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REGISTERED NUMBER: 07097944 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mindcom Media Limited

Mindcom Media Limited (Registered number: 07097944)

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










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Mindcom Media Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T O'Shea





REGISTERED OFFICE: Holly Cottage
Pond Road
Bradfield
North Walsham
Norfolk
NR28 0AB





REGISTERED NUMBER: 07097944 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mindcom Media Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mindcom Media Limited for the year ended 31 December 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mindcom Media Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mindcom Media Limited and state those matters that we have agreed to state to the director of Mindcom Media Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mindcom Media Limited and its director for our work or for this report.

It is your duty to ensure that Mindcom Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mindcom Media Limited. You consider that Mindcom Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mindcom Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


4 November 2024

Mindcom Media Limited (Registered number: 07097944)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,482 -
Tangible assets 5 313 496
2,795 496

CURRENT ASSETS
Debtors 54,308 67,627
Cash at bank and in hand 24,761 5,767
79,069 73,394
CREDITORS
Amounts falling due within one year 24,722 15,148
NET CURRENT ASSETS 54,347 58,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,142

58,742

CREDITORS
Amounts falling due after more than one
year

7,000

10,500
NET ASSETS 50,142 48,242

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,141 48,241
SHAREHOLDERS' FUNDS 50,142 48,242

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 director acknowledges his 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.

Mindcom Media Limited (Registered number: 07097944)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 November 2024 and were signed by:





T O'Shea - Director


Mindcom Media Limited (Registered number: 07097944)

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


1. STATUTORY INFORMATION

Mindcom Media Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 etc - 33% on cost, 20% on cost and 20% 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.

3. EMPLOYEES AND DIRECTORS

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

Mindcom Media Limited (Registered number: 07097944)

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


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 2,398
Additions 3,723
At 31 December 2023 6,121
AMORTISATION
At 1 January 2023 2,398
Amortisation for year 1,241
At 31 December 2023 3,639
NET BOOK VALUE

At 31 December 2023 2,482
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 3,848
Additions 100
At 31 December 2023 3,948
DEPRECIATION
At 1 January 2023 3,352
Charge for year 283
At 31 December 2023 3,635
NET BOOK VALUE
At 31 December 2023 313
At 31 December 2022 496

Mindcom Media Limited (Registered number: 07097944)

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


6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
T O'Shea
Balance outstanding at start of year 3,613 -
Amounts advanced - 3,613
Amounts repaid (3,613 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,613

The loan to the director in the previous year was unsecured, interest free and repaid on 29 September 2023.