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REGISTERED NUMBER: SC260763 (Scotland)















Unaudited Financial Statements

for the Period 1 January 2024 to 30 September 2024

for

Mediascape Ltd.

Mediascape Ltd. (Registered number: SC260763)






Contents of the Financial Statements
for the Period 1 January 2024 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Mediascape Ltd.

Company Information
for the Period 1 January 2024 to 30 September 2024







DIRECTORS: N MacDonald
C Douglas
P Thompson





REGISTERED OFFICE: E1, E2, E3 100 Borron Street
Port Dundas Business Park
Glasgow
G4 9XG





REGISTERED NUMBER: SC260763 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Mediascape Ltd. (Registered number: SC260763)

Statement of Financial Position
30 September 2024

30.9.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,396 22,785

CURRENT ASSETS
Stocks 66,761 126,073
Debtors 5 731,018 708,187
Cash at bank 613,910 450,264
1,411,689 1,284,524
CREDITORS
Amounts falling due within one year 6 762,379 648,696
NET CURRENT ASSETS 649,310 635,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,706

658,613

CREDITORS
Amounts falling due after more than one
year

7

(50,575

)

(88,074

)

PROVISIONS FOR LIABILITIES (4,849 ) (4,329 )
NET ASSETS 613,282 566,210

CAPITAL AND RESERVES
Called up share capital 6 6
Capital redemption reserve 4 4
Retained earnings 613,272 566,200
613,282 566,210

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

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

Mediascape Ltd. (Registered number: SC260763)

Statement of Financial Position - continued
30 September 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 31 March 2025 and were signed on its behalf by:




N MacDonald - Director



C Douglas - Director


Mediascape Ltd. (Registered number: SC260763)

Notes to the Financial Statements
for the Period 1 January 2024 to 30 September 2024

1. STATUTORY INFORMATION

Mediascape Ltd. is a private company, limited by shares , registered in Scotland. 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.

We confirm that in accordance with the Financial Reporting Council’s recommendations that we have carried out a rigorous assessment of the company's financial position and have reached a view after that assessment that the company is entitled to be considered a going concern and that the accounts for 2011 properly reflect that status as a basis for preparation of the accounts.

In completing our assessment, we have considered a period of time which is greater than 1 year from the date of signing these accounts.

Based upon that assessment, we consider that the disclosure in the accounts is balanced, proportionate and clear and reflects the facts, as established during the assessment, of the next twelve months.

Turnover
Turnover is the amount derived from ordinary activities, and stated after sales discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 15% on cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Mediascape Ltd. (Registered number: SC260763)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 30 September 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 statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 30 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 112,020
Additions 5,714
At 30 September 2024 117,734
DEPRECIATION
At 1 January 2024 89,235
Charge for period 9,103
At 30 September 2024 98,338
NET BOOK VALUE
At 30 September 2024 19,396
At 31 December 2023 22,785

Mediascape Ltd. (Registered number: SC260763)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.12.23
£    £   
Trade debtors 621,123 627,032
Other debtors 109,895 81,155
731,018 708,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.12.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 295,854 241,391
Taxation and social security 223,373 200,868
Other creditors 193,152 156,437
762,379 648,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 31.12.23
£    £   
Bank loans 50,575 88,074

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 31.12.23
£    £   
Bank loans 100,575 138,074

A bond and floating charge has been granted over the undertaking and all property and assets present and future of the company including uncalled capital in favour of Royal Bank of Scotland plc. This was agreed at a meeting of the directors on 10th July 2007.

Unless otherwise agreed in writing by the Bank, the Floating Charge shall, subject to Section 464(2) of the Companies Act 1985, rank in priority to any fixed security and any other floating charge which shall be created by the Company after its execution of the signed Floating Charge document.


A floating charge has been granted over the property and undertaking of the company in favour of RBS Invoice Finance Ltd and agreed at a meeting of the directors on 21st August 2015.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mediascape Employees Trustees Ltd.

Mediascape Ltd.

Report of the Accountants to the Directors of
Mediascape Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the period ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


31 March 2025