Company registration number: 12993095
Unaudited financial statements
for the period ended 30 November 2024
for
Mediasense Ltd
Pages for filing with the Registrar
Company registration number: 12993095
Mediasense Ltd
Balance sheet
as at 30 November 2024
Note £ £
Fixed assets
Intangible assets 4 52,500
52,500
Current assets
Stocks 79,540
Debtors 81,278
Cash at bank and in hand 24,155
184,973
Creditors: amounts falling due within one
year
(113,041)
Net current assets 71,932
Total assets less current liabilities 124,432
Creditors: Amounts falling due after more
than one year
(76,369)
NET ASSETS 48,063
Capital and reserves
Called up share capital 1
Profit and loss account 48,062
TOTAL EQUITY 48,063
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 30 November 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 12993095
Mediasense Ltd
Balance sheet - continued
as at 30 November 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Usman, Director
1 December 2024
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Mediasense Ltd
Notes to the financial statements
for the period ended 30 November 2024
1 Company information
Mediasense Ltd is a private company registered in England and Wales. Its registered number is 12993095. The company is limited by shares. Its registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 10% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. 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.
3 Average number of employees
During the period the average number of employees was 7.
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Mediasense Ltd
Notes to the financial statements - continued
for the period ended 30 November 2024
4 Intangible assets
Other
intangible
assets
£
Cost
At 30 November 2024 75,000
Amortisation
At 30 November 2024 22,500
Net book value
At 30 November 2024 52,500
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