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Company Registration No. 08458248 (England and Wales)
The Media Pioneers Ltd Unaudited accounts for the year ended 31 March 2024
The Media Pioneers Ltd Unaudited accounts Contents
Page
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The Media Pioneers Ltd Company Information for the year ended 31 March 2024
Director
Ming Xing
Company Number
08458248 (England and Wales)
Registered Office
Kemp House 152 - 160 City Road London EC1V 2NX
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
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The Media Pioneers Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,782 
4,277 
Current assets
Debtors
740 
1,058 
Cash at bank and in hand
39,767 
65,767 
40,507 
66,825 
Creditors: amounts falling due within one year
(3,773)
(5,631)
Net current assets
36,734 
61,194 
Total assets less current liabilities
50,516 
65,471 
Creditors: amounts falling due after more than one year
(163,343)
(172,829)
Net liabilities
(112,827)
(107,358)
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
(162,827)
(157,358)
Shareholders' funds
(112,827)
(107,358)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2024 and were signed on its behalf by
Ming Xing Director Company Registration No. 08458248
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The Media Pioneers Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Media Pioneers Ltd is a private company, limited by shares, registered in England and Wales, registration number 08458248. The registered office is Kemp House , 152 - 160 City Road, London , EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Current and Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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The Media Pioneers Ltd Notes to the Accounts for the year ended 31 March 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements and, therefore, he continue to adopt the going concern basis in preparing the annual financial statements.
Other operating expenses
Other operating expenses of £22,556 was the repayment of taxable government grant received during the COVID period.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
14,948 
Additions
14,162 
At 31 March 2024
29,110 
Depreciation
At 1 April 2023
10,671 
Charge for the year
4,657 
At 31 March 2024
15,328 
Net book value
At 31 March 2024
13,782 
At 31 March 2023
4,277 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
740 
1,058 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,500 
1,500 
Taxes and social security
2,273 
4,131 
3,773 
5,631 
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The Media Pioneers Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,785 
30,271 
Other creditors
50,000 
50,000 
Loans from directors
92,558 
92,558 
163,343 
172,829 
8
Average number of employees
During the year the average number of employees was 1 (2023: 4).
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