The Media Practice Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05818454 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

THE MEDIA PRACTICE LTD.

Page

Balance Sheet

1

FIXED ASSETS

329

908

CURRENT ASSETS

44,600

55,782

CREDITORS

Amounts falling due within one year

(49,960

)

(52,617

)

NET CURRENT (LIABILITIES)/ASSETS

(5,360

)

3,165

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,031

)

4,073

ACCRUALS AND DEFERRED INCOME

1,662

1,622

NET (LIABILITIES)/ASSETS

(6,693

)

2,451

CAPITAL AND RESERVES

(6,693

)

2,451

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

The Media Practice Ltd. is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

05818454

Registered office:

34-40 High Street

Wanstead

London

E11 2RJ

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2017 - 1 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2018 and

31 May 2017:

2018

2017

£

£

Mr A Sobers

Balance outstanding at start of year

42,031

40,350

Amounts advanced

-

42,031

Amounts repaid

(14,381

)

(40,350

)

Balance outstanding at end of year

27,650

42,031

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

the year, £674 interest was charged on this loan. The loan, together with interest, has been repaid within nine

months of the year end.

4.	BASIS OF PREPARING THE FINANCIAL STATEMENTS AND GOING CONCERN

The financial statements have been prepared on a going concern basis despite the company being technically

insolvent. The company continues to rely upon the financial support of the director.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 27 November 2018 and were signed by:

Mr A Sobers - Director