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REGISTERED NUMBER: 11167001 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Mediakeys Ltd

Mediakeys Ltd (Registered number: 11167001)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mediakeys Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P L R M Cahierre





SECRETARY: R J Melhuish





REGISTERED OFFICE: 198 Finchampstead Road
Wokingham
United Kingdom
RG40 3HB





REGISTERED NUMBER: 11167001 (England and Wales)





AUDITORS: Geoffrey Cole & Co Ltd
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Mediakeys Ltd (Registered number: 11167001)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 660,650 1,017,961
Cash at bank 152,635 383,827
813,285 1,401,788
CREDITORS
Amounts falling due within one year 5 745,798 1,365,731
NET CURRENT ASSETS 67,487 36,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,487

36,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,387 35,957
67,487 36,057

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 director and authorised for issue on 16 September 2024 and were signed by:





P L R M Cahierre - Director


Mediakeys Ltd (Registered number: 11167001)

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

1. STATUTORY INFORMATION

Mediakeys Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Mediakeys Ltd (Registered number: 11167001)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 471,279 905,961
Other debtors 189,371 112,000
660,650 1,017,961

Included within Trade debtors are amounts owed by group companies of £171,628 (2022: £800,128).

Included within Other Debtors are amounts owed by group companies of £74,770 (2022: £Nil).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 561,886 1,062,675
Taxation and social security 9,643 2,068
Other creditors 174,269 300,988
745,798 1,365,731

Included within Trade creditors are amounts owing to group companies of £125,076 (2022: £199,155).

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,012 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

G S J Cole (Senior Statutory Auditor)
for and on behalf of Geoffrey Cole & Co Ltd

8. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The ultimate parent company is Mediakeys SAS.

The controlling party is P L R M Cahierre.