Registered number
09293738
Media Ally Ltd
Filleted Accounts
30 November 2023
Media Ally Ltd
Registered number: 09293738
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 19,528 19,528
Cash at bank and in hand - 8
19,528 19,536
Creditors: amounts falling due within one year 4 (27,615) (26,932)
Net current liabilities (8,087) (7,396)
Net liabilities (8,087) (7,396)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (9,087) (8,396)
Shareholders' funds (8,087) (7,396)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Gaurav Kumar Kaushal
Director
Approved by the board on 30 November 2024
Media Ally Ltd
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Going Concern
The Accounts of the company have been prepared on the going concern basis even the balance sheet has negative equity, as the director of the company has confirmed that they will not recall the loans owed to the company untill it turns into a profitable organisation.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Trade debtors 205 205
Advance to supplier 19,323 19,323
19,528 19,528
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - -
Other creditors 27,615 26,932
27,615 26,932
5 Other information
Media Ally Ltd is a private company limited by shares and incorporated in England. Its registered office is:
International House
24 Holborn Viaduct
London
EC1A 2BN
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