The Media Practice Ltd. - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05818454 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

THE MEDIA PRACTICE LTD.

Page

Company Information

1

Balance Sheet

2

DIRECTOR:

Mr A Sobers

SECRETARY:

Miss S Sobers-Nelson

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

05818454 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

908

1,592

CURRENT ASSETS

55,782

62,205

CREDITORS

Amounts falling due within one year

(52,617

)

(29,764

)

NET CURRENT ASSETS

3,165

32,441

TOTAL ASSETS LESS CURRENT LIABILITIES

4,073

34,033

ACCRUALS AND DEFERRED INCOME

1,622

1,800

NET ASSETS

2,451

32,233

CAPITAL AND RESERVES

2,451

32,233

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2017 and

31 May 2016:

2017

2016

£

£

Mr A Sobers

Balance outstanding at start of year

40,350

-

Amounts advanced

42,031

40,350

Amounts repaid

(40,350

)

-

Balance outstanding at end of year

42,031

40,350

Interest has been charged on director's loan at the HMRC official rate and is calculated on a daily basis. During

the year, £1,724 interest was charged on this loan. The loan, together with interest, has been repaid within

nine months of the year end.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 October 2017 and were signed by:

Mr A Sobers - Director