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Registered number: 13001052
Media Developments (Nailsea) Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS
Media Developments (Nailsea) Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
R F Love
Paul O'Brien
Dave Senior
Toby Searchfield
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13001052
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS
Media Developments (Nailsea) Limited
ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Media Developments (Nailsea) Limited
BALANCE SHEET AT 30/11/2024
20242023
Notes££
CURRENT ASSETS
Stock922,000896,000
Debtors44,0074,007
Cash at bank and in hand212
926,028900,009
CREDITORS: Amounts falling due within one year5275,776277,854
NET CURRENT ASSETS650,252622,155
TOTAL ASSETS LESS CURRENT LIABILITIES650,252622,155
CREDITORS: Amounts falling due after more than one year6651,297623,178
NET LIABILITIES(1,045)(1,023)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account(1,047)(1,025)
SHAREHOLDERS' FUNDS(1,045)(1,023)
For the year ending 30/11/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/11/2025 and signed on their behalf by
.............................
R F Love
Director
Media Developments (Nailsea) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees44
3. STOCK 20242023
££
Stock comprises:
Land619,500619,500
Work in progress302,500276,500
922,000896,000
Media Developments (Nailsea) Limited
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors4,0074,007
4,0074,007
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account18,45113,654
Mortgage250,000250,000
Trade creditors8259,700
Accruals6,5004,500
275,776277,854
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Long term creditor651,297623,178
651,297623,178
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22