MASTERMEDIA UK LIMITED

Registered number

05988167

Financial Statements

31 December 2024

PAGES FOR FILING WITH REGISTRAR

MASTERMEDIA UK LIMITED

Report and accounts

Contents

Company Information

Directors

Mr Grzegorz Mariusz Cioczek

Mr Pawel Zbigniew Wojciak

Auditors

ACN Accountants

41 Orsett Road

Grays

Essex

RM17 5DS

Registered office

Unit 6, Tinsley Industrial Estate

Shepcote Way

Sheffield

S9 1TH

Registered number

05988167

MASTERMEDIA UK LIMITED
Registered number:		05988167
Directors' Report

The directors present their report and financial statements for the year ended 31 December 2024.

Principal activities
The company's principal activity during the year continued to be wholesaller of food, beverages and tobacco.

Financial Results and Review
The Company has reported a profit of £142,051 for the year ended December 2024 (2023: £123,838), reflecting an improvement in operational performance. While market penetration in the UK remains challenging, the Company continues to actively explore and pursue business opportunities in this region.

Dividends
No interim or final dividend was paid during the year.

Events since the balance sheet date
There have not been any significant events since the balance sheet date.

Directors
The following persons served as directors during the year:

	Mr Grzegorz Mariusz Cioczek
	Mr Pawel Zbigniew Wojciak

Directors' responsibilities

The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.




Disclosure of information to auditors

Each person who was a director at the time this report was approved confirms that:
●	So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and they have taken all the steps that they ought to have taken as directors in order to make themself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Third party indemnity provisions
Mastermedia UK Limited maintains liability insurance for its directors. The Company has also granted indemnities to the extent permitted by law to each of the directors. These indemnities are uncapped in amount in relation to certain losses and liabilities which they may incur to third parties in the course of acting as a director of the Company. Neither the indemnity, nor insurance cover provides cover in the event a director is proved to have acted fraudulently or dishonestly. The indemnity is categorised as a ‘qualifying third-party indemnity’ for the purposes of the Companies Act 2006 and will continue in force for the benefit of directors on an ongoing basis.

Auditors
The auditors, ACN Accountants , will be proposed for re-appointment at the forthcoming Annual General Meeting.


This report was approved by the board on 24 September 2025 and signed on its behalf.



Mr Pawel Zbigniew Wojciak
Director

MASTERMEDIA UK LIMITED
Strategic Report

The directors present their strategic report for the year ended 31 December 2024.

Review of the Business
Turnover in the year under review was £146,666,578 compared with £151,663,229 in the previous year. This decline is primarily attributable to challenging market conditions and intensified competition.
The Company reported a profit of £142,051 for the year ended December 2024, up from £123,838 in 2023. This growth reflects enhanced operational efficiency driven by effective cost management and optimised resource utilisation. The results underscore the positive impact of strategic initiatives implemented during the period.

Employees
It is the policy of the Company’s to encourage and develop all members of staff to realise their maximum potential. Wherever possible, vacancies are filled from within the Company and adequate opportunities for internal promotion are created. The Board is committed to a systematic training policy and has a comprehensive training and development potential to a maximum level of attainment. In this way, staff will make their best possible contribution to the organisation’s success. The Company supports the principle of equal opportunities in employment and opposes all forms of unlawful or unfair discrimination on the grounds of race, age, nationality, religion, ethnic or national origin, sexual orientation, gender or gender reassignment, marital status or disability. It is also the policy of the Company, where possible, to give sympathetic consideration to disabled persons in their application for employment with the Company and to protect the interests of existing members of the staff who are disabled.
The company has made the necessary provision for allowing employees to work remotely and be connected to the company intranet.
Use of estimates and judgements
The preparation of financial statements in accordance with the Companies Act 2006 and FRS102 requires from Management the exercise of judgement, to make estimates and assumptions that influence the application of accounting principles and the related amount of assets and liabilities income and expenses. The estimates and underlying assumptions are based on historical experience and various other factors that are deemed to be reasonable based on knowledge available at the time. Actual results may deviate from such estimates.
The estimates and underlying assumptions are revised on a continuous basis. Revisions in accounting estimates are recognised in the period during with the estimate is revised, if the estimate affects only that period, or in the period of the revision and future periods. If the revision affects the present as well as future periods.
Functional and presentation currency
The financial statements are presented in the Great British Pound (GBP/£) which is the functional and presentation currency of the Company.

Significant Accounting Policies
The following accounting policies have been applied consistently for all the years presented in these financial statements and in stating the financial position of the Company.
Finance income
Finance income includes loan interest income which is recognised based on an accrual basis and foreign exchange differences.

Finance expenses
Interest expense and other borrowing costs are recognised to profit or loss using the effective interest method.

