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REGISTERED NUMBER: 12082923 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Reliable Media

Reliable Media (Registered number: 12082923)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Reliable Media

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Ms L El-Khouri
Ms A P Hall
R C Wilson
Dr A J Parsons
M J Ainsworth
Ms S Mills





REGISTERED OFFICE: 3rd Floor Suite
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 12082923 (England and Wales)





AUDITORS: Adroit Auditing Ltd
Unit 8, Dock-Offices,
Surrey Quays Road,
London
SE16 2XU

Reliable Media (Registered number: 12082923)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
(Unaudited)
Notes £    £   
CURRENT ASSETS
Debtors 4 - 4,361
Cash at bank 107,940 2,722
107,940 7,083
CREDITORS
Amounts falling due within one year 5 107,940 7,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





R C Wilson - Director


Reliable Media (Registered number: 12082923)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Reliable Media is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Grants and donations are recognised in the Income and Expenditure Account to the extent that the related eligible expenditure has been incurred. Income received in advance of the corresponding expenditure is treated as deferred income and presented as a liability in the Statement of Financial Position.

Financial instruments
The Company recognises financial instruments when it becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair value, including transaction costs, and are subsequently measured at amortised cost using the effective interest method.

Financial Assets
Financial assets include cash at bank and other receivables. These are held at amortised cost and reviewed for impairment at each reporting date.

Financial Liabilities
Financial liabilities include trade creditors, directors’ current accounts, accruals, and other payables. These are initially recognised at fair value and subsequently measured at amortised cost. The Company derecognises financial liabilities when the contractual obligations are discharged, cancelled, or expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Reliable Media (Registered number: 12082923)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
(Unaudited)
£    £   
Prepayments and accrued income - 4,361

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
(Unaudited)
£    £   
Trade creditors 3,442 -
Directors' current accounts 755 -
Accruals and deferred income 84,271 6,507
Accrued expenses 19,472 576
107,940 7,083

Grants and donations that are subject to specific conditions regarding their use are recognised as deferred income when received in advance of those conditions being met. These amounts are recorded as liabilities in the Statement of Financial Position until the conditions have been fulfilled, at which point the income is recognised in the Income and Expenditure Account.

During the year, previously deferred income of £4,441.28 was recognised as income, while grants and donations amounting to £84,271.48 have been carried forward as deferred income at the reporting date.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hassan Sheikh (Senior Statutory Auditor)
for and on behalf of Adroit Auditing Ltd

7. RELATED PARTY DISCLOSURES

The following director has been identified as related party. Details of their declared interests are as follows:

Name Role Declared Interest
Mr. Richard Wilson Director During the year, the Company made total payments
amounting to £28,620 to Mr. Richard Wilson under a
consultancy agreement, in respect of services provided as
Community Organiser, Digital Campaigner, and Strategic
Lead. In addition, Mr. Richard Wilson incurred expenses of
£755 on behalf of the Company.

The company acknowledges this relationship and ensures that all transactions involving related party are in the best interest of the company
.
No other financial transactions were conducted with related party.