Bamford Media Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 10793686

Bamford Media Ltd

Filleted Unaudited Financial Statements

31 May 2019

Bamford Media Ltd

Statement of Financial Position

31 May 2019

	2019	2018
Note	£	£

Current assets

Debtors	5	2,549	400
Cash at bank and in hand		3,137	8,638
		-------	-------
		5,686	9,038

Creditors: amounts falling due within one year	6	740	3,075
		-------	-------
Net current assets		4,946	5,963
		-------	-------
Total assets less current liabilities		4,946	5,963

Provisions	( 173)	–
	-------	-------
Net assets	5,119	5,963
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	5,019	5,863
	-------	-------
Shareholders funds	5,119	5,963
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bamford Media Ltd

Statement of Financial Position (continued)

31 May 2019

These financial statements were approved by the board of directors and authorised for issue on 27 January 2020 , and are signed on behalf of the board by:

Mr M Bamford

Director

Company registration number: 10793686

Bamford Media Ltd

Notes to the Financial Statements

Year ended 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sundial House, 20 High Street, Cranleigh, GU6 8AE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2018: 2 ).

5. Debtors

	2019	2018
	£	£
Trade debtors	2,449	300
Other debtors	100	100
	-------	----
	2,549	400
	-------	----

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	–	1,375
Other creditors	740	1,700
	----	-------
	740	3,075
	----	-------

7. Directors' advances, credits and guarantees

At the balance sheet date there was £65 owed to the company by the directors (2018: £65).