Media Circle Training Limited

MEDIA CIRCLE TRAINING LIMITED - Company Information

2020-01-012020-12-312020-12-31false03902613Media Circle Training Limited2021-09-2474909iso4217:GBPxbrli:pure039026132020-01-01039026132020-12-31039026132020-01-012020-12-31039026132019-01-01039026132019-12-31039026132019-01-012019-12-3103902613bus:SmallEntities2020-01-012020-12-3103902613bus:AuditExempt-NoAccountantsReport2020-01-012020-12-3103902613bus:FullAccounts2020-01-012020-12-3103902613bus:CompanyLimitedByGuarantee2020-01-012020-12-3103902613core:WithinOneYear2020-12-3103902613core:AfterOneYear2020-12-3103902613core:WithinOneYear2019-12-3103902613core:AfterOneYear2019-12-3103902613core:ShareCapital2020-12-3103902613core:SharePremium2020-12-3103902613core:RevaluationReserve2020-12-3103902613core:OtherReservesSubtotal2020-12-3103902613core:RetainedEarningsAccumulatedLosses2020-12-3103902613core:ShareCapital2019-12-3103902613core:SharePremium2019-12-3103902613core:RevaluationReserve2019-12-3103902613core:OtherReservesSubtotal2019-12-3103902613core:RetainedEarningsAccumulatedLosses2019-12-3103902613core:LandBuildings2020-12-3103902613core:PlantMachinery2020-12-3103902613core:Vehicles2020-12-3103902613core:FurnitureFittings2020-12-3103902613core:OfficeEquipment2020-12-3103902613core:NetGoodwill2020-12-3103902613core:IntangibleAssetsOtherThanGoodwill2020-12-3103902613core:ListedExchangeTraded2020-12-3103902613core:UnlistedNon-exchangeTraded2020-12-3103902613core:LandBuildings2019-12-3103902613core:PlantMachinery2019-12-3103902613core:Vehicles2019-12-3103902613core:FurnitureFittings2019-12-3103902613core:OfficeEquipment2019-12-3103902613core:NetGoodwill2019-12-3103902613core:IntangibleAssetsOtherThanGoodwill2019-12-3103902613core:ListedExchangeTraded2019-12-3103902613core:UnlistedNon-exchangeTraded2019-12-3103902613core:LandBuildings2020-01-012020-12-3103902613core:PlantMachinery2020-01-012020-12-3103902613core:Vehicles2020-01-012020-12-3103902613core:FurnitureFittings2020-01-012020-12-3103902613core:OfficeEquipment2020-01-012020-12-3103902613core:NetGoodwill2020-01-012020-12-3103902613core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3103902613core:ListedExchangeTraded2020-01-012020-12-3103902613core:UnlistedNon-exchangeTraded2020-01-012020-12-3103902613core:MoreThanFiveYears2020-01-012020-12-3103902613core:Non-currentFinancialInstruments2020-12-3103902613core:Non-currentFinancialInstruments2019-12-3103902613dpl:CostSales2020-01-012020-12-3103902613dpl:DistributionCosts2020-01-012020-12-3103902613dpl:AdministrativeExpenses2020-01-012020-12-3103902613core:LandBuildings2020-01-012020-12-3103902613core:PlantMachinery2020-01-012020-12-3103902613core:Vehicles2020-01-012020-12-3103902613core:FurnitureFittings2020-01-012020-12-3103902613core:OfficeEquipment2020-01-012020-12-3103902613core:NetGoodwill2020-01-012020-12-3103902613core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3103902613dpl:GroupUndertakings2020-01-012020-12-3103902613dpl:ParticipatingInterests2020-01-012020-12-3103902613dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3103902613core:ListedExchangeTraded2020-01-012020-12-3103902613dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3103902613core:UnlistedNon-exchangeTraded2020-01-012020-12-3103902613dpl:CostSales2019-01-012019-12-3103902613dpl:DistributionCosts2019-01-012019-12-3103902613dpl:AdministrativeExpenses2019-01-012019-12-3103902613core:LandBuildings2019-01-012019-12-3103902613core:PlantMachinery2019-01-012019-12-3103902613core:Vehicles2019-01-012019-12-3103902613core:FurnitureFittings2019-01-012019-12-3103902613core:OfficeEquipment2019-01-012019-12-3103902613core:NetGoodwill2019-01-012019-12-3103902613core:IntangibleAssetsOtherThanGoodwill2019-01-012019-12-3103902613dpl:GroupUndertakings2019-01-012019-12-3103902613dpl:ParticipatingInterests2019-01-012019-12-3103902613dpl:GroupUndertakingscore:ListedExchangeTraded2019-01-012019-12-3103902613core:ListedExchangeTraded2019-01-012019-12-3103902613dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-01-012019-12-3103902613core:UnlistedNon-exchangeTraded2019-01-012019-12-3103902613core:NetGoodwill2020-12-3103902613core:IntangibleAssetsOtherThanGoodwill2020-12-3103902613core:LandBuildings2020-12-3103902613core:PlantMachinery2020-12-3103902613core:Vehicles2020-12-3103902613core:FurnitureFittings2020-12-3103902613core:OfficeEquipment2020-12-3103902613core:AfterOneYear2020-12-3103902613core:WithinOneYear2020-12-3103902613core:ListedExchangeTraded2020-12-3103902613core:UnlistedNon-exchangeTraded2020-12-3103902613core:ShareCapital2020-12-3103902613core:SharePremium2020-12-3103902613core:RevaluationReserve2020-12-3103902613core:OtherReservesSubtotal2020-12-3103902613core:RetainedEarningsAccumulatedLosses2020-12-3103902613core:NetGoodwill2019-12-3103902613core:IntangibleAssetsOtherThanGoodwill2019-12-3103902613core:LandBuildings2019-12-3103902613core:PlantMachinery2019-12-3103902613core:Vehicles2019-12-3103902613core:FurnitureFittings2019-12-3103902613core:OfficeEquipment2019-12-3103902613core:AfterOneYear2019-12-3103902613core:WithinOneYear2019-12-3103902613core:List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Registered Number
03902613
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 December 2020

