Company Registration No. SC544857 (Scotland)
Spey Media Limited
Unaudited accounts
for the year ended 30 September 2020
Spey Media Limited
Unaudited accounts
Contents
Spey Media Limited
Company Information
for the year ended 30 September 2020
Director
Jennifer Robertson
Company Number
SC544857 (Scotland)
Registered Office
Unit 5 Horizon Scotland Enterprise Park
Forres
IV36 2AB
United Kingdom
Accountants
Sheryl Dyer
19 Hedge Road
Garmouth
Fochabers
IV32 7NU
Spey Media Limited
Statement of financial position
as at 30 September 2020
Tangible assets
31,207
4,188
Cash at bank and in hand
19,891
(292)
Creditors: amounts falling due within one year
(138,020)
(47,388)
Net current liabilities
(25,650)
(12,540)
Net assets/(liabilities)
5,557
(8,352)
Called up share capital
1
1
Profit and loss account
5,556
(8,353)
Shareholders' funds
5,557
(8,352)
For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2020 and were signed on its behalf by
Jennifer Robertson
Director
Company Registration No. SC544857
Spey Media Limited
Notes to the Accounts
for the year ended 30 September 2020
Spey Media Limited is a private company, limited by shares, registered in Scotland, registration number SC544857. The registered office is Unit 5 Horizon Scotland Enterprise Park, Forres, IV36 2AB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2019
-
2,859
7,174
10,033
Additions
34,329
2,421
4,104
40,854
At 30 September 2020
34,329
5,280
11,278
50,887
At 1 October 2019
-
993
4,852
5,845
Charge for the year
8,582
1,237
4,016
13,835
At 30 September 2020
8,582
2,230
8,868
19,680
At 30 September 2020
25,747
3,050
2,410
31,207
At 30 September 2019
-
1,866
2,322
4,188
Spey Media Limited
Notes to the Accounts
for the year ended 30 September 2020
Trade debtors
54,912
33,571
Other debtors
37,567
1,569
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
50,000
-
Trade creditors
42,973
4,231
Taxes and social security
5,701
43,078
7
Average number of employees
During the year the average number of employees was 8 (2019: 8).
