In Ur Face Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06641249 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

In Ur Face Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J Bunce

R H B Boydell

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

06641249 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Tangible assets

4

461,023

459,170

Investments

5

142,309

50

603,332

459,220

CURRENT ASSETS

Stocks

280,500

66,350

Debtors

6

1,215,209

272,108

Cash at bank

235,754

562,117

1,731,463

900,575

CREDITORS

Amounts falling due within one year

7

1,243,659

619,197

NET CURRENT ASSETS

487,804

281,378

TOTAL ASSETS LESS CURRENT LIABILITIES

1,091,136

740,598

PROVISIONS FOR LIABILITIES

8,988

8,089

NET ASSETS

1,082,148

732,509

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,082,048

732,409

SHAREHOLDERS' FUNDS

1,082,148

732,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 8 January 2020 and were signed on its behalf by:

J J Bunce - Director

1.	STATUTORY INFORMATION

In Ur Face 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 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.

25 Riverside Business Centre

-

2% on cost

Advertising equipment

-

33.33% on reducing balance basis

Fixtures and fittings

-

15% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Screens and computer equipment

-

33.33% on reducing balance basis

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

25

Riverside

Fixtures

Business

Advertising

and

Centre

equipment

fittings

£

£

£

COST

At 1 September 2018

422,313

22,203

6,558

Additions

-

-

1,220

At 31 August 2019

422,313

22,203

7,778

DEPRECIATION

At 1 September 2018

5,717

21,372

2,941

Charge for year

8,447

277

726

At 31 August 2019

14,164

21,649

3,667

NET BOOK VALUE

At 31 August 2019

408,149

554

4,111

At 31 August 2018

416,596

831

3,617

Screens

and

Motor

computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2018

16,480

62,790

530,344

Additions

-

33,027

34,247

At 31 August 2019

16,480

95,817

564,591

DEPRECIATION

At 1 September 2018

7,210

33,934

71,174

Charge for year

2,318

20,626

32,394

At 31 August 2019

9,528

54,560

103,568

NET BOOK VALUE

At 31 August 2019

6,952

41,257

461,023

At 31 August 2018

9,270

28,856

459,170

5.	FIXED ASSET INVESTMENTS

Interest

Interest

in other

in

participating

associate

interests

Totals

£

£

£

COST

At 1 September 2018

50

-

50

Additions

-

142,259

142,259

At 31 August 2019

50

142,259

142,309

NET BOOK VALUE

At 31 August 2019

50

142,259

142,309

At 31 August 2018

50

-

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,201,640

244,315

Other debtors

3,819

-

Bauer Digital Limted

-

18,602

BBG Energy (UK) Ltd

180

180

VAT

-

831

Prepayments

9,570

8,180

1,215,209

272,108

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

111,538

167,586

Tax

124,868

60,406

Social security and other taxes

8,348

4,805

VAT

105,701

-

Other creditors

1,038

524

American Express CC

10,765

1,148

LTSB credit card

257

892

Submarine Safaris

217,260

223,980

Amounts due to shareholders

-

9,628

Directors' loan accounts

105,770

40,853

Deferred income

329,800

103,314

Accrued expenses

228,314

6,061

1,243,659

619,197

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £172,900 were paid to the directors .

During the year, the company made an interest free loan to Bauer Digital Limited, in which the company holds

33.33% of the issued share capital as referred to in note 8. At 31 August 2018, the balance of this loan amounted

to £NIL (2018: £18,602).