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REGISTERED NUMBER: 04938065 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 October 2023

for

G. G. Media Resources Limited

G. G. Media Resources Limited (Registered number: 04938065)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G. G. Media Resources Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs S Y Gill
Mr G W Gill





SECRETARY: Mrs S Y Gill





REGISTERED OFFICE: Corsham Mansion House
Pickwick Road
Corsham
Wiltshire
SN13 9BL





REGISTERED NUMBER: 04938065 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

G. G. Media Resources Limited (Registered number: 04938065)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,808 20,054
Tangible assets 5 12,151 30,146
23,959 50,200

CURRENT ASSETS
Debtors 6 1,812,781 2,059,106
Investments 7 24,855 24,855
Cash at bank 578,122 237,302
2,415,758 2,321,263
CREDITORS
Amounts falling due within one year 8 712,243 812,121
NET CURRENT ASSETS 1,703,515 1,509,142
TOTAL ASSETS LESS CURRENT LIABILITIES 1,727,474 1,559,342

PROVISIONS FOR LIABILITIES - 6,895
NET ASSETS 1,727,474 1,552,447

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,727,374 1,552,347
SHAREHOLDERS' FUNDS 1,727,474 1,552,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 July 2024 and were signed on its behalf by:





Mrs S Y Gill - Director


G. G. Media Resources Limited (Registered number: 04938065)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

G. G. Media Resources Limited 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - Straight line over 5 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 5 years

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 8 (2022 - 13 ) .

G. G. Media Resources Limited (Registered number: 04938065)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 41,274
AMORTISATION
At 1 November 2022 21,220
Charge for year 8,246
At 31 October 2023 29,466
NET BOOK VALUE
At 31 October 2023 11,808
At 31 October 2022 20,054

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 42,953 14,200 120,784 177,937
Additions 250 - 2,424 2,674
At 31 October 2023 43,203 14,200 123,208 180,611
DEPRECIATION
At 1 November 2022 39,440 13,800 94,551 147,791
Charge for year 3,533 400 16,736 20,669
At 31 October 2023 42,973 14,200 111,287 168,460
NET BOOK VALUE
At 31 October 2023 230 - 11,921 12,151
At 31 October 2022 3,513 400 26,233 30,146

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 416,690 733,361
Amounts owed by group undertakings 34,155 34,355
Other debtors 1,205,832 1,120,642
Tax 66,763 58,070
Prepayments and accrued income 31,625 75,900
Prepayments 57,716 36,778
1,812,781 2,059,106

7. CURRENT ASSET INVESTMENTS
31.10.23 31.10.22
£    £   
Listed investments 24,855 24,855

G. G. Media Resources Limited (Registered number: 04938065)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 105,317 193,986
Tax 232,920 421,633
Social security and other taxes 1,709 17,350
VAT 91,057 60,154
Other creditors 16,193 9,338
Accruals and deferred income 160,567 51,935
Accrued expenses 104,480 57,725
712,243 812,121

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
20 ORDINARY B £1 20 20
80 ORDINARY A £1 80 80
100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 1,552,347
Profit for the year 413,043
Dividends (238,016 )
At 31 October 2023 1,727,374