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REGISTERED NUMBER: 04523807 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Mediafour Limited

Mediafour Limited (Registered number: 04523807)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mediafour Limited (Registered number: 04523807)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,528 19,256

CURRENT ASSETS
Debtors 5 139,616 93,296
Cash at bank and in hand 254,803 255,211
394,419 348,507
CREDITORS
Amounts falling due within one year 6 (127,751 ) (110,975 )
NET CURRENT ASSETS 266,668 237,532
TOTAL ASSETS LESS CURRENT LIABILITIES 291,196 256,788

CREDITORS
Amounts falling due after more than one
year

7

(4,200

)

(6,600

)

PROVISIONS FOR LIABILITIES (5,765 ) (3,659 )
NET ASSETS 281,231 246,529

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 280,231 245,529
SHAREHOLDERS' FUNDS 281,231 246,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mediafour Limited (Registered number: 04523807)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mr R W Lord - Director


Mediafour Limited (Registered number: 04523807)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mediafour Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04523807

Registered office: Clark House
Hulley Road
Macclesfield
Cheshire
SK10 2LU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Mediafour Limited (Registered number: 04523807)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 227,228 7,596 130,422 365,246
Additions 9,433 - 5,185 14,618
At 31 December 2023 236,661 7,596 135,607 379,864
DEPRECIATION
At 1 January 2023 222,752 6,293 116,945 345,990
Charge for year 4,044 434 4,868 9,346
At 31 December 2023 226,796 6,727 121,813 355,336
NET BOOK VALUE
At 31 December 2023 9,865 869 13,794 24,528
At 31 December 2022 4,476 1,303 13,477 19,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 120,182 89,359
Other debtors 19,434 3,937
139,616 93,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,491 2,400
Trade creditors 12,424 25,440
Taxation and social security 98,988 78,676
Other creditors 5,848 4,459
127,751 110,975

Mediafour Limited (Registered number: 04523807)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 4,200 6,600

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr S A J Taylor
Balance outstanding at start of year - 15,682
Amounts advanced 1,915 -
Amounts repaid - (15,682 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,915 -

Mrs M L Barker
Balance outstanding at start of year - -
Amounts advanced 1,909 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,909 -

Interest is charged on overdrawn loan account balances, in excess of £10,000, at a rate of 2.5% per month up to and including 31 March 2023 and 2.25% from 1 April 2023 onwards.