| Man In Black Media Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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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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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 |
Exceptional items |
2024 |
|
2023 |
| £ |
|
Turnover attributable to geographical markets outside the UK - EU |
38.9% |
|
48.7% |
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|
- |
|
- |
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| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
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| 4 |
Tangible fixed assets |
|
|
|
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|
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
2,253 |
|
At 31 December 2024 |
2,253 |
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Depreciation |
|
At 1 January 2024 |
2,003 |
|
Charge for the year |
62 |
|
At 31 December 2024 |
2,065 |
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Net book value |
|
At 31 December 2024 |
188 |
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At 31 December 2023 |
250 |
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| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
1,873 |
|
- |
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| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
1,844 |
|
3,740 |
|
Other taxes and social security costs |
485 |
|
- |
|
Other creditors |
13,009 |
|
5,021 |
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|
|
15,338 |
|
8,761 |
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| 7 |
Controlling party |
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J. O Isles, a company director controls the company by virtue of holding 100% of the issued share capital. |
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| 8 |
Other information |
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Man In Black Media Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
24 Cydonia Way |
|
Wellingborough |
|
NN8 1FW |