REGISTERED NUMBER: 04748440 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Memory Lane Media Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr A P Humphries

SECRETARY:

Mr A P Humphries

REGISTERED OFFICE:

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

REGISTERED NUMBER:

04748440 (England and Wales)

ACCOUNTANTS:

Havard & Associates

Suite 1

Concept House

23 Billet Lane

Hornchurch

Essex

RM11 1XP

FIXED ASSETS

Tangible assets

4

2,021

1,985

CURRENT ASSETS

Stocks

97,747

90,301

Debtors

5

129,454

106,216

Cash at bank

96

288

227,297

196,805

CREDITORS

Amounts falling due within one year

6

187,206

197,439

NET CURRENT ASSETS/(LIABILITIES)

40,091

(634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,112

1,351

CREDITORS

Amounts falling due after more than one year

7

(56,929

)

(58,868

)

PROVISIONS FOR LIABILITIES

(384

)

(377

)

NET LIABILITIES

(15,201

)

(57,894

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(15,301

)

(57,994

)

SHAREHOLDERS' FUNDS

(15,201

)

(57,894

)

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Mr A P Humphries - Director

1.	STATUTORY INFORMATION

Memory Lane Media Ltd 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.

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

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

-

33% on cost, 20% on reducing balance 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 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 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

30,617

Additions

996

At 30 September 2024

31,613

DEPRECIATION

At 1 October 2023

28,632

Charge for year

960

At 30 September 2024

29,592

NET BOOK VALUE

At 30 September 2024

2,021

At 30 September 2023

1,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

3,964

9,653

Other debtors

125,490

96,563

129,454

106,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

12,180

12,035

Trade creditors

58,926

89,059

Taxation and social security

43,516

32,461

Other creditors

72,584

63,884

187,206

197,439

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

56,929

58,868

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

Mr A P Humphries

Balance outstanding at start of year

77,180

73,811

Amounts advanced

18,320

28,885

Amounts repaid

-

(25,516

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,500

77,180

Included in the above is a S455 loan outstanding of £77,180 and S455 tax has been accounted for.

The loans are unsecured and interest has been charged on the above loans at 2.5% per annum pro rata.