Registered number: 08775627 | ||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||
Prepared By: | ||||||||
DBR Accounts Limited | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
The Media Connexions Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Buckinghamshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08775627 | ||||||||
ACCOUNTANTS | ||||||||
DBR Accounts Limited | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
The Media Connexions Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/11/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
The Media Connexions Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
45,880 | 40,391 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (12,130) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | (26,668) | (3,870) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
The Media Connexions Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/11/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis. The director intends to support the company for the foreseeable future and for a period of not less than 12 months. |
1c. Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Land And Buildings | reducing balance15% | |||||||
Fixtures And Fittings | reducing balance15% | |||||||
Equipment | reducing balance25% |
1d. Goodwill | ||||||||
1e. Financial Instruments | ||||||||
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. | ||||||||
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost. | ||||||||
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
The Media Connexions Ltd | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/12/2022 | 70,000 | 70,000 | ||
Additions | 50,000 | 50,000 | ||
At 30/11/2023 | 120,000 | 120,000 | ||
Depreciation | ||||
At 01/12/2022 | 63,700 | 63,700 | ||
For the year | 6,000 | 6,000 | ||
At 30/11/2023 | 69,700 | 69,700 | ||
Net Book Amounts | ||||
At 30/11/2023 | ||||
At 30/11/2022 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Land And | Fixtures | |||||||
Buildings | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/12/2022 | - | 274 | 4,258 | 4,532 | ||||
Additions | 33,710 | 720 | - | 34,430 | ||||
At 30/11/2023 | 33,710 | 994 | 4,258 | 38,962 | ||||
Depreciation | ||||||||
At 01/12/2022 | - | 41 | 2,431 | 2,472 | ||||
For the year | 5,056 | 143 | 457 | 5,656 | ||||
At 30/11/2023 | 5,056 | 184 | 2,888 | 8,128 | ||||
Net Book Amounts | ||||||||
At 30/11/2023 | 30,834 | |||||||
At 30/11/2022 | 2,060 | |||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 5,000 | 5,000 | ||||||
5,000 | 5,000 | |||||||
The Media Connexions Ltd | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
VAT | 857 | 10,777 | ||||||
Directors current account | 33,422 | 23,546 | ||||||
Bounce Back Loan | 15,833 | 16,693 | ||||||
Funding Circle Loan | 45,833 | - | ||||||
Lending Crowd Loan | 56,032 | - | ||||||
Accruals | 1,605 | 1,505 | ||||||
153,582 | 52,521 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
8. CONTROLLING PARTY | ||||||||
Mr R Pegler is the ultimate controlling party by virtue of his sole directorship and majority ownership of the company's issued share capital. | ||||||||