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REGISTERED NUMBER: 06455911















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Medialab Ltd

Medialab Ltd (Registered number: 06455911)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Medialab Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: S Cox





SECRETARY: Mrs D S Cox





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: 19 Westhill
Finchfield
Wolverhampton
West Midlands
WV3 9HL





REGISTERED NUMBER: 06455911





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Medialab Ltd (Registered number: 06455911)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,414 2,850

CURRENT ASSETS
Cash at bank 3,365 6,193

CREDITORS
Amounts falling due within one year 5 6,377 7,249
NET CURRENT LIABILITIES (3,012 ) (1,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(598

)

1,794

CREDITORS
Amounts falling due after more than one
year

6

9,000

9,000
NET LIABILITIES (9,598 ) (7,206 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 (9,600 ) (7,208 )
SHAREHOLDERS' FUNDS (9,598 ) (7,206 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:



S Cox - Director


Medialab Ltd (Registered number: 06455911)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Medialab Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Medialab Ltd (Registered number: 06455911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 1,157 15,164 16,321
Additions - 308 308
At 30 April 2023 1,157 15,472 16,629
DEPRECIATION
At 1 May 2022 231 13,240 13,471
Charge for year 186 558 744
At 30 April 2023 417 13,798 14,215
NET BOOK VALUE
At 30 April 2023 740 1,674 2,414
At 30 April 2022 926 1,924 2,850

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 2,268 -
VAT 34 451
Directors' current accounts 3,615 6,337
Accrued expenses 460 461
6,377 7,249

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other loans - 2-5 years 9,000 9,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
2 Ordinary £1 2 2

Medialab Ltd (Registered number: 06455911)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. RESERVES
Retained
earnings
£   

At 1 May 2022 (7,208 )
Deficit for the year (392 )
Dividends (2,000 )
At 30 April 2023 (9,600 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Cox.