MASTERMEDIA UK LIMITED
Strategic Report


Foreign currency translation

(i)Functional and presentation currency
Items included in the Company’s financial statements are measured using the currency of the primary economic in which the entity operates (‘the functional currency’). The financial statements are presented in Great Britain Pounds (GBP/£), which is the Company’s functional and presentation currency.


(ii)Transactions and balances
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.


Environmental policy
The Board acknowledges that environmental protection is one of the company’s business responsibilities. It aims for a continuous improvement in the company’s environmental performance and to comply with all relevant regulations.


Also the Board does not consider that this line of business has a large adverse impact upon the environment. As a result the company does not manage its business by reference to any environmental key performance indicators. The company seeks to maintain a high proportion of its records electronically and of the paper it does use, over 80% of its paper consumption is recycled through the use of recycling bags.


Principal risks and uncertainties
a) Financial risk management objectives and policies of the company including the policy for hedging each major type of forecasted transaction for which hedge accounting is used; and


b) The exposure of the company to price risk, credit risk, liquidity risk and cash flow risk; unless such information is not material for the assessment of the assets, liabilities, financial position and profit or loss of the company.


Financial risk factors
The Company is exposed to the following risks from its use of financial instruments:
“ Credit risk
“ Liquidity risk
“ Market risk

The Board of Directors has overall responsibility for the establishment and oversight of the Company’s risk management framework.


The Company’s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities.


(i) Credit risk
Credit risk arises when a failure by counter parties to discharge their obligations could reduce the amount of future cash inflows from financial assets on hand at the reporting date. The Company tries to sell on so-called “Cash against documents” terms, but in case of a delay in payment, a Buyer’s credit risk is always insured.


MASTERMEDIA UK LIMITED
Strategic Report

(ii) Liquidity risk
Liquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position potentially enhances profitability, but can also increase the risk of losses. The Company has procedures with the object of minimising such losses as maintaining sufficient cash and other highly liquid current assets and by having available an adequate amount of committed credit facilities.


(iii) Market risk
Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Company’s income or the value of its holdings of financial instruments.

Interest rate risk
Interest rate risk is the risk that the value of financial instruments will fluctuate due to changes in market interest rates.

Borrowings issues at variable rates expose the Company to cash flow interest rate risk. The Company’s management monitors the interest rate fluctuations on a continuous basis and acts accordingly.

Sensitivity analysis
Any increase/(decrease) in interest rates will have a small effect on results and equity of the Company, because, all financial instruments are fixed rate or pegged to LIBOR/EURIBOR with fixed margin. Strengthening or weakening against the relevant currency, there would be an equal and opposite impact on the profit/loss and other equity. This analysis assumes that all other variables, in particular interest rates, remain constant.

Currency risk
Currency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates and liabilities are denominated in a currency that is not the Company’s functional currency. The Company is exposed to foreign exchange risk arising from various currency exposures primarily with respect to the American Dollar, the Euro and Singapore dollar.The Company’s management monitors the exchange rate fluctuations on a continuous basis and acts accordingly.


Financial instrument risk

The company does not use derivatives, such as futures, options, or swaps, whose value is derived from an underlying asset, index, or rate.This indicate that the company's financial operations are not reliant on hedging risks, speculating on price movements,or taking advantage of arbitrage opportunities using derivative contracts.


This report was approved by the board on 24 September 2025 and signed on its behalf.



Mr Pawel Zbigniew Wojciak
Director

MASTERMEDIA UK LIMITED
Independent auditor's report
to the members of MASTERMEDIA UK LIMITED

Opinion

We have audited the financial statements of MASTERMEDIA UK LIMITED (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We obtained an understanding of the company and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, industry research and application of cumulative audit knowledge. We determined the principal laws and regulations relevant to the company in this regard to be those arising from the Companies Act 2006 and the Financial Reporting Standards (FRS102).
We designed our audit procedures to ensure the audit team considered whether there are any indications of non-compliance by the company with those laws and regulations. These procedures included, but were not limited to enquiries of management and review of minutes.
We also identified the risks of material misstatements of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of controls, that potential for management bias, none of these were identified during our audit work. We have addressed this by examining and reviewing post year end sales and post year end cash book transactions and discussions made with the management.
As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited to: the testing of journals,; reviewing accounting estimates for evidence of bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anwar Faruque Chowdhury
(Senior Statutory Auditor)		41 Orsett Road
for and on behalf of		Grays
ACN Accountants		Essex
Statutory Auditor		RM17 5DS
24 September 2025

MASTERMEDIA UK LIMITED
Income Statement
for the year ended 31 December 2024


Notes		2024		2023
£			£

Turnover	3	146,666,578		151,663,229

Cost of sales		(136,336,163)		(142,270,125)

Gross profit		10,330,415		9,393,104

Distribution costs		(3,065,899)		(2,727,830)
Administrative expenses		(7,120,289)		(6,541,436)

Operating profit	4	144,227		123,838

Loss on sale of fixed assets		(2,176)		-

Profit on ordinary activities before taxation		142,051		123,838

Tax on profit on ordinary activities	6	-		(38,011)

Profit for the financial year		142,051		85,827

The income statement has been prepared on the basis that all operations are continuing operations.

