MediaWR Limited 31/12/2022 iXBRL

MediaWR Limited 31/12/2022 iXBRL

MEDIAWR LIMITED - Company Information

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1 31/12/2022 2022-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 12348024 2022-01-01 2022-12-31 12348024 2022-12-31 12348024 2021-01-01 2021-12-31 12348024 2021-12-31 12348024 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 12348024 bus:RegisteredOffice 2022-01-01 2022-12-31 12348024 bus:Director1 2022-01-01 2022-12-31 12348024 bus:CompanySecretary1 2022-01-01 2022-12-31 12348024 core:FurnitureFittingsToolsEquipment 2022-12-31 12348024 core:WithinOneYear 2022-12-31 12348024 core:WithinOneYear 2021-12-31 12348024 core:ShareCapital 2022-12-31 12348024 core:ShareCapital 2021-12-31 12348024 core:RetainedEarningsAccumulatedLosses 2022-12-31 12348024 core:RetainedEarningsAccumulatedLosses 2021-12-31 12348024 bus:SmallEntities 2022-01-01 2022-12-31 12348024 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12348024 bus:FullAccounts 2022-01-01 2022-12-31 12348024 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12348024 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 12348024
MediaWR Limited
Unaudited filleted financial statements
31 December 2022
MediaWR Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
MediaWR Limited
Directors and other information
Director Mr W Baker
Secretary Mr W Baker
Company number 12348024
Registered office 15b Ridge Road
London
N8 9LE
MediaWR Limited
Statement of financial position
31 December 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 1,435 -
_______ _______
1,435 -
Current assets
Debtors 6 5,663 6,126
Cash at bank and in hand 129,598 123,951
_______ _______
135,261 130,077
Creditors: amounts falling due
within one year 7 ( 34,113) ( 34,446)
_______ _______
Net current assets 101,148 95,631
_______ _______
Total assets less current liabilities 102,583 95,631
_______ _______
Net assets 102,583 95,631
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 102,483 95,531
_______ _______
Shareholders funds 102,583 95,631
_______ _______
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 September 2023 , and are signed on behalf of the board by:
Mr W Baker
Director
Company registration number: 12348024
MediaWR Limited
Notes to the financial statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 15b Ridge Road, London, N8 9LE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2022 - -
Additions 1,913 1,913
_______ _______
At 31 December 2022 1,913 1,913
_______ _______
Depreciation
At 1 January 2022 - -
Charge for the year 478 478
_______ _______
At 31 December 2022 478 478
_______ _______
Carrying amount
At 31 December 2022 1,435 1,435
_______ _______
At 31 December 2021 - -
_______ _______
6. Debtors
2022 2021
£ £
Trade debtors 4,957 6,026
Other debtors 706 100
_______ _______
5,663 6,126
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 1,440 -
Corporation tax 26,129 28,359
Social security and other taxes - 2,274
Other creditors 6,544 3,813
_______ _______
34,113 34,446
_______ _______