Registered number
05697774
Media A2Z Ltd
Filleted Accounts
28 February 2023
Media A2Z Ltd
Registered number: 05697774
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,445 1,948
Current assets
Stocks 193,521 452,689
Debtors 4 58,835 156,656
Cash at bank and in hand 543,284 666,851
795,640 1,276,196
Creditors: amounts falling due within one year 5 (449,368) (618,887)
Net current assets 346,272 657,309
Total assets less current liabilities 347,717 659,257
Creditors: amounts falling due after more than one year 6 (117,711) (170,443)
Provisions for liabilities (274) (370)
Net assets 229,732 488,444
Capital and reserves
Called up share capital 100 100
Profit and loss account 229,632 488,344
Shareholders' funds 229,732 488,444
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.
Kamlesh Patel
Director
Approved by the board on 8 November 2023
Media A2Z Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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 over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. 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. Current and deferred tax liabilities are not discounted.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 12,800
At 28 February 2023 12,800
Depreciation
At 1 March 2022 10,852
Charge for the year 503
At 28 February 2023 11,355
Net book value
At 28 February 2023 1,445
At 28 February 2022 1,948
4 Debtors 2023 2022
£ £
Trade debtors 23,374 13,270
Other debtors, prepayments and deposits 35,461 143,386
58,835 156,656
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 56,780 128,497
Trade creditors 11,526 2,100
Corporation tax - 39,630
Other taxes and social security costs 367,198 381,691
Shareholder Loan 13,864 66,969
449,368 618,887
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 117,711 170,443
7 Other information
Media A2Z Ltd is a private company limited by shares and incorporated in England. Its registered office is:
226-228 King Street
London
W6 0RA
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