MASTERMEDIA UK LIMITED
Statement of Comprehensive Income
for the year ended 31 December 2024


Notes	2024		2023
£		£

Profit for the financial year	142,051		85,827

Other comprehensive income

Total comprehensive income for the year	142,051		85,827

MASTERMEDIA UK LIMITED
Statement of Financial Position
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	7		773,575			47,928

Current assets
Stocks	8	164,755			370,337
Debtors	9	6,184,049			4,085,559
Cash at bank and in hand		579,812			22,082
		6,928,616			4,477,978

Creditors: amounts falling due within one year	10	(6,268,263)			(3,234,079)

Net current assets			660,353			1,243,899

Net assets			1,433,928			1,291,827

Capital and reserves
Called up share capital	11		150			100
Profit and loss account	12		1,433,778			1,291,727

Total equity			1,433,928			1,291,827




Mr Pawel Zbigniew Wojciak
Director
Approved by the board on 24 September 2025

MASTERMEDIA UK LIMITED
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 January 2023	100		-		-		1,205,900		1,206,000

Profit for the financial year							85,827		85,827


At 31 December 2023	100		-		-		1,291,727		1,291,827



At 1 January 2024	100		-		-		1,291,727		1,291,827

Profit for the financial year							142,051		142,051

Shares issued	50		-						50

At 31 December 2024	150		-		-		1,433,778		1,433,928

MASTERMEDIA UK LIMITED
Statement of Cash Flows
for the year ended 31 December 2024

Notes	2024		2023
£		£
Operating activities
Profit for the financial year	142,051		85,827

Adjustments for:
Loss on sale of fixed assets	2,176		-
Tax on profit on ordinary activities	-		38,011
Depreciation	40,047		17,399
Decrease/(increase) in stocks	205,582		(27,395)
(Increase)/decrease in debtors	(2,098,490)		142,158
Increase/(decrease) in creditors	3,034,184		(166,843)
	1,325,550		89,157

Corporation tax paid	-		(38,011)

Cash generated by operating activities	1,325,550		51,146

Investing activities
Payments to acquire tangible fixed assets	(773,202)		(29,578)
Proceeds from sale of tangible fixed assets	5,332		-

Cash used in investing activities	(767,870)		(29,578)

Financing activities
Proceeds from the issue of shares	50		-

Cash generated by financing activities	50		-

Net cash generated
Cash generated by operating activities	1,325,550		51,146
Cash used in investing activities	(767,870)		(29,578)
Cash generated by financing activities	50		-

Net cash generated	557,730		21,568

Cash and cash equivalents at 1 January	22,082		514
Cash and cash equivalents at 31 December	579,812		22,082

Cash and cash equivalents comprise:
Cash at bank	579,812		22,082

MASTERMEDIA UK LIMITED
Notes to the Accounts
for the year ended 31 December 2024

1	Summary of significant accounting policies

	Company information
	MASTERMEDIA UK LIMITED is a private company limited by shares, registered in England. The address of the registered office is Unit 6, Tinsley Industrial Estate, Shepcote Way, Sheffield, England, S9 1TH.

	Basis of preparing the financial statements
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and in accordance with the requirements of the Companies Act 2006.

	The financial statements are prepared in GBP£ (Great Britain pound sterling), which is the functional currency of the entity.
	The principal accounting policies adopted are set out below.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
	Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

	Tangible fixed assets

	Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
	Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
	An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

	Depreciation
	Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
	Fittings fixtures and equipment	20%		straight line
	Motor vehicles	20%		straight line

	If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

	Financial instruments
	A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
	Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
	Debt instruments are subsequently measured at amortised cost.
	Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
	Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
	Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
	Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
	For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
	Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	At the time approving the financial statements,the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.The going concern basis of accounting in preparing the financial statements of the company is therefore considered appropriate by the directors.

	Going concern consideration
	The Company tested the financial impact on the following areas of financial statements that can be affected:
	Breach of trade contracts,
	Revenue,
	Administrative expenses,
	Current and non-current assets fair value measurements,
	Trade and other receivables and payables.


