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COMPANY REGISTRATION NUMBER: 10938244
The Media Influencer Limited
Filleted Unaudited Accounts
31 January 2024
The Media Influencer Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
295
295
Current assets
Debtors
6
100
100
Cash at bank and in hand
48,060
48,060
--------
--------
48,160
48,160
Creditors: amounts falling due within one year
7
( 57,396)
( 57,396)
--------
--------
Net current liabilities
( 9,236)
( 9,236)
-------
-------
Total assets less current liabilities
( 8,941)
( 8,941)
-------
-------
Net liabilities
( 8,941)
( 8,941)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 9,041)
( 9,041)
-------
-------
Shareholders deficit
( 8,941)
( 8,941)
-------
-------
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 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 income and retained earnings 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
The Media Influencer Limited
Statement of Financial Position (continued)
31 January 2024
These accounts were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
M N Poulton
Director
Company registration number: 10938244
The Media Influencer Limited
Notes to the Accounts
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 10 Orange Street, London, WC2H 7DQ, United Kingdom.
2. Statement of compliance
These accounts 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has recorded no profit or loss for the year (2023: £232,725 profit) and has net liabilities at the period end of £8,941 (2023: £8,941). The director considers the company to be a going concern on the basis that forecasts show projected future profits to be realised, and shareholders will continue to support the company for a period of not less than 12 months from the approval of the accounts.
Tangible assets
All fixed assets are initially recorded at cost.
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:
Computer equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Computer Equipment
£
Cost
At 1 February 2023 and 31 January 2024
1,353
-------
Depreciation
At 1 February 2023 and 31 January 2024
1,058
-------
Carrying amount
At 31 January 2024
295
-------
At 31 January 2023
295
-------
6. Debtors
2024
2023
£
£
Other debtors
100
100
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
37,036
37,036
Other creditors
5,360
5,360
Other creditors
15,000
15,000
--------
--------
57,396
57,396
--------
--------
8. Controlling party
Throughout the current period, the company was under the control of M N Poulton , the shareholder of the company.