2023-04-192024-04-302024-04-30false14815938MEDUSA VIDEO 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MEDUSA VIDEO LTD

Registered Number
14815938
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2024

MEDUSA VIDEO LTD
Company Information
for the period from 19 April 2023 to 30 April 2024

Director

Deri Watt

Registered Address

54 Lye Green Road
Chesham
HP5 3LS

Registered Number

14815938 (England and Wales)
MEDUSA VIDEO LTD
Balance Sheet as at
30 April 2024

Notes

2024

£

£

Fixed assets
Tangible assets33,257
3,257
Current assets
Debtors412,753
Cash at bank and on hand14,853
27,606
Creditors amounts falling due within one year5(16,582)
Net current assets (liabilities)11,024
Total assets less current liabilities14,281
Net assets14,281
Capital and reserves
Called up share capital1
Profit and loss account14,280
Shareholders' funds14,281
The financial statements were approved and authorised for issue by the Director on 2 September 2024, and are signed on its behalf by:
Deri Watt
Director
Registered Company No. 14815938
MEDUSA VIDEO LTD
Notes to the Financial Statements
for the period ended 30 April 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet 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 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:

Straight line (years)
Office Equipment3
Trade and other debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost 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.
Trade and other 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 recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions4,160
At 30 April 244,160
Depreciation and impairment
Charge for year903
At 30 April 24903
Net book value
At 30 April 243,257
At 18 April 23-
4.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables5,700
Other debtors53
Prepayments and accrued income7,000
Total12,753
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables311
Taxation and social security4,403
Other creditors11,868
Total16,582
6.Share capital
The company has issued share capital of 1 ordinary share of £1. The share was issued in this period on formation of the company.