Company Registration No. 07545487 (England and Wales)
Media House Global Limited
Unaudited accounts
for the year ended 31 December 2023
Media House Global Limited
Unaudited accounts
Contents
Media House Global Limited
Company Information
for the year ended 31 December 2023
Directors
Arika Murtza
Amardeep S Gill
Company Number
07545487 (England and Wales)
Registered Office
C/O Accountancy Managers Limited
164 New Cavendish Street
London
W1W 6YT
Media House Global Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
62,510
126,569
Creditors: amounts falling due within one year
(57,622)
(73,241)
Net current assets
121,023
107,289
Net assets
122,009
108,915
Called up share capital
100
100
Profit and loss account
121,909
108,815
Shareholders' funds
122,009
108,915
For the year ending 31 December 2023 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Arika Murtza
Director
Company Registration No. 07545487
Media House Global Limited
Notes to the Accounts
for the year ended 31 December 2023
Media House Global Limited is a private company, limited by shares, registered in England and Wales, registration number 07545487. The registered office is C/O Accountancy Managers Limited, 164 New Cavendish Street, London, W1W 6YT.
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.
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
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Media House Global Limited
Notes to the Accounts
for the year ended 31 December 2023
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
65,614
53,440
Accrued income and prepayments
521
521
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,506
3,519
Taxes and social security
30,207
34,580
Other creditors
2,028
2,021
Loans from directors
350
18,210
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Media House Global Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Transactions with related parties
During the period interim dividends of £89,600 (2022: £97,060) were paid to the directors.
Included in other creditors are the amounts of £190 (2022: £9,120) and £160 (2022: £9,090) owed by the company to Miss Arika Murtza and Mr Amardeep S Gill respectively.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).