MEDIASTERLING LIMITED

MEDIASTERLING LIMITED

MEDIASTERLING LIMITED - Company Information

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MEDIASTERLING LIMITED

Company Registration Number:
03683954 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

MEDIASTERLING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Balance sheet
Notes

MEDIASTERLING LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 18,535 18,824
Total fixed assets: 18,535 18,824
Current assets
Stocks: 13,000 36,000
Debtors:   264,694 153,635
Cash at bank and in hand: 236,105 119,182
Total current assets: 513,799 308,817
Creditors: amounts falling due within one year:   (336,803) (200,743)
Net current assets (liabilities): 176,996 108,074
Total assets less current liabilities: 195,531 126,898
Provision for liabilities: (3,250) (3,245)
Total net assets (liabilities): 192,281 123,653
Capital and reserves
Called up share capital: 1,100 1,100
Other reserves: 1,900 1,900
Profit and loss account: 189,281 120,653
Shareholders funds: 192,281 123,653

The notes form part of these financial statements

MEDIASTERLING LIMITED

Balance sheet statements

For the year ending 31 August 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 May 2020
and signed on behalf of the board by:

Name: R Lambert
Status: Director

The notes form part of these financial statements

MEDIASTERLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Leasehold over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

MEDIASTERLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Employees

2019 2018
Average number of employees during the period 15 15

MEDIASTERLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible Assets

Total
Cost £
At 01 September 2018 67,460
Additions 7,214
Disposals (1,778)
At 31 August 2019 72,896
Depreciation
At 01 September 2018 48,636
Charge for year 7,371
On disposals (1,646)
At 31 August 2019 54,361
Net book value
At 31 August 2019 18,535
At 31 August 2018 18,824