IRIS Accounts Production v23.1.5.20 06493186 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064931862022-02-28064931862023-02-28064931862022-03-012023-02-28064931862021-02-28064931862021-03-012022-02-28064931862022-02-2806493186ns15:EnglandWales2022-03-012023-02-2806493186ns14:PoundSterling2022-03-012023-02-2806493186ns10:Director12022-03-012023-02-2806493186ns10:PrivateLimitedCompanyLtd2022-03-012023-02-2806493186ns10:SmallEntities2022-03-012023-02-2806493186ns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2806493186ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806493186ns10:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806493186ns10:FullAccounts2022-03-012023-02-2806493186ns10:RegisteredOffice2022-03-012023-02-2806493186ns5:CurrentFinancialInstruments2023-02-2806493186ns5:CurrentFinancialInstruments2022-02-2806493186ns5:ShareCapital2023-02-2806493186ns5:ShareCapital2022-02-2806493186ns5:RetainedEarningsAccumulatedLosses2023-02-2806493186ns5:RetainedEarningsAccumulatedLosses2022-02-2806493186ns5:PlantMachinery2022-03-012023-02-2806493186ns5:ComputerEquipment2022-03-012023-02-2806493186ns5:PlantMachinery2022-02-2806493186ns5:ComputerEquipment2022-02-2806493186ns5:PlantMachinery2023-02-2806493186ns5:ComputerEquipment2023-02-2806493186ns5:PlantMachinery2022-02-2806493186ns5:ComputerEquipment2022-02-28064931861ns10:Director12022-02-28064931861ns10:Director12021-02-28064931861ns10:Director12022-03-012023-02-28064931861ns10:Director12021-03-012022-02-28064931861ns10:Director12023-02-28064931861ns10:Director12022-02-28
REGISTERED NUMBER: 06493186 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Martimedia Ltd

Martimedia Ltd (Registered number: 06493186)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Martimedia Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Duffy





REGISTERED OFFICE: Unit D, Devon Suite
Dencora Business Centre
36 Whitehouse Road
Ipswich
Suffolk
IP1 5LT





REGISTERED NUMBER: 06493186 (England and Wales)





ACCOUNTANTS: RDP Accountants
Devon Suite
Dencora Business Centre
36 White House Road
Ipswich
Suffolk
IP1 5LT

Martimedia Ltd (Registered number: 06493186)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,336 1,257

CURRENT ASSETS
Debtors 5 219 211
Cash at bank 25,286 27,023
25,505 27,234
CREDITORS
Amounts falling due within one year 6 27,694 26,945
NET CURRENT (LIABILITIES)/ASSETS (2,189 ) 289
TOTAL ASSETS LESS CURRENT
LIABILITIES

(853

)

1,546

PROVISIONS FOR LIABILITIES 208 208
NET (LIABILITIES)/ASSETS (1,061 ) 1,338

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,062 ) 1,337
SHAREHOLDERS' FUNDS (1,061 ) 1,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





M Duffy - Director


Martimedia Ltd (Registered number: 06493186)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Martimedia Ltd is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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 NIL (2022 - NIL).

Martimedia Ltd (Registered number: 06493186)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022 930 5,235 6,165
Additions - 674 674
At 28 February 2023 930 5,909 6,839
DEPRECIATION
At 1 March 2022 901 4,007 4,908
Charge for year 13 582 595
At 28 February 2023 914 4,589 5,503
NET BOOK VALUE
At 28 February 2023 16 1,320 1,336
At 28 February 2022 29 1,228 1,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Prepayments 219 211

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Directors' loan accounts 26,684 25,936
Accrued expenses 1,010 1,009
27,694 26,945

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
M Duffy
Balance outstanding at start of year (25,936 ) (26,113 )
Amounts advanced - 177
Amounts repaid (748 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,684 ) (25,936 )