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REGISTERED NUMBER: 07788299 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Meehan Media & Comms Limited

Meehan Media & Comms Limited (Registered number: 07788299)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meehan Media & Comms Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J Meehan





REGISTERED OFFICE: Office 1.07
Centre For Digital Innovation @Thedock
31-38 Queen Street
Hull
East Yorkshire
HU1 1UU





REGISTERED NUMBER: 07788299 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Meehan Media & Comms Limited (Registered number: 07788299)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,190 1,984

CURRENT ASSETS
Stocks 29,330 45,755
Debtors 5 113,173 103,591
Cash at bank 134,414 103,671
276,917 253,017
CREDITORS
Amounts falling due within one year 6 103,381 108,380
NET CURRENT ASSETS 173,536 144,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,726

146,621

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 177,725 146,620
SHAREHOLDERS' FUNDS 177,726 146,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Meehan Media & Comms Limited (Registered number: 07788299)

Balance Sheet - continued
30 September 2024


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 27 January 2025 and were signed by:





J Meehan - Director


Meehan Media & Comms Limited (Registered number: 07788299)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Meehan Media & Comms 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 15% Reducing Balance
Computer Equipment - 33% Cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.


Meehan Media & Comms Limited (Registered number: 07788299)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 3,720 6,903 10,623
Additions 483 3,530 4,013
At 30 September 2024 4,203 10,433 14,636
DEPRECIATION
At 1 October 2023 2,041 6,598 8,639
Charge for year 326 1,481 1,807
At 30 September 2024 2,367 8,079 10,446
NET BOOK VALUE
At 30 September 2024 1,836 2,354 4,190
At 30 September 2023 1,679 305 1,984

Meehan Media & Comms Limited (Registered number: 07788299)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 111,786 102,090
Other debtors 924 924
Prepayments and accrued income 463 577
113,173 103,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 39,420 42,939
VAT 42,718 40,595
Other creditors 1,940 1,507
Directors' current accounts 1,415 2,126
Accrued expenses 17,888 21,213
103,381 108,380

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Meehan.