2	Use of Estimates and Judgements

	The preparation of financial statements in accordance with the Companies Act 2006 and FRS102 requires from Management the exercise of judgement, to make estimates and assumptions that influence the application of accounting principles and the related amount of assets and liabilities income and expenses. The estimates and underlying assumptions are based on historical experience and various other factors that are deemed to be reasonable based on knowledge available at the time. Actual results may deviate from such estimates.
	The estimates and underlying assumptions are revised on a continuous basis. Revisions in accounting estimates are recognised in the period during with the estimate is revised, if the estimate affects only that period, or in the period of the revision and future periods. If the revision affects the present as well as future periods.
	Audit information
	The audit report is unqualified.

	Senior statutory auditor: Anwar Faruque Chowdhury
	Firm: ACN Accountants
	Date of audit report: 24 September 2025
3	Analysis of turnover					2024		2023
£							£

	Sale of goods					146,666,578		151,663,229


4	Operating profit					2024		2023
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					40,047		17,399
	Gain)/loss on disposal of tangible assets					2,176		-
	Impairment of trade debtors					105,145		152,804
	Foreign exchange differences					1,606		3,022
	Auditors' remuneration for audit services					9,000		-
	Carrying amount of stock sold					134,102,111		140,623,192


5	Staff costs					2024		2023
£							£

	Wages and salaries					2,366,101		2,250,860
	Social security costs					266,193		277,252
	Other pension costs					30,605		-
						2,662,899		2,528,112


	Average number of employees during the year					Number	Number

	Average number of persons employed by the company					46		49
						46		49


6	Taxation					2024		2023
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					-		38,011


	Tax on profit on ordinary activities					-		38,011


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2024		2023
£							£
	Profit on ordinary activities before tax					142,051		123,838

	Additions
	Disallowed Exp: Depreciation and (profit)/loss on sale of assets					65,028		61,244

	Deductions
	Capital allowances					(358,259)		(23,475)

	Adjusted Profit ( loss ) on ordinary activities before tax					(151,180)		161,607
	Standard rate of corporation tax in the UK

	YE 31.12.2023	Taxable profit		Rate
	Tax Year 2022	39,848		19%		-		7,571
	Tax Year 2023	121,759		25%		-		30,440
	Tax Year 2024			25%		-		-

	Current tax charge for period					-		38,011






7	Tangible fixed assets
		Asset under construction		Motor vehicles		Fixtures, fittings, tools and equipment		Total
		At cost		At cost		At cost
£			£		£		£
	Cost or valuation
	At 1 January 2024	-		84,981		169,491		254,472
	Additions	135,190		420,794		217,218		773,202
	Disposals	-		(17,480)		-		(17,480)
	At 31 December 2024	135,190		488,295		386,709		1,010,194

	Depreciation
	At 1 January 2024	-		59,608		146,936		206,544
	Charge for the year	-		33,384		6,663		40,047
	On disposals	-		(9,972)		-		(9,972)
	At 31 December 2024	-		83,020		153,599		236,619

	Carrying amount
	At 31 December 2024	135,190		405,275		233,110		773,575
	At 31 December 2023	-		25,373		22,555		47,928



8	Stocks					2024		2023
£							£

	Finished goods and goods for resale					164,755		370,337


9	Debtors					2024		2023
£							£

	Trade debtors					5,164,442		3,432,057
	Other debtors					-		2,020
	Prepayments and accrued income					1,019,607		651,482
						6,184,049		4,085,559


10	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					676,264		1,958,826
	Amounts owed to group undertakings					4,606,610		-
	Corporation tax					-		38,011
	Other taxes and social security costs					829,798		1,091,155
	Other creditors					146,591		146,087
	Accruals and deferred income					9,000		-
						6,268,263		3,234,079


11	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	150 Ordinary shares	£1 each		150		150		100


12	Profit and loss account					2024		2023
£							£

	At 1 January					1,291,727		1,205,900
	Profit for the financial year					142,051		85,827

	At 31 December					1,433,778		1,291,727


13	Post Balance Sheet Events
	There have not been any significant events since the balance sheet date. There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared.



14	Related party transactions

	During the year there were transactions between the company and its fellow group of companies and at the period ended the company owed to its fellow group of companies an amount of £4,606,610 ( 2023:nil ).


15	Controlling party

	Mastermedia UK Limited is controlled equally by three individuals, Grzegorz Mariusz Cioczek, Pawel Zbigniew Wojciak, and Katarzyna Irena Zdybicka-Wojciak, each holding 33.33% of the shares.


16	Foreign exchange and foreign currencies

	1. Functional and presentation currency
	Items included in the Company's financial statements are measured using the currency of the primary economic environment in which the entity operates ('the functional currency'). The financial statements are presented in Great Britain Pounds ('GBP £'), which is the Company's functional and presentation currency.
	2. Transactions and balances
	Foreign currency transactions are translated into functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.


17	Legal form of entity and country of incorporation

	MASTERMEDIA UK LIMITED is a private company limited by shares and incorporated in England.