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REGISTERED NUMBER: 03893027 (England and Wales)














Financial Statements for the Year Ended 30 April 2023

for

Media Electrics Ltd

Media Electrics Ltd (Registered number: 03893027)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Media Electrics Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr J Coote
Mrs T M Coote
Mr S M Cutmore
Mr P E Tyson





REGISTERED OFFICE: 95 Oak Hill
Woodford Green
Essex
IG8 9PF





REGISTERED NUMBER: 03893027 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Media Electrics Ltd (Registered number: 03893027)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,124 132,171

CURRENT ASSETS
Stocks - 24,935
Debtors 5 292,775 341,556
Cash at bank and in hand 25,832 47,934
318,607 414,425
CREDITORS
Amounts falling due within one year 6 205,893 341,963
NET CURRENT ASSETS 112,714 72,462
TOTAL ASSETS LESS CURRENT LIABILITIES 238,838 204,633

CREDITORS
Amounts falling due after more than one year 7 (37,762 ) (46,841 )

PROVISIONS FOR LIABILITIES (17,457 ) (22,694 )
NET ASSETS 183,619 135,098

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 183,518 134,998
SHAREHOLDERS' FUNDS 183,619 135,098

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 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.

Media Electrics Ltd (Registered number: 03893027)

Statement of Financial Position - continued
30 April 2023


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 30 January 2024 and were signed on its behalf by:





Mr J Coote - Director


Media Electrics Ltd (Registered number: 03893027)

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

1. STATUTORY INFORMATION

Media Electrics 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Media Electrics Ltd (Registered number: 03893027)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 59,936 170,921 33,345 36,087 300,289
Additions - 5,890 - 16,164 22,054
At 30 April 2023 59,936 176,811 33,345 52,251 322,343
DEPRECIATION
At 1 May 2022 14,831 117,363 16,119 19,805 168,118
Charge for year 6,766 8,918 4,305 8,112 28,101
At 30 April 2023 21,597 126,281 20,424 27,917 196,219
NET BOOK VALUE
At 30 April 2023 38,339 50,530 12,921 24,334 126,124
At 30 April 2022 45,105 53,558 17,226 16,282 132,171

Media Electrics Ltd (Registered number: 03893027)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022
and 30 April 2023 18,520
DEPRECIATION
At 1 May 2022 4,630
Charge for year 3,472
At 30 April 2023 8,102
NET BOOK VALUE
At 30 April 2023 10,418
At 30 April 2022 13,890

5. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 89,773 61,442
Other debtors 1,507 663
91,280 62,105

Amounts falling due after more than one year:
Amounts owed by participating interests 201,495 279,451

Aggregate amounts 292,775 341,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 106,941 183,830
Hire purchase contracts 3,494 3,494
Trade creditors 64,948 130,746
Taxation and social security 26,105 12,154
Other creditors 4,405 11,739
205,893 341,963

Media Electrics Ltd (Registered number: 03893027)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 34,559 40,144
Hire purchase contracts 3,203 6,697
37,762 46,841

8. RELATED PARTY DISCLOSURES

The Director, Mr J Coote is deemed to be the key management personnel