Mike Chadwick Media & Managment Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09640996 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Mike Chadwick Media & Managment Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Chadwick

Mrs A L Chadwick

REGISTERED OFFICE:

Boardman Conway

23A High Street

Weaverham

Northwich

Cheshire

CW8 3HA

REGISTERED NUMBER:

09640996 (England and Wales)

ACCOUNTANTS:

Boardman Conway

23A High Street

Weaverham

Northwich

Cheshire

CW8 3HA

FIXED ASSETS

Tangible assets

4

5,034

8,646

Investments

5

559,921

560,000

564,955

568,646

CURRENT ASSETS

Debtors

6

13,009

29,556

Cash at bank

192,468

149,162

205,477

178,718

CREDITORS

Amounts falling due within one year

7

24,514

2,996

NET CURRENT ASSETS

180,963

175,722

TOTAL ASSETS LESS CURRENT LIABILITIES

745,918

744,368

PROVISIONS FOR LIABILITIES

956

1,643

NET ASSETS

744,962

742,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

744,862

742,625

SHAREHOLDERS' FUNDS

744,962

742,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by:

C M Chadwick - Director

1.	STATUTORY INFORMATION

Mike Chadwick Media & Managment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised in the month that the services are performed or receives the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2022

and 31 March 2023

25,380

DEPRECIATION

At 1 April 2022

16,734

Charge for year

3,612

At 31 March 2023

20,346

NET BOOK VALUE

At 31 March 2023

5,034

At 31 March 2022

8,646

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

560,000

Additions

707,369

Disposals

(707,448

)

At 31 March 2023

559,921

NET BOOK VALUE

At 31 March 2023

559,921

At 31 March 2022

560,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Directors' current accounts

-

16,627

Tax

12,909

12,829

Prepayments

100

100

13,009

29,556

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Credit cards

221

50

Tax

20,212

-

Social security and other taxes

387

361

Directors' current accounts

676

-

Accrued expenses

3,018

2,585

24,514

2,996

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

C M Chadwick and Mrs A L Chadwick

Balance outstanding at start of year

16,627

33,136

Amounts advanced

69,705

-

Amounts repaid

(87,008

)

(16,509

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(676

)

16,627