| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2025 |
| for |
| ENCODED MEDIA (UK) LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 28 February 2025 |
| for |
| ENCODED MEDIA (UK) LIMITED |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Contents of the Financial Statements |
| for the year ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| ENCODED MEDIA (UK) LIMITED |
| Company Information |
| for the year ended 28 February 2025 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Broadwalk House, 5th Floor |
| 5 Appold Street |
| Broadgate |
| London |
| EC2A 2AG |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Statement of Financial Position |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stock |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 11 |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Statement of Financial Position - continued |
| 28 February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Notes to the Financial Statements |
| for the year ended 28 February 2025 |
| 1. | Statutory information |
| Encoded Media (UK) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents services invoiced, excluding any deferred income and value added tax. |
| Tangible fixed assets |
| Office equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stock |
| The stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Research and development |
| Expenditure on research and development is expensed through the profit and loss account when it is incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 4. | Tangible fixed assets |
| Office | Motor | Computer |
| equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 March 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 28 February 2025 |
| Depreciation |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 28 February 2025 |
| Net book value |
| At 28 February 2025 |
| At 29 February 2024 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 8) |
| Other creditors |
| ENCODED MEDIA (UK) LIMITED (REGISTERED NUMBER: 05359572) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 8. | Loans |
| The bank loan is repayable by equal monthly instalments over five years commencing December 2021. |
| 9. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | Provisions for liabilities |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 4,590 | 10,894 |
| Deferred tax |
| £ |
| Balance at 1 March 2024 |
| Provided during year | ( |
) |
| Balance at 28 February 2025 |
| 11. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary £1 Shares | 1 | 300 | 300 |
| 12. | Directors' advances, credits and guarantees |
| During the year the company repaid a net amount to the directors of £36,663 (2024 - £43,270, borrowed from). Amounts advanced to the company are interest free and repayable upon demand. At the balance sheet date the amount due from the company was £5,907 (2024 - £42,570). |