Spirit Media Studios Limited - Filleted accounts

Registered number

12472997

Spirit Media Studios Limited

Filleted Accounts

31 December 2025

Spirit Media Studios Limited
Registered number:		12472997
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		32,135			30,285
Investments	4		5			-
			32,140			30,285

Current assets
Debtors	5	581,665			162,920
Cash at bank and in hand		292,179			414,551
		873,844			577,471

Creditors: amounts falling due within one year	6	(622,677)			(205,968)

Net current assets			251,167			371,503

Total assets less current liabilities			283,307			401,788

Creditors: amounts falling due after more than one year	7		-			(4,167)



Net assets			283,307			397,621

Capital and reserves
Called up share capital			222			222
Share premium			799,976			799,976
Profit and loss account			(516,891)			(402,577)

Shareholders' funds			283,307			397,621

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Peter Cowley
Director
Approved by the board on 15 September 2026

Spirit Media Studios Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance basis

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		12		13


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				51,664
	Additions				10,960
	At 31 December 2025				62,624

	Depreciation
	At 1 January 2025				21,379
	Charge for the year				9,110
	At 31 December 2025				30,489

	Net book value
	At 31 December 2025				32,135
	At 31 December 2024				30,285


4	Investments

Other
investments
£
	Cost
	Additions				5

	At 31 December 2025				5

	Historical cost
	At 31 December 2025				5



5	Debtors		2025		2024
£				£

	Trade debtors		489,805		124,742
	Director's loan		164		164
	Prepayments		59,550		25,573
	Other debtors		32,146		12,441
			581,665		162,920


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		4,167		10,000
	Trade creditors		266,736		71,156
	Taxation and social security costs		37,017		57,191
	Accruals		208,787		15,152
	Deferred income		97,143		-
	Other creditors		8,827		52,469
			622,677		205,968


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		-		4,167


8	Other financial commitments		2025		2024
£				£

	Total future minimum payments under non-cancellable operating leases		132,593		53,944


9	Other information

	Spirit Media Studios Limited is a private company limited by shares and incorporated in England. Its registered office is:
	12 Gloucester Road
	Teddington
	TW11 0NU