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COMPANY REGISTRATION NUMBER: 07486458
Mindway Media Limited
Filleted Unaudited Financial Statements
31 January 2024
Mindway Media Limited
Financial Statements
Year ended 31 January 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Mindway Media Limited
Officers and Professional Advisers
The board of directors
E Webb
R Webb
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Mindway Media Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Mindway Media Limited
Year ended 31 January 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Mindway Media Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
5,100
6,251
Current assets
Debtors
6
26,827
30,429
Cash at bank and in hand
1,241
--------
--------
26,827
31,670
Creditors: amounts falling due within one year
7
28,274
30,499
--------
--------
Net current (liabilities)/assets
( 1,447)
1,171
-------
-------
Total assets less current liabilities
3,653
7,422
Creditors: amounts falling due after more than one year
8
3,651
7,420
-------
-------
Net assets
2
2
-------
-------
Capital and reserves
Called up share capital
2
2
----
----
Shareholders funds
2
2
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mindway Media Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
E Webb
Director
Company registration number: 07486458
Mindway Media Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Judgements and key sources of estimation uncertainty
No significant judgements have had to be made by the directors in preparing these financial statements .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% straight line
Office Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 February 2023
7,766
14,673
22,439
Additions
1,350
1,350
-------
--------
--------
At 31 January 2024
7,766
16,023
23,789
-------
--------
--------
Depreciation
At 1 February 2023
7,766
8,422
16,188
Charge for the year
2,501
2,501
-------
--------
--------
At 31 January 2024
7,766
10,923
18,689
-------
--------
--------
Carrying amount
At 31 January 2024
5,100
5,100
-------
--------
--------
At 31 January 2023
6,251
6,251
-------
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
26,827
30,429
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,034
3,948
Corporation tax
8,784
14,087
Other creditors
15,456
12,464
--------
--------
28,274
30,499
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
3,651
7,420
-------
-------