2023-01-012023-12-312023-12-31false03902613Media Circle Training 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Media Circle Training Limited

Registered Number
03902613
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

Media Circle Training Limited
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

MICHAEL, Alexander Harry Law
MICHAEL, Elizabeth Rosemary

Company Secretary

Thrings Company Secretarial Limited

Registered Address

C/O Thrings Llp 6 Drakes Meadow
Penny Lane
Swindon
SN3 3LL

Registered Number

03902613 (England and Wales)
Media Circle Training Limited
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors312,78212,071
Cash at bank and on hand21,36017,578
34,14229,649
Creditors amounts falling due within one year4(7,903)(7,756)
Net current assets (liabilities)26,23921,893
Total assets less current liabilities26,23921,893
Net assets26,23921,893
Capital and reserves
Profit and loss account26,23921,893
Reserves26,23921,893
The financial statements were approved and authorised for issue by the Board of Directors on 21 August 2024, and are signed on its behalf by:
MICHAEL, Alexander Harry Law
Director
Registered Company No. 03902613
Media Circle Training Limited
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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 rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees
Average number of persons employed by the company, including directors.

20232022
Average number of employees during the year21
3.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables10,0507,944
Other debtors1,6443,039
Prepayments and accrued income1,0881,088
Total12,78212,071
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4,0033,519
Taxation and social security100237
Other creditors400800
Accrued liabilities and deferred income3,4003,200
Total7,9037,756