Company Registration No. 08288532 (England and Wales)
GOGLOBAL MEDIA LIMITED
Unaudited accounts
for the year ended 30 November 2024
GOGLOBAL MEDIA LIMITED
Unaudited accounts
Contents
GOGLOBAL MEDIA LIMITED
Company Information
for the year ended 30 November 2024
Directors
Richard Legg
Christina Mcdonald-Legg
Company Number
08288532 (England and Wales)
Registered Office
128 CITY ROAD
LONDON
EC1V 2NX
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
GOGLOBAL MEDIA LIMITED
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
97,340
117,422
Creditors: amounts falling due within one year
(3,055)
(10,904)
Net current assets
94,285
106,518
Total assets less current liabilities
94,712
107,394
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
94,551
107,148
Shareholders' funds
94,553
107,150
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by
Richard Legg
Director
Company Registration No. 08288532
GOGLOBAL MEDIA LIMITED
Notes to the Accounts
for the year ended 30 November 2024
GOGLOBAL MEDIA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08288532. The registered office is 128 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
GOGLOBAL MEDIA LIMITED
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
7,980
Loans from directors
2,636
2,325
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).