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Registered number: 14699408
Admedia Digital Labs Ltd
Financial Statements
For the Period 2 March 2023 to 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14699408
31 March 2024
Notes £ £
CURRENT ASSETS
Debtors 4 4,881
Cash at bank and in hand 7,006
11,887
Creditors: Amounts Falling Due Within One Year 5 (8,532 )
NET CURRENT ASSETS (LIABILITIES) 3,355
TOTAL ASSETS LESS CURRENT LIABILITIES 3,355
NET ASSETS 3,355
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 3,255
SHAREHOLDERS' FUNDS 3,355
For the period 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Danny Khoshnood
Director
02/12/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Admedia Digital Labs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14699408 . The registered office is 21 Aylmer Parade, Aylmer Road, London, N2 0AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax is recognised in profit or loss for the period, except when it relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax is recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
31 March 2024
£
Due within one year
Other debtors 4,881
5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 2,459
Taxation and social security 6,073
8,532
Page 2
Page 3
6. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 3