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IT WORKS MEDIA LTD - Company Information

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Registered number: 08175058

It Works Media Ltd

Unaudited Financial Statements

for the year ended 31 August 2019

Statement of Financial Position

as at 31 August 2019

2019

2018

Called up share capital not paid

Fixed assets

5,289

6,169

Current assets

52,528

104,839

Prepayments and accrued income

Creditors: amounts falling due within one year

( 41,287 )

( 45,958 )

Net current assets (liabilities)

11,241

58,881

Total assets less current liabilities

16,530

65,050

Creditors: amounts falling due after more than one year

( 6,851 )

Provisions for liabilities

Accruals and deferred income

Net assets

16,530

58,199

Capital and reserves

16,530

58,199

08175058 2018-09-01 2019-08-31 08175058 2017-09-01 2018-08-31 08175058 2019-08-31 08175058 2018-08-31 08175058 2018-09-01 08175058 uk-frs102:WithinOneYear 2019-08-31 08175058 uk-frs102:AfterOneYear 2019-08-31 08175058 uk-frs102:WithinOneYear 2018-08-31 08175058 uk-frs102:AfterOneYear 2018-08-31 08175058 uk-bus:AuditExempt-NoAccountantsReport 2018-09-01 2019-08-31 08175058 uk-bus:AbbreviatedAccounts 2018-09-01 2019-08-31 08175058 uk-bus:Director1 1 2018-09-01 2019-08-31 08175058 uk-bus:Director1 2018-09-01 2019-08-31 08175058 uk-bus:Director1 1 2018-09-01 08175058 uk-bus:Director1 1 2019-08-31 08175058 uk-bus:Micro-entities 2018-09-01 2019-08-31 08175058 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31 iso4217:GBP 08175058 countries:EnglandWales 2018-09-01 2019-08-31 08175058 uk-bus:RegisteredOffice 2018-09-01 2019-08-31

Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 7.

3. Directors’ benefits: advances, credit and guarantees

Steven Pritchard

During the accounting year Steven Pritchard, a director of the company received an advance from the company that was repaid by 31/08/2019.

The following conditions are attached to advances payable by Steven Pritchard:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid to the company.

Opening balance 01/09/2018	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/08/2019
£	£	£	£	£	£	£
0	( 14,719 ) ( 14,719 )	14,719 14,719	0	0	0	0

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/08/2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts