Aviation Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07777516 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Aviation Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Lee

REGISTERED OFFICE:

PO Box 448

13 Moatside

Feltham

TW13 9EA

REGISTERED NUMBER:

07777516 (England and Wales)

ACCOUNTANTS:

Robbins

176 Monton Road

Monton

Greater Manchester

M30 9GA

FIXED ASSETS

Intangible assets

4

77,050

88,904

Property, plant and equipment

5

25,467

40,112

102,517

129,016

CURRENT ASSETS

Debtors

6

101,868

248,659

Prepayments and accrued income

41,754

-

Cash at bank

8,091

3,425

151,713

252,084

CREDITORS

Amounts falling due within one year

7

186,475

377,649

NET CURRENT LIABILITIES

(34,762

)

(125,565

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,755

3,451

CREDITORS

Amounts falling due after more than one year

8

(35,000

)

(44,450

)

PROVISIONS FOR LIABILITIES

(4,839

)

-

NET ASSETS/(LIABILITIES)

27,916

(40,999

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

27,716

(41,199

)

27,916

(40,999

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 25 April 2019 and were signed by:

J M Lee - Director

1.	STATUTORY INFORMATION

Aviation Media Limited is a private company, limited by shares , 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

118,539

AMORTISATION

At 1 October 2017

29,635

Charge for year

11,854

At 30 September 2018

41,489

NET BOOK VALUE

At 30 September 2018

77,050

At 30 September 2017

88,904

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 October 2017

66,381

Additions

5,591

At 30 September 2018

71,972

DEPRECIATION

At 1 October 2017

26,269

Charge for year

20,236

At 30 September 2018

46,505

NET BOOK VALUE

At 30 September 2018

25,467

At 30 September 2017

40,112

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

86,102

142,164

Other debtors

15,766

106,495

101,868

248,659

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Bank loans and overdrafts (see note 9)

5,126

22,817

Trade creditors

106,082

175,650

Taxation and social security

10,964

7,149

Other creditors

64,303

172,033

186,475

377,649

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Other creditors

35,000

44,450

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.18

30.9.17

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

5,126

22,817

Included in Creditors is a loan in which the director J Lee has given a personal guarantee. The loan amounts

are disclosed as follows, due within one year £17,500 and falling due after more than one year of £35,000.