Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07752396 Mr John Walton Mr Dean Walton Mrs Sandra Walton Mr Brett Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07752396 2023-03-31 07752396 2024-03-31 07752396 2023-04-01 2024-03-31 07752396 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07752396 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07752396 frs-core:PlantMachinery 2023-04-01 2024-03-31 07752396 frs-core:ShareCapital 2024-03-31 07752396 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07752396 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07752396 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 07752396 frs-bus:SmallEntities 2023-04-01 2024-03-31 07752396 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07752396 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07752396 frs-bus:Director1 2023-04-01 2024-03-31 07752396 frs-bus:Director1 2023-03-31 07752396 frs-bus:Director1 2024-03-31 07752396 frs-bus:Director2 2023-04-01 2024-03-31 07752396 frs-bus:Director3 2023-04-01 2024-03-31 07752396 frs-bus:Director3 2023-03-31 07752396 frs-bus:Director3 2024-03-31 07752396 frs-bus:Director4 2023-04-01 2024-03-31 07752396 frs-bus:Director4 2023-03-31 07752396 frs-bus:Director4 2024-03-31 07752396 frs-countries:EnglandWales 2023-04-01 2024-03-31 07752396 2022-03-31 07752396 2023-03-31 07752396 2022-04-01 2023-03-31 07752396 frs-core:ShareCapital 2023-03-31 07752396 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07752396
Mediaflex Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07752396
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,102 8,830
1,102 8,830
CURRENT ASSETS
Debtors 56,322 77,298
Cash at bank and in hand 200,438 604,635
256,760 681,933
Creditors: Amounts Falling Due Within One Year (170,756 ) (233,166 )
NET CURRENT ASSETS (LIABILITIES) 86,004 448,767
TOTAL ASSETS LESS CURRENT LIABILITIES 87,106 457,597
PROVISIONS FOR LIABILITIES
Deferred Taxation (275 ) (2,208 )
NET ASSETS 86,831 455,389
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 86,731 455,289
SHAREHOLDERS' FUNDS 86,831 455,389
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Brett Walton
Director
02/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Mediaflex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07752396 . The registered office is Broad Hill Farm Broad Hill, Defford, Worcestershire, England, WR8 9AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of digital mobile phone software. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 50% Straight Line
Fixtures & Fittings 50% Straight Line
Computer Equipment 33.33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 26,783
Additions 870
As at 31 March 2024 27,653
Depreciation
As at 1 April 2023 17,953
Provided during the period 8,598
As at 31 March 2024 26,551
Net Book Value
As at 31 March 2024 1,102
As at 1 April 2023 8,830
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Dean Walton (227 ) 667 - - 400
Mrs Sandra Walton (312 ) 355 - - 43
Mr Brett Walton (227 ) 667 - - 400
The above loan is unsecured, interest free and repayable on demand.
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