Company Registration No. 11273703 (England and Wales)
Output Media Group Limited
Unaudited accounts
for the year ended 31 March 2024
Output Media Group Limited
Unaudited accounts
Contents
Output Media Group Limited
Company Information
for the year ended 31 March 2024
Company Number
11273703 (England and Wales)
Registered Office
77 MILSON ROAD
WEST KENSINGTON
LONDON
W14 0LH
United Kingdom
Accountants
Murugesu Associates
77 Milson Road
West Kensington
London
W14 0LH
Output Media Group Limited
Statement of financial position
as at 31 March 2024
Tangible assets
37,469
16,723
Cash at bank and in hand
10,364
20,896
Creditors: amounts falling due within one year
(110,079)
(78,018)
Net current liabilities
(64,715)
(27,122)
Total assets less current liabilities
(27,246)
(10,399)
Creditors: amounts falling due after more than one year
(29,452)
(9,306)
Net liabilities
(56,698)
(19,705)
Called up share capital
1
1
Profit and loss account
(56,699)
(19,706)
Shareholders' funds
(56,698)
(19,705)
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 5 October 2024 and were signed on its behalf by
Leonard Bryan
Director
Company Registration No. 11273703
Output Media Group Limited
Notes to the Accounts
for the year ended 31 March 2024
Output Media Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11273703. The registered office is 77 MILSON ROAD, WEST KENSINGTON, LONDON, W14 0LH, United Kingdom.
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.
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:
Motor vehicles
25% on a reducing balance
Computer equipment
10% on cost
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
22,681
6,500
29,181
Disposals
(22,681)
-
(22,681)
At 31 March 2024
45,538
6,500
52,038
At 1 April 2023
9,923
2,535
12,458
Charge for the year
11,384
650
12,034
On disposals
(9,923)
-
(9,923)
At 31 March 2024
11,384
3,185
14,569
At 31 March 2024
34,154
3,315
37,469
At 31 March 2023
12,758
3,965
16,723
Output Media Group Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,189
-
Trade creditors
13,988
3,674
Taxes and social security
2,165
(1,452)
Loans from directors
89,861
66,968
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,418
-
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).