Aviation Media Limited - Accounts to registrar (filleted) - small 18.2

Aviation Media Limited - Accounts to registrar (filleted) - small 18.2

AVIATION MEDIA LIMITED - Company Information

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REGISTERED NUMBER: 07777516 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Aviation Media Limited
Aviation Media Limited (Registered number: 07777516)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aviation Media Limited

Company Information
for the Year Ended 30 September 2019







DIRECTOR: J M Lee





REGISTERED OFFICE: PO Box 448
13 Moatside
Feltham
TW13 9EA





REGISTERED NUMBER: 07777516 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA
Page 1
Aviation Media Limited (Registered number: 07777516)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 143,646 77,050
Property, plant and equipment 5 10,089 25,467
153,735 102,517

CURRENT ASSETS
Debtors 6 115,772 101,868
Prepayments and accrued income 14,994 41,754
Cash at bank 4,158 8,091
134,924 151,713
CREDITORS
Amounts falling due within one year 7 242,110 186,475
NET CURRENT LIABILITIES (107,186 ) (34,762 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,549
67,755

CREDITORS
Amounts falling due after more than one
year
8
(17,500
)
(35,000
)

PROVISIONS FOR LIABILITIES (1,917 ) (4,839 )
NET ASSETS 27,132 27,916

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 26,932 27,716
SHAREHOLDERS' FUNDS 27,132 27,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Aviation Media Limited (Registered number: 07777516)

Balance Sheet - continued
30 September 2019


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 and authorised for issue on 5 August 2020 and were signed by:





J M Lee - Director


The notes form part of these financial statements

Page 3
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Aviation 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on 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.

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.

Page 4 continued...
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2018 118,539
Additions 87,166
At 30 September 2019 205,705
AMORTISATION
At 1 October 2018 41,489
Charge for year 20,570
At 30 September 2019 62,059
NET BOOK VALUE
At 30 September 2019 143,646
At 30 September 2018 77,050

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2018 71,972
Additions 1,728
At 30 September 2019 73,700
DEPRECIATION
At 1 October 2018 46,505
Charge for year 17,106
At 30 September 2019 63,611
NET BOOK VALUE
At 30 September 2019 10,089
At 30 September 2018 25,467

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 109,465 86,102
Other debtors 6,307 15,766
115,772 101,868

Page 5 continued...
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Bank loans and overdrafts 45,936 5,126
Trade creditors 110,655 106,082
Taxation and social security 15,558 10,964
Other creditors 69,961 64,303
242,110 186,475

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.19 30.9.18
£    £   
Other creditors 17,500 35,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.19 30.9.18
£    £   
Bank loans 35,000 52,500

Included in creditors is a loan for which the director J Lee has given a personal guarantee. The loan amount
included in falling due within one year £17,500 (2018 £17,500) and falling due after more than one year
£17,500 (2018 £35,000).

Page 6