Cross Media Limited - Accounts

CROSS MEDIA LIMITED - Company Information

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Registered Number: 02191760

England and Wales

CROSS MEDIA LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Cross Media Limited
Contents Page
For the year ended 31 March 2019

Company Information
Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

Cross Media Limited
Company Information
For the year ended 31 March 2019

Director	Mr Kazuhiro Marumo
Registered Number	02191760
Registered Office	14 Verebank Wimbledon Park Road London SW19 6PG
Accountants	P and Co LLP Chartered Accountants Unit 13 2 Artichoke Hill London E1W 2DE
Secretary	Mrs Masako Murakami Lopez
Bankers	Barclays Bank Plc Hanover Square Liecestershire Liecester LE87 2BB

Cross Media Limited Accountants' Report For the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cross Media Limited for the year ended 31 March 2019 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations. This report is made solely to the Board of Directors of Cross Media Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Cross Media Limited and state those matters that we have agreed to state to the Board of Directors of Cross Media Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cross Media Limited and its Board of Directors as a body, for our work or for this report. It is your duty to ensure that Cross Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of Cross Media Limited. You consider that Cross Media Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Cross Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. .................................................... P and Co LLP Chartered Accountants Unit 13 2 Artichoke Hill London E1W 2DE 05 November 2019 2

Cross Media Limited
Accountants' Report
For the year ended 31 March 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cross Media Limited for the year ended 31 March 2019 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Cross Media Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Cross Media Limited and state those matters that we have agreed to state to the Board of Directors of Cross Media Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cross Media Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Cross Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of Cross Media Limited. You consider that Cross Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cross Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

....................................................
P and Co LLP Chartered Accountants
Unit 13
2 Artichoke Hill
London
E1W 2DE
05 November 2019

Cross Media Limited
Statement of Financial Position
As at 31 March 2019

	Notes	2019 £	2018 £
Fixed assets
Tangible fixed assets	2	6,199	5,976
Investments	3	6,778	-
		12,977	5,976
Current assets
Debtors: amounts falling due within one year	4	396,120	284,740
Cash at bank and in hand		180,457	206,975
		576,577	491,715
Creditors: amount falling due within one year	5	(488,475)	(407,563)
Net current assets		88,102	84,152

Total assets less current liabilities		101,079	90,128
Creditors: amount falling due after more than one year	6	(16,748)	(29,024)
Net assets		84,331	61,104

Capital and reserves
Called up share capital	7	50,000	50,000
Profit and loss account		34,331	11,104
Shareholders funds		84,331	61,104

For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

Signed on behalf of the board of directors

--------------------------------
Mr Kazuhiro Marumo
Director

Date approved by the board: 04 November 2019

Cross Media Limited
Notes to the Financial Statements
For the year ended 31 March 2019

General Information

Cross Media Limited is a private company, limited by shares, registered in England and Wales, registration number 02191760, registration address 14 Verebank , Wimbledon Park Road, London, SW19 6PG.

The presentation currency is £ sterling

Accounting Policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	15% Reducing Balance
Office Equipment	15% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Tangible fixed assets

Cost	Fixtures and Fittings	Office Equipment	Total
	£	£	£
At 01 April 2018	2,003	9,184	11,187
Additions	-	1,293	1,293
Disposals	-	-	-
At 31 March 2019	2,003	10,477	12,480
Depreciation
At 01 April 2018	1,508	3,703	5,211
Charge for year	74	996	1,070
On disposals	-	-	-
At 31 March 2019	1,582	4,699	6,281
Net book values
Closing balance as at 31 March 2019	421	5,778	6,199
Opening balance as at 01 April 2018	495	5,481	5,976

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2018	-	-
Additions	6,778	6,778
Disposals	-	-
At 31 March 2019	6,778	6,778

Debtors: amounts falling due within one year

	2019 £	2018 £
Trade Debtors	109,020	80,044
Prepayments & Accrued Income	232,713	126,788
Deposits paid	21,551	24,469
Other Debtors	2,542	2,760
Corporation Tax	28,960	39,080
VAT	1,334	11,599
	396,120	284,740

Creditors: amount falling due within one year

	2019 £	2018 £
Trade Creditors	277,128	154,692
PAYE & Social Security	8,580	8,746
Accruals & Deferred Income	150,533	188,640
Other Creditors	3	-
Wages & Salaries Control Account	-	3,254
Directors' Current Accounts	52,231	52,231
	488,475	407,563

Creditors: amount falling due after more than one year

	2019 £		2018 £
Bank Loans & Overdrafts	16,748		29,024
	16,748		29,024

Share Capital

Authorised
50,000 Class A shares of £1.00 each

Allotted	2019 £		2018 £
50,000 Class A shares of £1.00 each	50,000		50,000
	50,000		50,000

8.	Average number of employees The average number of employees during the year is 26 (2018 : 24).