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

REGISTERED NUMBER: 09166524 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Gallagher Media Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

10,615

9,905

Cash at bank

12,121

1,167

22,736

11,072

CREDITORS

Amounts falling due within one year

5

13,721

8,892

NET CURRENT ASSETS

9,015

2,180

TOTAL ASSETS LESS CURRENT LIABILITIES

9,015

2,180

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,915

2,080

SHAREHOLDERS' FUNDS

9,015

2,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 10 May 2019 and were signed by:

C D Lee - Director

1.	STATUTORY INFORMATION

Gallagher Media Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

09166524

Registered office:

South Staffs Freight Building

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

1,600

-

Other debtors

9,015

9,905

10,615

9,905

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Taxation and social security

10,072

7,092

Other creditors

3,649

1,800

13,721

8,892

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 August 2018 and 31 August 2017:

31.8.18

31.8.17

£

£

C D Lee

Balance outstanding at start of year

9,905

(13,248

)

Amounts advanced

4,950

40,782

Amounts repaid

(9,059

)

(17,629

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,796

9,905