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REGISTERED NUMBER: 04759895 (England and Wales)















MEDIA DESIGN LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2023






MEDIA DESIGN LIMITED (REGISTERED NUMBER: 04759895)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEDIA DESIGN LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs J M Morris
Mr P Morris





SECRETARY: Mrs J M Morris





REGISTERED OFFICE: Upper Gaer
Cwmdu
Nr Crickhowell
Powys
NP8 1SB





REGISTERED NUMBER: 04759895 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

MEDIA DESIGN LIMITED (REGISTERED NUMBER: 04759895)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,268 24,305

CURRENT ASSETS
Debtors 5 53,017 69,242
Cash at bank 499,633 397,617
552,650 466,859
CREDITORS
Amounts falling due within one year 6 283,258 285,396
NET CURRENT ASSETS 269,392 181,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,660

205,768

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 2,495 2,495
Retained earnings 341,040 203,148
343,660 205,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Mrs J M Morris - Director


MEDIA DESIGN LIMITED (REGISTERED NUMBER: 04759895)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Media Design Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 7 ) .

MEDIA DESIGN LIMITED (REGISTERED NUMBER: 04759895)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 1,150 34,065 - 35,215
Additions - 5,744 54,275 60,019
At 31 July 2023 1,150 39,809 54,275 95,234
DEPRECIATION
At 1 August 2022 61 10,849 - 10,910
Charge for year 23 5,510 4,523 10,056
At 31 July 2023 84 16,359 4,523 20,966
NET BOOK VALUE
At 31 July 2023 1,066 23,450 49,752 74,268
At 31 July 2022 1,089 23,216 - 24,305

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 43,107 69,242
Other debtors 9,910 -
53,017 69,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Payments on account 184,051 182,623
Trade creditors 17,421 19,319
Taxation and social security 81,544 69,152
Other creditors 242 14,302
283,258 285,396

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J M Morris.