Media On Demand Streaming Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07882928 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

MEDIA ON DEMAND STREAMING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Penson

K Lewis

SECRETARY:

J Penson

REGISTERED OFFICE:

5 Faraday Road

Guildford

Surrey

GU1 1EA

REGISTERED NUMBER:

07882928 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Intangible assets

4

12,000

16,000

Tangible assets

5

5,296

3,753

17,296

19,753

CURRENT ASSETS

Debtors

6

128,943

94,675

Cash at bank

45

54,590

128,988

149,265

CREDITORS

Amounts falling due within one year

7

86,751

83,282

NET CURRENT ASSETS

42,237

65,983

TOTAL ASSETS LESS CURRENT LIABILITIES

59,533

85,736

CREDITORS

Amounts falling due after more than one year

8

-

(171

)

PROVISIONS FOR LIABILITIES

(777

)

(433

)

NET ASSETS

58,756

85,132

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,656

85,032

SHAREHOLDERS' FUNDS

58,756

85,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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.

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 Board of Directors on 20 September 2019 and were signed on its behalf by:

J Penson - Director

1.	STATUTORY INFORMATION

Media On Demand Streaming Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of 5 years.

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

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.

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 year was 6 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2018

and 31 December 2018

20,000

AMORTISATION

At 1 January 2018

4,000

Charge for year

4,000

At 31 December 2018

8,000

NET BOOK VALUE

At 31 December 2018

12,000

At 31 December 2017

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

22,906

Additions

7,096

At 31 December 2018

30,002

DEPRECIATION

At 1 January 2018

19,153

Charge for year

5,553

At 31 December 2018

24,706

NET BOOK VALUE

At 31 December 2018

5,296

At 31 December 2017

3,753

6.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

100,046

40,502

Other debtors

25,385

54,173

125,431

94,675

2018

2017

£

£

Amounts falling due after more than one year:

Amounts owed by associates

3,512

-

Aggregate amounts

128,943

94,675

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

3,608

-

Trade creditors

28,657

7,726

Taxation and social security

44,650

54,538

Other creditors

9,836

21,018

86,751

83,282

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Amounts owed to associates

-

171

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

-

598

10.	ULTIMATE CONTROLLING PARTY

There is no individual with ultimate control.