| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 July 2024 |
| for |
| Reliable Media |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES | - | - |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Reliable Media (Registered number: 12082923) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2024 |
| 1. | STATUTORY INFORMATION |
| Reliable Media is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.24 | 31.7.23 |
| (Unaudited) |
| £ | £ |
| Trade creditors |
| Directors' current accounts | 755 | - |
| Accruals and deferred income |
| Accrued expenses |
| 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. |
| for and on behalf of |
| 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. |