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REGISTERED NUMBER: 07620776 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MEDIACHUM LIMITED

MEDIACHUM LIMITED (REGISTERED NUMBER: 07620776)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEDIACHUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A Roberts





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussexd
BN3 2PJ





REGISTERED NUMBER: 07620776 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

MEDIACHUM LIMITED (REGISTERED NUMBER: 07620776)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,099 246

CURRENT ASSETS
Debtors 5 1,601 2,621
Cash at bank 8,998 6,192
10,599 8,813
CREDITORS
Amounts falling due within one year 6 6,809 7,147
NET CURRENT ASSETS 3,790 1,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,889

1,912

PROVISIONS FOR LIABILITIES 7 525 47
NET ASSETS 5,364 1,865

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,362 1,863
SHAREHOLDERS' FUNDS 5,364 1,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2024 and were signed by:





A Roberts - Director


MEDIACHUM LIMITED (REGISTERED NUMBER: 07620776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Mediachum 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 1,346
Additions 2,367
At 31 May 2024 3,713
DEPRECIATION
At 1 June 2023 1,100
Charge for year 514
At 31 May 2024 1,614
NET BOOK VALUE
At 31 May 2024 2,099
At 31 May 2023 246

MEDIACHUM LIMITED (REGISTERED NUMBER: 07620776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,600 2,620
Other debtors 1 1
1,601 2,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,308 5,582
Directors' current accounts 1 227
Accrued expenses 1,500 1,338
6,809 7,147

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred Tax Brought Forward 47 9
Deferred Tax Provision in Year 478 38
525 47

Deferred
tax
£   
Balance at 1 June 2023 47
Provided during year 478
Accelerated Capital allowances
Balance at 31 May 2024 525

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Mr A Roberts decreased his loan to the company. As at 31st May 2024, the company owed him £1 (2023: £227). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Roberts.

This was by virtue of their 100% holding of the issued Ordinary share capital.