Media 5 Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05548659 (England and Wales)

MEDIA 5 SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mr J J Forde

REGISTERED OFFICE:

Number One Forder Way

Cygnet Park

The Hamptons

Peterborough

Cambridgeshire

PE7 8GX

REGISTERED NUMBER:

05548659 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

CURRENT ASSETS

Debtors

5

332

35,104

Cash at bank

1,327

132

1,659

35,236

CREDITORS

Amounts falling due within one year

6

2,143

35,199

NET CURRENT (LIABILITIES)/ASSETS

(484

)

37

TOTAL ASSETS LESS CURRENT LIABILITIES

(484

)

37

CAPITAL AND RESERVES

Called up share capital

7

4,200

4,200

Share premium

87,263

87,263

Retained earnings

(91,947

)

(91,426

)

SHAREHOLDERS' FUNDS

(484

)

37

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 June 2022 and were signed by:

Mr J J Forde - Director

1.	STATUTORY INFORMATION

Media 5 Solutions 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.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Going concern

The director is aware that the P&L reserves are negative this year, but is of the opinion that the business will continue for the foreseeable future and have agreed to support the business during this interim period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

12,031

Disposals

(12,031

)

At 30 June 2021

-

DEPRECIATION

At 1 July 2020

12,031

Eliminated on disposal

(12,031

)

At 30 June 2021

-

NET BOOK VALUE

At 30 June 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

80

Other debtors

332

35,024

332

35,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

815

12

Other creditors

1,328

35,187

2,143

35,199

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

4,200

Ordinary shares

1

4,200

4,200