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 2021

FOR

MEDIA ON DEMAND STREAMING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

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

2,000

4,000

Tangible assets

5

58,062

19,889

Investments

6

20

20

60,082

23,909

CURRENT ASSETS

Debtors

7

503,364

408,718

Cash at bank

644,802

454,457

1,148,166

863,175

CREDITORS

Amounts falling due within one year

8

447,316

467,363

NET CURRENT ASSETS

700,850

395,812

TOTAL ASSETS LESS CURRENT LIABILITIES

760,932

419,721

PROVISIONS FOR LIABILITIES

10,905

3,625

NET ASSETS

750,027

416,096

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

749,927

415,996

SHAREHOLDERS' FUNDS

750,027

416,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 and authorised for issue on 12 September 2022 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 and 25% on cost

Investments in associates

Investments in associate undertakings are recognised at 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 9 (2020 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2021

and 31 December 2021

20,000

AMORTISATION

At 1 January 2021

16,000

Charge for year

2,000

At 31 December 2021

18,000

NET BOOK VALUE

At 31 December 2021

2,000

At 31 December 2020

4,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

59,748

Additions

70,766

Disposals

(21,548

)

At 31 December 2021

108,966

DEPRECIATION

At 1 January 2021

39,859

Charge for year

32,593

Eliminated on disposal

(21,548

)

At 31 December 2021

50,904

NET BOOK VALUE

At 31 December 2021

58,062

At 31 December 2020

19,889

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2021

and 31 December 2021

20

NET BOOK VALUE

At 31 December 2021

20

At 31 December 2020

20

7.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

330,921

340,402

Other debtors

142,429

51,424

473,350

391,826

Amounts falling due after more than one year:

Amounts owed by associates

30,014

16,892

Aggregate amounts

503,364

408,718

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

38,820

49,434

Taxation and social security

300,166

321,732

Other creditors

108,330

96,197

447,316

467,363

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021

2020

£

£

J Penson

Balance outstanding at start of year

(52,493

)

(728

)

Amounts advanced

199,138

196,656

Amounts repaid

(181,312

)

(248,421

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(34,667

)

(52,493

)

K Lewis

Balance outstanding at start of year

(8,749

)

(876

)

Amounts advanced

76,273

34,099

Amounts repaid

(90,312

)

(41,972

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,788

)

(8,749

)

10.	ULTIMATE CONTROLLING PARTY

There is no individual with ultimate control.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Media On Demand Streaming Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Media On Demand Streaming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Media On Demand Streaming Limited and state those matters that we have agreed to state to the Board of Directors of Media On Demand Streaming Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Media On Demand Streaming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Media On Demand Streaming Limited. You consider that Media On Demand Streaming 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 financial statements of Media On Demand Streaming 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 financial statements.

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

12 September 2022