IRIS Accounts Production v24.3.2.46 04318811 director 1.4.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043188112023-03-31043188112024-06-30043188112023-04-012024-06-30043188112022-03-31043188112022-04-012023-03-31043188112023-03-3104318811ns15:EnglandWales2023-04-012024-06-3004318811ns14:PoundSterling2023-04-012024-06-3004318811ns10:Director12023-04-012024-06-3004318811ns10:PrivateLimitedCompanyLtd2023-04-012024-06-3004318811ns10:SmallEntities2023-04-012024-06-3004318811ns10:AuditExempt-NoAccountantsReport2023-04-012024-06-3004318811ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-06-3004318811ns10:SmallCompaniesRegimeForAccounts2023-04-012024-06-3004318811ns10:FullAccounts2023-04-012024-06-3004318811ns10:CompanySecretary12023-04-012024-06-3004318811ns10:RegisteredOffice2023-04-012024-06-3004318811ns5:CurrentFinancialInstruments2024-06-3004318811ns5:CurrentFinancialInstruments2023-03-3104318811ns5:Non-currentFinancialInstruments2024-06-3004318811ns5:Non-currentFinancialInstruments2023-03-3104318811ns5:ShareCapital2024-06-3004318811ns5:ShareCapital2023-03-3104318811ns5:RetainedEarningsAccumulatedLosses2024-06-3004318811ns5:RetainedEarningsAccumulatedLosses2023-03-3104318811ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-06-3004318811ns5:FurnitureFittings2023-04-012024-06-3004318811ns5:ComputerEquipment2023-04-012024-06-3004318811ns5:LandBuildings2023-03-3104318811ns5:PlantMachinery2023-03-3104318811ns5:LandBuildings2023-04-012024-06-3004318811ns5:PlantMachinery2023-04-012024-06-3004318811ns5:LandBuildings2024-06-3004318811ns5:PlantMachinery2024-06-3004318811ns5:LandBuildings2023-03-3104318811ns5:PlantMachinery2023-03-3104318811ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004318811ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104318811ns5:Secured2024-06-3004318811ns5:Secured2023-03-31
REGISTERED NUMBER: 04318811 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024

FOR

MEDIA LEASE LIMITED

MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEDIA LEASE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024







DIRECTOR: P B Robson





SECRETARY: J Robson





REGISTERED OFFICE: Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH





REGISTERED NUMBER: 04318811 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,565 44,101

CURRENT ASSETS
Debtors 5 423,491 598,666
Cash at bank and in hand 74,951 84,961
498,442 683,627
CREDITORS
Amounts falling due within one year 6 257,511 366,007
NET CURRENT ASSETS 240,931 317,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,496

361,721

CREDITORS
Amounts falling due after more than one
year

7

(105,720

)

(87,365

)

PROVISIONS FOR LIABILITIES (4,818 ) (1,277 )
NET ASSETS 150,958 273,079

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 150,956 273,077
150,958 273,079

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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.

MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 19th March 2025 and were signed by:





P B Robson - Director


MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024


1. STATUTORY INFORMATION

Media Lease 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company has extended its accounting period, therefore some comparatives are not entirely comparable.

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 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.
Short leasehold - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 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 period 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 period was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 73,435 27,316 100,751
Additions 1,500 12,303 13,803
Disposals (2,735 ) (2,338 ) (5,073 )
At 30th June 2024 72,200 37,281 109,481
DEPRECIATION
At 1st April 2023 39,627 17,023 56,650
Charge for period 24,686 11,544 36,230
Eliminated on disposal (2,735 ) (1,229 ) (3,964 )
At 30th June 2024 61,578 27,338 88,916
NET BOOK VALUE
At 30th June 2024 10,622 9,943 20,565
At 31st March 2023 33,808 10,293 44,101

MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 53,080 85,780
Amounts receivable in respect of finance
leases

172,811

246,721
Amounts receivable in respect of hire
purchase contracts

26,978

32,375
Other debtors 29,509 -
282,378 364,876

Amounts falling due after more than one year:
Amounts receivable in respect of finance
leases

134,213

193,472
Amounts receivable in respect of hire
purchase contracts

6,900

40,318
141,113 233,790

Aggregate amounts 423,491 598,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,361 40,681
Taxation and social security 73,867 34,976
Other creditors 172,283 290,350
257,511 366,007

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 105,720 87,365

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 268,778 366,922

The block discounting are secured against all assets of the company by way of a fixed and floating charge.

MEDIA LEASE LIMITED (REGISTERED NUMBER: 04318811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 30TH JUNE 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £29,509 by P B Robson. There were no set terms for
repayment and no interest was charged. The loan was repaid in March 2025.