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TELL ME EVERYTHING LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
Tell Me Everything Limited is a private limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company is that of content creation for broadcast media.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The directors have prepared projected cash flow information for the period ending twelve months from the date of their approval of these financial statements. The directors are aware that the nature of the Company's business is such that there can be considerable variations in cash inflows. Based on the projected cash flows and continued support of the shareholders, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover comprises production fees receivable exclusive of VAT.
Production turnover and gross profit are recognised over the period of the production, on a stage of completion and straight line basis respectively.
Project development costs, carried forward under work in progress, represent costs incurred on projects in developments and are stated at the lower of cost and estimated net realisable value.
Short term debtors are measured at the transaction price.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company only enters into financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors and loans from related parties.
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