MediaContracts(2012) Limited

MediaContracts(2012) Limited

MEDIACONTRACTS(2012) LIMITED - Company Information

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1 July 2020 false Taxfiler 2022.6 08115133business:PrivateLimitedCompanyLtd2020-07-012021-06-30 081151332020-06-30 081151332020-07-012021-06-30 08115133business:AuditExemptWithAccountantsReport2020-07-012021-06-30 08115133business:FullAccounts2020-07-012021-06-30 081151332021-06-30 08115133business:Director12020-07-012021-06-30 08115133business:CompanySecretary12020-07-012021-06-30 08115133business:RegisteredOffice2020-07-012021-06-30 081151332020-06-30 08115133core:WithinOneYear2021-06-30 08115133core:WithinOneYear2020-06-30 08115133core:ShareCapital2021-06-30 08115133core:ShareCapital2020-06-30 08115133core:RetainedEarningsAccumulatedLosses2021-06-30 08115133core:RetainedEarningsAccumulatedLosses2020-06-30 08115133business:SmallEntities2020-07-012021-06-30 08115133countries:EnglandWales2020-07-012021-06-30 08115133core:ComputerEquipment2020-07-012021-06-30 08115133core:ComputerEquipment2020-06-30 08115133core:ComputerEquipment2021-06-30 08115133business:OrdinaryShareClass12020-07-012021-06-30 08115133business:OrdinaryShareClass12019-07-012020-06-30 081151332019-07-012020-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08115133 (England and Wales)
MediaContracts(2012) Limited Unaudited accounts for the year ended 30 June 2021
MediaContracts(2012) Limited Unaudited accounts Contents
Page
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MediaContracts(2012) Limited Company Information for the year ended 30 June 2021
Director
Mr. Malcolm Andrew Howie Barnett
Secretary
Mr. Malcom Andrew Howie Barnett
Company Number
08115133 (England and Wales)
Registered Office
C/O Together Accounting Ltd 17-19 St. George's Street Norwich Norfolk NR3 1AB England
Accountants
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB
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MediaContracts(2012) Limited Accountants' report
Accountants' report to the director of MediaContracts(2012) Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MediaContracts(2012) Limited for the year ended 30 June 2021 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MediaContracts(2012) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MediaContracts(2012) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MediaContracts(2012) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MediaContracts(2012) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MediaContracts(2012) Limited. You consider that MediaContracts(2012) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MediaContracts(2012) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited 17-19 St Georges Street Norwich Norfolk NR3 1AB 29 June 2022
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MediaContracts(2012) Limited Statement of financial position as at 30 June 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,348 
5,017 
Current assets
Inventories
62,000 
70,000 
Debtors
5
205,068 
70,894 
Cash at bank and in hand
6,523 
5,329 
273,591 
146,223 
Creditors: amounts falling due within one year
6
(245,006)
(154,808)
Net current assets/(liabilities)
28,585 
(8,585)
Total assets less current liabilities
30,933 
(3,568)
Provisions for liabilities
Deferred tax
(1,742)
(1,133)
Net assets/(liabilities)
29,191 
(4,701)
Capital and reserves
Called up share capital
7
10,000 
10,000 
Profit and loss account
19,191 
(14,701)
Shareholders' funds
29,191 
(4,701)
For the year ending 30 June 2021 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 June 2022 and were signed on its behalf by
Mr. Malcolm Andrew Howie Barnett Director Company Registration No. 08115133
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MediaContracts(2012) Limited Notes to the Accounts for the year ended 30 June 2021
1
Statutory information
MediaContracts(2012) Limited is a private company, limited by shares, registered in England and Wales, registration number 08115133. The registered office is C/O Together Accounting Ltd, 17-19 St. George's Street, Norwich, Norfolk, NR3 1AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% - Straight Line Method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MediaContracts(2012) Limited Notes to the Accounts for the year ended 30 June 2021
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2020
10,981 
Additions
538 
Disposals
(1,958)
At 30 June 2021
9,561 
Depreciation
At 1 July 2020
5,964 
Charge for the year
3,187 
On disposals
(1,938)
At 30 June 2021
7,213 
Net book value
At 30 June 2021
2,348 
At 30 June 2020
5,017 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
163,840 
69,930 
Other debtors
41,228 
964 
205,068 
70,894 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
22,599 
9,944 
Trade creditors
14,284 
24,104 
Taxes and social security
4,387 
(72,065)
Other creditors
344 
343 
Loans from directors
203,392 
192,482 
245,006 
154,808 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £100 each
10,000 
10,000 
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MediaContracts(2012) Limited Notes to the Accounts for the year ended 30 June 2021
8
Transactions with related parties
NEOSOFTWARE LIMITED (A related party by virtue of it having a common Director, Mr. Malcolm Andrew Howie Barnett). Sales 2020 £287,213 2019 £267,229 Debtors (Included in Trade Debtors) 2020 £ 68,930 2019 £ 29,970
9
Controlling party
The Company is Controlled by the Director who owns 100% of the Called-up Share Capital.
10
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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