labs Limited is a private limited liability company registered in England and Wales. Its registered office address is The Frames, 1 Phipp Street, London, EC2A 4PS.

The principal activity of the company during the period was design activities.

The company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date the company had net current liabilities and net liabilities. The directors have obtained assurances from the ultimate shareholder that funds will continue to be made available to the company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.

2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of design and marketing services provided in the year, net of trade discounts and excluding value added tax.

The company recognises revenue from design work in the period the service was provided.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Pensions

The Company contributes to 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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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HURST MEDIA LABS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Basic financial instruments

Basic financial instruments include trade and other debtors, trade and other creditors, cash and cash equivalents, and related party loans.

Trade and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest.

Cash and cash equivalents comprise cash balances and call deposits.

Employees

The average monthly number of employees, including directors, during the year was 11 (2025 - 10).

Debtors

					2026	2025
					£	£


Amounts owed by group undertakings	-	9,690
Other debtors	7,065	261
	7,065	9,951

Page 4


HURST MEDIA LABS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

5.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Trade creditors	11,746	700
Amounts owed to group undertakings	130,720	-
Taxation and social security	1,335	20,804
Other creditors	21,095	20,776
Accruals and deferred income	1,651	998
	166,547	43,278

6.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

7.	Pension commitments

The company contributes to 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 entity to the fund and amounted to £3,667 (2025 - £4,363). Contributions totalling £2,188 (2025 - £1,633) were payable to the fund at the reporting date and are included in creditors.

8.	Parent undertaking

The immediate and ultimate parent undertaking is Hurst Group Limited, a company registered in England and Wales with registered office address The Frames, 1 Phipp Street, London, EC2A 4PS.

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