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REGISTERED NUMBER: 03976568 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ALL CITY MEDIA LTD.

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL CITY MEDIA LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr DC Frost
Mr P Hanson





SECRETARIES: Mrs J Hanson
Mrs A Frost





REGISTERED OFFICE: 12 High Street
Stanford-Le-Hope
SS17 0EY





REGISTERED NUMBER: 03976568 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 26,727 32,857

CURRENT ASSETS
Stocks 1,019 -
Debtors 6 283,137 296,540
Cash at bank 43,202 140,594
327,358 437,134
CREDITORS
Amounts falling due within one year 7 44,913 100,816
NET CURRENT ASSETS 282,445 336,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,172

369,175

CREDITORS
Amounts falling due after more than one year 8 (33,333 ) (38,474 )

PROVISIONS FOR LIABILITIES 9 (6,157 ) (5,658 )
NET ASSETS 269,682 325,043

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 269,482 324,843
SHAREHOLDERS' FUNDS 269,682 325,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 3 July 2024 and were signed on its behalf by:





Mr DC Frost - Director


ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

All City Media 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Capital expenditure on premises - 10% straight line basis
Equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates two defined contribution pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Capital
expenditure
on
premises Equipment Totals
£    £    £   
COST
At 1 December 2022 125,854 57,208 183,062
Additions - 3,041 3,041
At 30 November 2023 125,854 60,249 186,103
DEPRECIATION
At 1 December 2022 125,010 25,195 150,205
Charge for year 792 8,379 9,171
At 30 November 2023 125,802 33,574 159,376
NET BOOK VALUE
At 30 November 2023 52 26,675 26,727
At 30 November 2022 844 32,013 32,857

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 156,157 179,985
Other debtors 126,980 116,555
283,137 296,540

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,150 5,339
Trade creditors 1,272 2,450
Corporation tax 14,715 45,605
Social security and other taxes 11,489 6,144
Other creditors 8,665 33,186
Directors' current accounts 3,622 8,092
44,913 100,816

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,000 5,141
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 13,333 18,333
33,333 38,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,333 18,333

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,157 5,658

Deferred
tax
£   
Balance at 1 December 2022 5,658
Charge to Income Statement during year 499
Balance at 30 November 2023 6,157

ALL CITY MEDIA LTD. (REGISTERED NUMBER: 03976568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

The provision for deferred taxation is made up of accelerated capital allowances.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the employees and directors. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £978 unpaid contributions (2022: £275).

11. OTHER FINANCIAL COMMITMENTS

The Company has a total commitments, guarantees and contingencies as at year end 2023 of £1,203,100 (2022: £1,287,858).

Included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:

20232022
££
Within one year84,85190,234
Between one and five years300,849307,024
More than five years817,400890,600
1,203,1001,287,858

12. RELATED PARTY DISCLOSURES

Included within other debtors at 30 November 2023 is a loan of £121,113 (2022: £130,180) due to All City Media Limited from a company which is under common control.