Company Registration No. 11743724 (England and Wales)
Midlands Media Agency Ltd
Unaudited accounts
for the year ended 31 December 2023
Midlands Media Agency Ltd
Unaudited accounts
Contents
Midlands Media Agency Ltd
Company Information
for the year ended 31 December 2023
Company Number
11743724 (England and Wales)
Registered Office
The Firs
Ashdale Road
Helmsley, York
Yorkshire
YO62 5DD
Accountants
JS Accountancy Services
Measham Business Centre
56 High Street/Queens Street
Measham
Derbyshire
DE12 7HZ
Midlands Media Agency Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
174,919
125,399
Creditors: amounts falling due within one year
(63,511)
(47,433)
Net current assets
111,408
77,966
Called up share capital
10
10
Profit and loss account
133,144
77,956
Shareholders' funds
133,154
77,966
For the year ending 31 December 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2024 and were signed on its behalf by
Mr J Siddle
Director
Company Registration No. 11743724
Midlands Media Agency Ltd
Notes to the Accounts
for the year ended 31 December 2023
Midlands Media Agency Ltd is a private company, limited by shares, registered in England and Wales, registration number 11743724. The registered office is The Firs, Ashdale Road, Helmsley, York, Yorkshire, YO62 5DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles
At 31 December 2023
28,995
At 31 December 2023
21,746
Midlands Media Agency Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,762
13,951
Proposed dividends
17,000
-
Loans from directors
19
27
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).