Markus Media Ltd 11181170 false 2023-03-01 2024-08-31 2024-08-31 The principal activity of the company is media representation services. Digita Accounts Production Advanced 6.30.9574.0 true true 11181170 2023-03-01 2024-08-31 11181170 2024-08-31 11181170 bus:Director1 1 2024-08-31 11181170 core:CurrentFinancialInstruments 2024-08-31 11181170 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11181170 core:FurnitureFittingsToolsEquipment 2024-08-31 11181170 bus:SmallEntities 2023-03-01 2024-08-31 11181170 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-08-31 11181170 bus:FullAccounts 2023-03-01 2024-08-31 11181170 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-08-31 11181170 bus:RegisteredOffice 2023-03-01 2024-08-31 11181170 bus:Director1 2023-03-01 2024-08-31 11181170 bus:Director1 1 2023-03-01 2024-08-31 11181170 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-08-31 11181170 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-08-31 11181170 countries:EnglandWales 2023-03-01 2024-08-31 11181170 2023-02-28 11181170 bus:Director1 1 2023-02-28 11181170 core:FurnitureFittingsToolsEquipment 2023-02-28 11181170 2022-03-01 2023-02-28 11181170 2023-02-28 11181170 bus:Director1 1 2023-02-28 11181170 core:CurrentFinancialInstruments 2023-02-28 11181170 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11181170 bus:Director1 1 2022-03-01 2023-02-28 11181170 bus:Director1 1 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 11181170

Markus Media Ltd

Unaudited Filleted Financial Statements

for the Period from 1 March 2023 to 31 August 2024

 

Markus Media Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Markus Media Ltd

Company Information

Director

Mr Hans Hagman

Registered office

Top Flat
82
Sinclair Road
London
W14 0NJ

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Markus Media Ltd

(Registration number: 11181170)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

862

-

Current assets

 

Debtors

5

-

2,500

Cash at bank and in hand

 

2,818

9,289

 

2,818

11,789

Creditors: Amounts falling due within one year

6

(29,900)

(10,288)

Net current (liabilities)/assets

 

(27,082)

1,501

Net (liabilities)/assets

 

(26,220)

1,501

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(26,320)

1,401

Shareholders' (deficit)/funds

 

(26,220)

1,501

 

Markus Media Ltd

(Registration number: 11181170)
Balance Sheet as at 31 August 2024

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2024
 

.........................................
Mr Hans Hagman
Director

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Top Flat
82
Sinclair Road
London
W14 0NJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax,returns,rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expenses recoganised as other comprehensive income is also recoganised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade dectors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recoginised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct cost issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,149

1,149

At 31 August 2024

1,149

1,149

Depreciation

At 1 March 2023

287

287

At 31 August 2024

287

287

Carrying amount

At 31 August 2024

862

862

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

-

2,500

 

-

2,500

 

Markus Media Ltd

Notes to the Unaudited Financial Statements for the Period from 1 March 2023 to 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

248

Accruals and deferred income

1,680

10,040

Other creditors

28,220

-

29,900

10,288

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         

8

Related party transactions

Transactions with the director

2024

At 1 March 2023
£

Repayments by director
£

At 31 August 2024
£

Mr Hans Hagman

Amount owed from/(to) the director

-

(28,219)

(28,219)

       
     

 

2023

At 1 March 2022
£

Repayments by director
£

At 28 February 2023
£

Mr Hans Hagman

Amount owed from/(to) the director

11,720

(11,720)

-