p l Culverhouse Media Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04573213

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		18,899		22,628

			18,899		22,628
CURRENT ASSETS
Stocks	6	5,044		2,500
Debtors	7	6,007		25,975
Cash at bank and in hand		26,434		39,326

		37,485		67,801
Creditors: Amounts Falling Due Within One Year	8	(35,044 )		(37,002 )

NET CURRENT ASSETS (LIABILITIES)			2,441		30,799

TOTAL ASSETS LESS CURRENT LIABILITIES			21,340		53,427

Creditors: Amounts Falling Due After More Than One Year	9		(1 )		(7,782 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,591 )		(4,299 )

NET ASSETS			17,748		41,346

CAPITAL AND RESERVES
Called up share capital	10		1,002		1,002
Profit and Loss Account			16,746		40,344

SHAREHOLDERS' FUNDS			17,748		41,346

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p l Culverhouse Media Ltd.

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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

P L Culverhouse Director	S Culverhouse Director
18/06/2026

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

1. General Information

p l Culverhouse Media Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04573213 . The registered office is The Elms, 74 Molesworth Street, Wadebridge, Cornwall, PL27 7DS.

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

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life.

2.4. 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:

Plant & Machinery	10 - 33% straight line
Motor Vehicles	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. In respect of work in progress, the value includes the cost of the goods and materials incurred but not yet invoiced.

2.6. Financial Instruments

Classification

The company holds the following financial instruments:

- Short term trade and other debtors and creditors

- Cash and bank balances

- Hire purchase agreements

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled. Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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p l Culverhouse Media Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.7. Taxation

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 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 accounts. 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.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	31,439

As at 31 October 2025	31,439

Amortisation
As at 1 November 2024	31,439

As at 31 October 2025	31,439

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	54,832	29,599	84,431
Additions	1,809	-	1,809
Disposals	-	(29,599 )	(29,599 )

As at 31 October 2025	56,641	-	56,641

Depreciation
As at 1 November 2024	32,204	29,599	61,803
Provided during the period	5,538	-	5,538
Disposals	-	(29,599 )	(29,599 )

As at 31 October 2025	37,742	-	37,742

...CONTINUED

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p l Culverhouse Media Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	18,899	-	18,899

As at 1 November 2024	22,628	-	22,628

6. Stocks

	2025	2024
	£	£
Stock	2,500	2,500
Work in progress	2,544	-

	5,044	2,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	6,007	10,963
Other debtors	-	15,012

	6,007	25,975

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,741	21,236
Bank loans and overdrafts	7,926	10,314
Corporation tax	4,269	2,663
Other taxes and social security	92	75
VAT	5,149	2,699
Other creditors	521	15
Accruals and deferred income	64	-
Directors' loan accounts	6,282	-

	35,044	37,002

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,781
Other creditors	1	1

	1	7,782

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,002	1,002

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