Media Ally Ltd |
Notes to the Accounts |
for the year ended 30 November 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Going Concern |
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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. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
205 |
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205 |
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Advance to supplier |
19,323 |
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19,323 |
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|
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19,528 |
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19,528 |
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4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Bank loans and overdrafts |
- |
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- |
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Other creditors |
27,615 |
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26,932 |
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27,615 |
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26,932 |
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5 |
Other information |
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Media Ally Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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International House |
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24 Holborn Viaduct |
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London |
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EC1A 2BN |