VMI.TV (Bristol) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02602511 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

VMI.TV (Bristol) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Bassett

K Oaten

REGISTERED OFFICE:

Unit 7

Victoria Industrial Estate

Victoria Road

Acton

London

W3 6UU

REGISTERED NUMBER:

02602511 (England and Wales)

ACCOUNTANTS:

Oppenheims Chartered Accountants

Statutory Auditors

1a Waltham Court

Milley Lane

Reading

Berkshire

RG10 9AA

FIXED ASSETS

Tangible assets

4

175,593

241,777

CURRENT ASSETS

Debtors

5

252,888

178,181

Cash at bank

12,068

29,311

264,956

207,492

CREDITORS

Amounts falling due within one year

6

24,605

50,697

NET CURRENT ASSETS

240,351

156,795

TOTAL ASSETS LESS CURRENT LIABILITIES

415,944

398,572

CAPITAL AND RESERVES

Called up share capital

52,015

52,015

Capital redemption reserve

33,000

33,000

Retained earnings

330,929

313,557

SHAREHOLDERS' FUNDS

415,944

398,572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 10 September 2019 and were signed on its behalf by:

B Bassett - Director

K Oaten - Director

1.	STATUTORY INFORMATION

VMI.TV (Bristol) 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 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.

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

-

at varying rates 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

364,144

Additions

4,051

Disposals

(85,860

)

At 31 December 2018

282,335

DEPRECIATION

At 1 January 2018

122,367

Charge for year

58,490

Eliminated on disposal

(74,115

)

At 31 December 2018

106,742

NET BOOK VALUE

At 31 December 2018

175,593

At 31 December 2017

241,777

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

41,610

62,373

Amounts owed by group undertakings

205,643

109,924

Other debtors

5,635

5,884

252,888

178,181

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

-

13,551

Trade creditors

3,100

8,199

Taxation and social security

21,140

28,660

Other creditors

365

287

24,605

50,697