IRIS Accounts Production v23.4.0.336 SC121762 director 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1217622022-04-30SC1217622023-04-30SC1217622022-05-012023-04-30SC1217622021-04-30SC1217622021-05-012022-04-30SC1217622022-04-30SC121762ns15:Scotland2022-05-012023-04-30SC121762ns14:PoundSterling2022-05-012023-04-30SC121762ns10:Director12022-05-012023-04-30SC121762ns10:PrivateLimitedCompanyLtd2022-05-012023-04-30SC121762ns10:SmallEntities2022-05-012023-04-30SC121762ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-30SC121762ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-30SC121762ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-30SC121762ns10:FullAccounts2022-05-012023-04-30SC121762ns10:RegisteredOffice2022-05-012023-04-30SC121762ns5:CurrentFinancialInstruments2023-04-30SC121762ns5:CurrentFinancialInstruments2022-04-30SC121762ns5:Non-currentFinancialInstruments2023-04-30SC121762ns5:Non-currentFinancialInstruments2022-04-30SC121762ns5:ShareCapital2023-04-30SC121762ns5:ShareCapital2022-04-30SC121762ns5:RetainedEarningsAccumulatedLosses2023-04-30SC121762ns5:RetainedEarningsAccumulatedLosses2022-04-30SC121762ns5:FurnitureFittings2022-05-012023-04-30SC121762ns5:MotorVehicles2022-05-012023-04-30SC121762ns5:ComputerEquipment2022-05-012023-04-30SC121762ns5:FurnitureFittings2022-04-30SC121762ns5:MotorVehicles2022-04-30SC121762ns5:ComputerEquipment2022-04-30SC121762ns5:FurnitureFittings2023-04-30SC121762ns5:MotorVehicles2023-04-30SC121762ns5:ComputerEquipment2023-04-30SC121762ns5:FurnitureFittings2022-04-30SC121762ns5:MotorVehicles2022-04-30SC121762ns5:ComputerEquipment2022-04-30SC121762ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC121762ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30SC121762ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-04-30SC121762ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-04-30SC121762ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-30SC121762ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-04-30
REGISTERED NUMBER: SC121762 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

MEDIA WORLD LIMITED

MEDIA WORLD LIMITED (REGISTERED NUMBER: SC121762)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDIA WORLD LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: Miss S H Young





REGISTERED OFFICE: PO Box 2642
Kilmarnock
KA1 9GL





REGISTERED NUMBER: SC121762 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

MEDIA WORLD LIMITED (REGISTERED NUMBER: SC121762)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,993 5,924

CURRENT ASSETS
Debtors 5 13,280 53,442
Cash at bank 2,676 -
15,956 53,442
CREDITORS
Amounts falling due within one year 6 43,953 70,437
NET CURRENT LIABILITIES (27,997 ) (16,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,004

)

(11,071

)

CREDITORS
Amounts falling due after more than one
year

7

20,833

30,833
NET LIABILITIES (42,837 ) (41,904 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,937 ) (42,004 )
SHAREHOLDERS' FUNDS (42,837 ) (41,904 )

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 her 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 WORLD LIMITED (REGISTERED NUMBER: SC121762)

BALANCE SHEET - 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 director and authorised for issue on 14 March 2024 and were signed by:





Miss S H Young - Director


MEDIA WORLD LIMITED (REGISTERED NUMBER: SC121762)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Media World Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's lenders and directors.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

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.

Government grants
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

MEDIA WORLD LIMITED (REGISTERED NUMBER: SC121762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 8,817 7,150 27,316 43,283
Additions - - 2,066 2,066
At 30 April 2023 8,817 7,150 29,382 45,349
DEPRECIATION
At 1 May 2022 8,817 7,150 21,392 37,359
Charge for year - - 1,997 1,997
At 30 April 2023 8,817 7,150 23,389 39,356
NET BOOK VALUE
At 30 April 2023 - - 5,993 5,993
At 30 April 2022 - - 5,924 5,924

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 12,004 41,377
Other debtors 495 11,131
Prepayments & sundry debtors 781 934
13,280 53,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 10,000 13,792
Trade creditors 9,206 3,571
Tax 2,534 -
Social security and other taxes 1,511 3,068
VAT 11,491 13,880
Sundry creditors 944 30,971
Directors' current accounts 3,267 3,513
Accrued expenses 5,000 1,642
43,953 70,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,833 20,833
20,833 30,833

MEDIA WORLD LIMITED (REGISTERED NUMBER: SC121762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

8. ULTIMATE CONTROLLING PARTY

Ms S Young is considered to be the ultimate controlling party.

9. GOODWILL

In addition to the fixed assets disclosed in the balance sheet, the company owns the rights to the magazine titles "The Dram", "Wee Dram" "Hotel Scotland" "Top Bars" "Critic's Choice" and "Wee Guides". Goodwill relating thereto has not been recognised in the balance sheet of the company. "