Picturemedia Ltd - Accounts to registrar (filleted) - small 18.2
Picturemedia Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2019 |
| for |
| Picturemedia Ltd |
| Picturemedia Ltd (Registered number: 07398014) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2019 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Picturemedia Ltd (Registered number: 07398014) |
| Balance Sheet |
| 31 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| 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. |
| Picturemedia Ltd (Registered number: 07398014) |
| Balance Sheet - continued |
| 31 December 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Picturemedia Ltd (Registered number: 07398014) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2019 |
| 1. | Statutory information |
| Picturemedia Ltd is a |
| company's registered number and registered office address are as below: |
| Registered number: | 07398014 |
| Registered office: | BK.320 |
| Brickfields |
| 37 Cremer Street, Hoxton |
| London |
| E2 8HD |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
| Income and Retained Earnings, 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. |
| Picturemedia Ltd (Registered number: 07398014) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 2. | Accounting policies - continued |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Plant and |
| machinery |
| £ |
| Cost |
| At 1 January 2019 |
| and 31 December 2019 |
| Depreciation |
| At 1 January 2019 |
| and 31 December 2019 |
| Net book value |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | Fixed asset investments |
| Interest |
| in |
| associate |
| £ |
| Cost |
| At 1 January 2019 |
| and 31 December 2019 |
| Net book value |
| At 31 December 2019 |
| At 31 December 2018 |
| Picturemedia Ltd (Registered number: 07398014) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 6. | Debtors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' loan accounts | 161,869 | 24,585 |
| 7. | Creditors: amounts falling due within one year |
| 2019 | 2018 |
| £ | £ |
| Amounts owed to group undertakings |
| Corporation tax |
| Social security and other taxes |
| VAT | 1,123 | 5,945 |
| Other creditors |
| Accrued expenses |
| 8. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31 December 2019 |
| and 31 December 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| These advances were repaid in full by way of dividends declared on 4 March 2020. |
| Picturemedia Ltd (Registered number: 07398014) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 9. | Ultimate controlling party |
| The ultimate controlling party is |