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Registered Number: 04955478
England and Wales

 

 

 

MEDIAWORKS TRUST


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MEDIAWORKS TRUST for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MEDIAWORKS TRUST for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of MEDIAWORKS TRUST , as a body, in accordance with the terms of our engagement letter dated 28 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of MEDIAWORKS TRUST and state those matters that we have agreed to state to the Board of Directors of MEDIAWORKS TRUST , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MEDIAWORKS TRUST and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MEDIAWORKS TRUST has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MEDIAWORKS TRUST . You consider that MEDIAWORKS TRUST is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MEDIAWORKS TRUST . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2023



....................................................
SRB Accountancy Limited
The Lower Stables
Main Street, Sudbury
Ashbourne
Derbyshire
DE6 5HT
28 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 194,837    26,188 
194,837    26,188 
Current assets      
Cash at bank and in hand 3,751    47,085 
Creditors: amount falling due within one year (131,550)   (13,195)
Net current assets (127,799)   33,890 
 
Total assets less current liabilities 67,038    60,078 
Creditors: amount falling due after more than one year (29,925)   (39,692)
Net assets 37,113    20,386 
 

Capital and reserves
     
Profit and loss account 37,113    20,386 
Members' funds 37,113    20,386 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 August 2024 and were signed on its behalf by:


-------------------------------
Mahboob Akhter
Director
2
General Information
MEDIAWORKS TRUST is a private company, limited by guarantee, registered in England and Wales, registration number 04955478, registration address The Nest Studios, 121 Peet Street, Derby, Derbyshire, DE22 3RG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
The trust is not required to pay corporation tax.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 December 2022 25,786    1,360    27,146 
Additions 168,750      168,750 
Disposals    
At 30 November 2023 194,536    1,360    195,896 
Depreciation
At 01 December 2022   958    958 
Charge for year   101    101 
On disposals    
At 30 November 2023   1,059    1,059 
Net book values
Closing balance as at 30 November 2023 194,536    301    194,837 
Opening balance as at 01 December 2022 25,786    402    26,188 


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