Silverfin false 31/03/2023 04/03/2022 31/03/2023 David Roland Guppy 04/03/2022 29 September 2023 The principal activity of the Company during the financial year was providing management consultancy. 13956091 2023-03-31 13956091 bus:Director1 2023-03-31 13956091 core:CurrentFinancialInstruments 2023-03-31 13956091 core:ShareCapital 2023-03-31 13956091 core:RetainedEarningsAccumulatedLosses 2023-03-31 13956091 core:OfficeEquipment 2022-03-03 13956091 2022-03-03 13956091 core:OfficeEquipment 2023-03-31 13956091 bus:OrdinaryShareClass1 2023-03-31 13956091 2022-03-04 2023-03-31 13956091 bus:FullAccounts 2022-03-04 2023-03-31 13956091 bus:SmallEntities 2022-03-04 2023-03-31 13956091 bus:AuditExemptWithAccountantsReport 2022-03-04 2023-03-31 13956091 bus:PrivateLimitedCompanyLtd 2022-03-04 2023-03-31 13956091 bus:Director1 2022-03-04 2023-03-31 13956091 core:OfficeEquipment core:TopRangeValue 2022-03-04 2023-03-31 13956091 core:OfficeEquipment 2022-03-04 2023-03-31 13956091 bus:OrdinaryShareClass1 2022-03-04 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13956091 (England and Wales)

MEDIA7ONE LTD

Unaudited Financial Statements
For the financial period from 04 March 2022 to 31 March 2023
Pages for filing with the registrar

MEDIA7ONE LTD

Unaudited Financial Statements

For the financial period from 04 March 2022 to 31 March 2023

Contents

MEDIA7ONE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
MEDIA7ONE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 31.03.2023
£
Fixed assets
Tangible assets 3 491
491
Current assets
Cash at bank and in hand 48,766
48,766
Creditors: amounts falling due within one year 4 ( 15,643)
Net current assets 33,123
Total assets less current liabilities 33,614
Net assets 33,614
Capital and reserves
Called-up share capital 5 1
Profit and loss account 33,613
Total shareholder's funds 33,614

For the financial period ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Media7one Ltd (registered number: 13956091) were approved and authorised for issue by the Director on 29 September 2023. They were signed on its behalf by:

David Roland Guppy
Director
MEDIA7ONE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 March 2022 to 31 March 2023
MEDIA7ONE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 04 March 2022 to 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Media7one 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 Brook Farm,, Southwood, Glastonbury, BA6 8PG, United Kingdom. The registered number of the company is 13956091.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
04.03.2022 to
31.03.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 04 March 2022 0 0
Additions 655 655
At 31 March 2023 655 655
Accumulated depreciation
At 04 March 2022 0 0
Charge for the financial period 164 164
At 31 March 2023 164 164
Net book value
At 31 March 2023 491 491

4. Creditors: amounts falling due within one year

31.03.2023
£
Amounts owed to director 399
Taxation and social security 15,244
15,643

5. Called-up share capital

31.03.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

6. Related party transactions

Transactions with the entity's director

31.03.2023
£
Amounts owed to the director 399

No interest is charged on this loan and there are no set repayment term.