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REGISTERED NUMBER: 11543533 (England and Wales)















MIDLANDS MEDIA LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






MIDLANDS MEDIA LIMITED (REGISTERED NUMBER: 11543533)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIDLANDS MEDIA LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J T Amos
Mr M P Jones





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 11543533 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MIDLANDS MEDIA LIMITED (REGISTERED NUMBER: 11543533)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 720 499
Cash at bank and in hand 20,511 32,387
21,231 32,886
CREDITORS
Amounts falling due within one year 5 18,122 18,122
NET CURRENT ASSETS 3,109 14,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,109

14,764

CREDITORS
Amounts falling due after more than one
year

6

7,688

17,686
NET LIABILITIES (4,579 ) (2,922 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (4,580 ) (2,923 )
(4,579 ) (2,922 )

MIDLANDS MEDIA LIMITED (REGISTERED NUMBER: 11543533)

Balance Sheet - continued
31 August 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr M P Jones - Director


MIDLANDS MEDIA LIMITED (REGISTERED NUMBER: 11543533)

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

1. STATUTORY INFORMATION

Midlands Media 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 (£).


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.

Going concern
At the year end the company shows an insolvent balance sheet. The company meets it day to day working capital requirements through the support of its director who has undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the director considers it appropriate to prepare these accounts on a going concern basis.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 720 499

MIDLANDS MEDIA LIMITED (REGISTERED NUMBER: 11543533)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 9,823 9,823
Other creditors 8,299 8,299
18,122 18,122

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 7,688 17,686

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,823 9,823

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,688 10,071

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,615

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J T Amos.