Media Circle Training Limited

Company Information
for the year from 1 January 2020 to 31 December 2020


Directors	MICHAEL, Elizabeth Rosemary


Registered Address	7th Floor 20 St. Andrew Street
	London
	EC4A 3AG


Registered Number	03902613 (England and Wales)

Media Circle Training Limited

Balance Sheet as at
31 December 2020

	Notes	2020		2019
		£	£	£	£
Current assets
Debtors	7	7,282		21,356
Cash at bank and on hand		26,805		35,830
		34,087		57,186
Creditors amounts falling due within one year	8	(11,014)		(24,868)
Net current assets (liabilities)			23,073		32,318
Total assets less current liabilities			23,073		32,318
Net assets			23,073		32,318
Capital and reserves
Profit and loss account			23,073		32,318
Shareholders' funds			23,073		32,318

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account.

The financial statements were approved and authorised for issue by the Director on 24 September 2021, and are signed on its behalf by:

MICHAEL, Elizabeth Rosemary
Director
Registered Company No. 03902613

Media Circle Training Limited

Notes to the Financial Statements
for the year ended 31 December 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by guarantee and registered in England and Wales. The company's registered number is 03902613 and its registered office address is 7th Floor, 20 St. Andrew Street, London, EC4A 3AG.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	BASIS OF MEASUREMENT USED IN FINANCIAL STATEMENTS
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	ACCOUNTING POLICIES

	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 rendering of services.

	Revenue recognition policy
	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.

	Going concern
	The accounts have been prepared using the Going Concern basis as there is no suggestion that the company will not survive for the 12 months following the date of the Balance Sheet. While the ongoing COVID-19 pandemic has had a negative effect on the company, steps have been taken to preserve the company until it is able to operate at pre-pandemic levels again.

5.	CRITICAL ESTIMATES AND JUDGEMENTS
	No significant estimates or judgements have been made during the year.

6.	EMPLOYEE INFORMATION
	Including directors

		2020		2019
	Average number of employees during the year	1		1

7.	DEBTORS
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2020 £	2019 £
Trade debtors / trade receivables	5,958	20,181
Other debtors	236	-
Prepayments and accrued income	1,088	1,175
Total	7,282	21,356

8.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2020 £	2019 £
Trade creditors / trade payables	5,028	6,015
Taxation and social security	575	1,653
Accrued liabilities and deferred income	5,411	17,200
Total	11,014	24,868