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REGISTERED NUMBER: 04737062 (England and Wales)















Media Sales UK Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Media Sales UK Limited (Registered number: 04737062)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Media Sales UK Limited

Company Information
for the Year Ended 31 May 2024







Directors: Ronald Frederick Wilson
Andrew Neil McCreary





Secretary: Ronald Frederick Wilson





Registered office: Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY





Registered number: 04737062 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Media Sales UK Limited (Registered number: 04737062)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 40,000 40,000
Tangible assets 5 - 23
40,000 40,023

Current assets
Stocks 46,919 49,410
Debtors 6 78,673 94,186
Cash at bank 81,488 87,036
207,080 230,632
Creditors
Amounts falling due within one year 7 164,449 154,401
Net current assets 42,631 76,231
Total assets less current liabilities 82,631 116,254

Capital and reserves
Called up share capital 8 100 100
Retained earnings 82,531 116,154
Shareholders' funds 82,631 116,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Media Sales UK Limited (Registered number: 04737062)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Ronald Frederick Wilson - Director


Media Sales UK Limited (Registered number: 04737062)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

Media Sales UK 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.

Turnover
Turnover is measured at the fair value of consideration receivable for film and media services rendered, net of Value Added Tax.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. The accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £4,000 and the profit for the year adjusted accordingly.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Media Sales UK Limited (Registered number: 04737062)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. Accounting policies - continued

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 3 (2023 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 40,000
Net book value
At 31 May 2024 40,000
At 31 May 2023 40,000

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 2,723 2,200 4,923
Depreciation
At 1 June 2023 2,700 2,200 4,900
Charge for year 23 - 23
At 31 May 2024 2,723 2,200 4,923
Net book value
At 31 May 2024 - - -
At 31 May 2023 23 - 23

Media Sales UK Limited (Registered number: 04737062)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 22,639 29,327
Other debtors 56,034 64,859
78,673 94,186

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 24,856 15,797
Taxation and social security 6,229 4,173
Other creditors 133,364 134,431
164,449 154,401

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100