Bradley Dyer Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04429678 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

BRADLEY DYER MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B J C Dyer

SECRETARY:

S R Larkman

REGISTERED OFFICE:

EcoSpace House

9a Castlefield Road

Reigate

Surrey

RH2 0SA

REGISTERED NUMBER:

04429678 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

BANKERS:

Lloyds Bank PLC

11 High Street

Horley

Surrey

RH6 7BJ

FIXED ASSETS

Tangible assets

4

10,647

21,327

Investments

5

2

2

10,649

21,329

CURRENT ASSETS

Debtors

6

1,134,142

1,188,803

Cash at bank and in hand

720

17,666

1,134,862

1,206,469

CREDITORS

Amounts falling due within one year

7

788,250

814,970

NET CURRENT ASSETS

346,612

391,499

TOTAL ASSETS LESS CURRENT LIABILITIES

357,261

412,828

CREDITORS

Amounts falling due after more than one year

8

297,759

421,472

NET ASSETS/(LIABILITIES)

59,502

(8,644

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,402

(8,744

)

SHAREHOLDERS' FUNDS

59,502

(8,644

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 March 2020 and were signed by:

B J C Dyer - Director

1.	STATUTORY INFORMATION

Bradley Dyer 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

Going concern

The Company entered a Company Voluntary Arrangement (CVA) with its creditors on the 21st July 2017. The

creditors agreed an extended period to repay the liability (see note 11).

These accounts have been prepared on the going concern basis, on the understanding that the directors have

reviewed the going concern for twelve months from the date of the accounts and the directors and shareholders

will continue to financially support the company along with the company's ability to fulfill the CVA terms.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2018 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2018

and 30 June 2019

48,864

3,579

83,248

135,691

DEPRECIATION

At 1 July 2018

44,642

716

69,006

114,364

Charge for year

1,826

716

8,138

10,680

At 30 June 2019

46,468

1,432

77,144

125,044

NET BOOK VALUE

At 30 June 2019

2,396

2,147

6,104

10,647

At 30 June 2018

4,222

2,863

14,242

21,327

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2018

and 30 June 2019

43,384

83,248

126,632

DEPRECIATION

At 1 July 2018

44,642

69,006

113,648

Charge for year

(1,258

)

8,138

6,880

At 30 June 2019

43,384

77,144

120,528

NET BOOK VALUE

At 30 June 2019

-

6,104

6,104

At 30 June 2018

(1,258

)

14,242

12,984

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 30 June 2019

2

NET BOOK VALUE

At 30 June 2019

2

At 30 June 2018

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

583,127

779,487

Amounts owed by group undertakings

355,554

207,803

Other debtors

195,461

201,513

1,134,142

1,188,803

Included with Other debtors is a balance of £29,257 in respect of the s455 tax repayable. This is not expected to

be repaid with in the next 12 months.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

23,479

-

Hire purchase contracts (see note 9)

6,714

7,325

Trade creditors

338,042

214,775

Amounts owed to group undertakings

48,598

108,355

Tax

4,645

24,902

Social security and other taxes

54,023

57,994

VAT

101,664

121,855

Other creditors

63,225

62,956

Amounts owed under CVA

(see note 11)

116,999

82,000

Accrued expenses

30,861

134,808

788,250

814,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts (see note 9)

-

6,714

Amounts owed under CVA

(see note 11)

297,759

414,758

297,759

421,472

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2019

2018

£

£

Net obligations repayable:

Within one year

6,714

7,325

Between one and five years

-

6,714

6,714

14,039

Non-cancellable operating

leases

2019

2018

£

£

Within one year

68,270

72,883

Between one and five years

146,250

198,270

In more than five years

-

16,250

214,520

287,403

10.	OTHER FINANCIAL COMMITMENTS

On the 21 July 2017 the company entered into a Company Voluntary Arrangement (CVA) under the supervision of

White Maund. An arrangement has been agreed that the company will pay £551,759 (revised) to the creditors, of

which £137,000 has been paid by 30 June 2019, under the CVA, over a period of 6 years.

The payment plan is for the company to make no fewer than 72 monthly voluntary contributions of

Year 1: £5,000 x 12

Year 2: £7,000 x 12

Year 3,4,5 & 6 : £10,000 x 12

All monthly payments are up to date. The return to creditors is expected to be 100p/£.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end, the director, B J C Dyer, owed the company £90,022 (2018: £75,731). Interest is charged at

2.5% per annum on any overdrawn balance. The loan is unsecured and has no fixed repayment terms.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J C Dyer.