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Registered Number: 07429747
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2024

for

MEDIA15 LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 3,404   
3,404   
Current assets      
Debtors: amounts falling due within one year 1,346,684    1,673,232 
Cash at bank and in hand (71,277)   486,054 
1,275,407    2,159,286 
Creditors: amount falling due within one year (1,430,046)   (1,804,388)
Net current assets (154,639)   354,898 
 
Total assets less current liabilities (151,235)   354,898 
Creditors: amount falling due after more than one year (320,833)   (420,833)
Net assets (472,068)   (65,935)
 

Capital and reserves
     
Called up share capital 5 1,000    1,000 
Share premium account 4,975    4,975 
Profit and loss account (478,043)   (71,910)
Shareholders' funds (472,068)   (65,935)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 March 2025 and were signed by:


-------------------------------
Dominic Matterson
Director
1
General Information
Media15 Limited is a private company, limited by shares, registered in England and Wales, registration number 07429747, registration address 25 East St Helen Street, Abingdon, Oxford, Oxfordshire, OX14 5EE.


1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with Section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling which is the functional currency of the company. 
Turnover
Turnover comprises the invoiced value of media buying services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. 

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 434,749    430,805 
Social security costs 46,487    50,424 
Pension costs, defined contribution plan 9,947    12,413 
Other staff costs 6,725   
497,908    493,642 
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

3.

Average number of employees

Average number of employees during the year was 10 (2023 : 11).
4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2024    
Additions 2,458    2,081    4,539 
Disposals    
At 31 December 2024 2,458    2,081    4,539 
Depreciation
At 01 January 2024    
Charge for year 615    520    1,135 
On disposals    
At 31 December 2024 615    520    1,135 
Net book values
Closing balance as at 31 December 2024 1,843    1,561    3,404 
Opening balance as at 01 January 2024    


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

6.

Advances and Credits



Dominic Matterson
Loan

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Dominic Matterson81,798 458 82,256 
81798458000822560
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Dominic Matterson38,052 43,746 81,798 
3805243746000081798
2