Registered number
13030369
Bolly Media Limited
Filleted Accounts
For the period ended 30 Nov 2023
Bolly Media Limited
Registered number: 13030369
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 664 997
Current assets
Debtors 4 105 263
Cash at bank and in hand 121 521
226 784
Creditors: amounts falling due within one year 5 (13,720) (12,220)
Net current liabilities (13,494) (11,436)
Net liabilities (12,830) (10,439)
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,831) (10,440)
Shareholder's funds (12,830) (10,439)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pardeep Bakshi
Director
Approved by the board on 29 November 2024
Bolly Media Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 20% SLM
Going Concern
The accounts are prepared on a going concern basis notwithstanding the fact that the company balance sheet has a negative equity. The company director, who is owed by the company will not recall loan owed to him until the company turns into profitability and financially able to repay. Also, the company is in agreement with the creditors and director will continue to provide financial support to the company.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Office Equipment Office Equipment
£ £
Cost
At 1 December 2022 1,663 1,663
At 30 November 2023 1,663 1,663
Depreciation
At 1 December 2022 666 666
Charge for the year 333 333
At 30 November 2023 999 999
Net book value
At 30 November 2023 664 664
At 30 November 2022 997 997
4 Debtors 2022 2023
£ £
VAT recoverable 263 105
263 105
5 Creditors: amounts falling due within one year 2022 2023
£ £
Trade creditors 1,020 446
Other creditors 11,200 13,274
12,220 13,720
6 Other information
Bolly Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
59-60 Thames Street,
Windsor,
England,
SL4 1TX
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