Registered number
14844538
AMAZE MEDIA LIMITED
Filleted Accounts
31 May 2024
AMAZE MEDIA LIMITED
Registered number: 14844538
Balance Sheet
as at 31 May 2024
Notes 2024
£
Current assets
Work in progress 2,106,903
Debtors 3 5,122,556
Cash at bank and in hand 1,225,076
8,454,535
Creditors: amounts falling due within one year 4 (8,471,109)
Net current liabilities (16,574)
Net liabilities (16,574)
Capital and reserves
Called up share capital 1
Profit and loss account (16,575)
Shareholders' funds (16,574)
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.
Darshita Mehta Gillies
Director
Approved by the board on 30 January 2025
AMAZE MEDIA LIMITED
Notes to the Accounts
for the period from 3 May 2023 to 31 May 2024
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).
Work in progress
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. The company started production of the British qualifying high end television programme tentatively titled as "Gandhi before India" (the HETV). The production cost of the HETV at the balance sheet date is carried forward as work in progress on the basis that it is deemed recoverable from the future income/revenue of the HETV.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 25
3 Debtors 2024
£
Prepaid expenses 4,970,608
VAT receivable 131,948
Other debtors 20,000
5,122,556
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 259,694
Advance for expenses 8,171,047
Taxation and social security costs 40,368
8,471,109
5 Controlling party
Mrs. Darshita Mehta Gillies, director and PSC of the Company is the ultimate controlling party.
6 Other information
AMAZE MEDIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
c/o Suite F
1-3 Canfield Place
London
NW6 3BT
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