Company Registration No. 08757407 (England and Wales)
Mediacle Limited
Unaudited accounts
for the year ended 31 October 2018
Mediacle Limited
Unaudited accounts
Contents
Mediacle Limited
Company Information
for the year ended 31 October 2018
Company Number
08757407 (England and Wales)
Registered Office
16 UPPER WOBURN PLACE
LONDON
WC1H 0BS
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Mediacle Limited
Statement of financial position
as at
31 October 2018
Tangible assets
1,418
1,772
Cash at bank and in hand
2,742,408
1,275,885
Creditors: amounts falling due within one year
(645,588)
(236,826)
Net current assets
2,291,106
1,219,352
Net assets
2,292,524
1,221,124
Called up share capital
10
10
Profit and loss account
2,292,514
1,221,114
Shareholders' funds
2,292,524
1,221,124
For the year ending 31 October 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 May 2019.
Santosh Jain
Director
Company Registration No. 08757407
Mediacle Limited
Notes to the Accounts
for the year ended 31 October 2018
Mediacle Limited is a private company, limited by shares, registered in England and Wales, registration number 08757407. The registered office is 16 UPPER WOBURN PLACE, LONDON, WC1H 0BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance basis
The financial statements have been produced on a going concern basis.
Mediacle Limited
Notes to the Accounts
for the year ended 31 October 2018
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Trade debtors
194,286
180,293
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
332,313
932
Taxes and social security
293,765
220,464
Loans from directors
19,510
15,430
7
Share capital
2018
2017
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
15,430
4,080
-
19,510
At the reporting date, the company owed £19,510 to the Director. This loan was made interest free and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).