IRIS Accounts Production v25.1.4.42 03524325 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035243252023-09-30035243252024-09-30035243252023-10-012024-09-30035243252022-09-30035243252022-10-012023-09-30035243252023-09-3003524325ns15:EnglandWales2023-10-012024-09-3003524325ns14:PoundSterling2023-10-012024-09-3003524325ns10:Director12023-10-012024-09-3003524325ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003524325ns10:SmallEntities2023-10-012024-09-3003524325ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3003524325ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003524325ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003524325ns10:FullAccounts2023-10-012024-09-300352432512023-10-012024-09-3003524325ns10:Director22023-10-012024-09-3003524325ns10:Director32023-10-012024-09-3003524325ns10:RegisteredOffice2023-10-012024-09-3003524325ns5:CurrentFinancialInstruments2024-09-3003524325ns5:CurrentFinancialInstruments2023-09-3003524325ns5:ShareCapital2024-09-3003524325ns5:ShareCapital2023-09-3003524325ns5:RetainedEarningsAccumulatedLosses2024-09-3003524325ns5:RetainedEarningsAccumulatedLosses2023-09-3003524325ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3003524325ns5:PatentsTrademarksLicencesConcessionsSimilar2023-10-012024-09-3003524325ns5:IntangibleAssetsOtherThanGoodwill2023-09-3003524325ns5:IntangibleAssetsOtherThanGoodwill2024-09-3003524325ns5:IntangibleAssetsOtherThanGoodwill2023-09-3003524325ns5:LandBuildings2023-09-3003524325ns5:PlantMachinery2023-09-3003524325ns5:LandBuildings2023-10-012024-09-3003524325ns5:PlantMachinery2023-10-012024-09-3003524325ns5:LandBuildings2024-09-3003524325ns5:PlantMachinery2024-09-3003524325ns5:LandBuildings2023-09-3003524325ns5:PlantMachinery2023-09-3003524325ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3003524325ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 03524325 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MEDIA & COMMUNICATIONS LIMITED

MEDIA & COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03524325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEDIA & COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: L J Littlewood
J S Littlewood
J A Littlewood





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 03524325 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

MEDIA & COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03524325)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,089 2,082
Tangible assets 5 104,755 137,010
108,844 139,092

CURRENT ASSETS
Stocks 1,876,292 1,021,797
Debtors 6 853,850 1,000,769
Cash at bank and in hand 626,140 1,512,093
3,356,282 3,534,659
CREDITORS
Amounts falling due within one year 7 2,647,388 2,757,865
NET CURRENT ASSETS 708,894 776,794
TOTAL ASSETS LESS CURRENT LIABILITIES 817,738 915,886

PROVISIONS FOR LIABILITIES 21,000 30,000
NET ASSETS 796,738 885,886

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 796,633 885,781
796,738 885,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 13 June 2025 and were signed on its behalf by:





L J Littlewood - Director


MEDIA & COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03524325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Media & Communications 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.

Turnover
Turnover represents net invoiced sales of goods and services supplied, excluding value added tax.

Turnover is generated through the wholesale of telecommunications equipment and is recognised at the point of sale.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - over the term of the lease - 15 years from 2011
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Stocks
Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

The average number of employees during the year was 36 (2023 - 32 ) .

MEDIA & COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03524325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 2,082
Additions 2,215
At 30 September 2024 4,297
AMORTISATION
Charge for year 208
At 30 September 2024 208
NET BOOK VALUE
At 30 September 2024 4,089
At 30 September 2023 2,082

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 129,604 297,641 427,245
Additions 28,614 13,244 41,858
Disposals - (44,966 ) (44,966 )
At 30 September 2024 158,218 265,919 424,137
DEPRECIATION
At 1 October 2023 95,036 195,199 290,235
Charge for year 31,490 18,880 50,370
Eliminated on disposal - (21,223 ) (21,223 )
At 30 September 2024 126,526 192,856 319,382
NET BOOK VALUE
At 30 September 2024 31,692 73,063 104,755
At 30 September 2023 34,568 102,442 137,010

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 750,354 852,844
Amounts owed by group undertakings 67,970 63,833
Other debtors 35,526 84,092
853,850 1,000,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,082,915 652,862
Amounts owed to group undertakings 1,027,796 1,608,783
Taxation and social security 418,956 445,867
Other creditors 117,721 50,353
2,647,388 2,757,865

8. LEASING AGREEMENTS
The company had future minimum lease payments under non-cancellable operating leases totalling £180,000 (2023: £225,000).