Response Global Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06123092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

RESPONSE GLOBAL MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Hay

H S Wheelan

D Brooksbank

M Quadakkers

SECRETARIES:

A C Hay

M Quadakkers

REGISTERED OFFICE:

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

BUSINESS ADDRESS:

Tower Bridge Business Centre

46-48 East Smithfield

London

E1W 1AW

REGISTERED NUMBER:

06123092 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

25,035

24,416

25,035

24,416

CURRENT ASSETS

Debtors

6

423,730

473,172

Cash at bank

648,412

1,215,614

1,072,142

1,688,786

CREDITORS

Amounts falling due within one year

7

931,536

1,071,967

NET CURRENT ASSETS

140,606

616,819

TOTAL ASSETS LESS CURRENT LIABILITIES

165,641

641,235

CAPITAL AND RESERVES

Called up share capital

99

99

Share premium

146,515

146,515

Capital redemption reserve

(25

)

-

Retained earnings

19,052

494,621

SHAREHOLDERS' FUNDS

165,641

641,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 16 December 2020 and were signed on its behalf by:

A C Hay - Director

H S Wheelan - Director

1.	STATUTORY INFORMATION

Response Global 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Sales of subscriptions are recognised over the period to which they relate. Sales relating to events are recognised in the month that the event takes place. Subscriptions and events that have not been recognised are included in the balance sheet as deferred income.

Intangible fixed 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. The intangible fixed asset relates to a website developed by the company to sell subscriptions.

The development costs of the website are being written off over their estimated useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

20% straight line

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2018 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2019

44,958

Disposals

(44,958

)

At 31 December 2019

-

AMORTISATION

At 1 January 2019

44,958

Eliminated on disposal

(44,958

)

At 31 December 2019

-

NET BOOK VALUE

At 31 December 2019

-

At 31 December 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2019

43,684

Additions

8,647

At 31 December 2019

52,331

DEPRECIATION

At 1 January 2019

19,268

Charge for year

8,028

At 31 December 2019

27,296

NET BOOK VALUE

At 31 December 2019

25,035

At 31 December 2018

24,416

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

162,682

365,196

Other debtors

35,886

18,343

Tax

64,176

-

Prepayments and accrued income

160,986

89,633

423,730

473,172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

31,185

37,257

Tax

28,547

81,850

Social security and other taxes

42,579

34,907

VAT

19,012

82,785

Other creditors

39,525

80,033

Accruals and deferred income

770,688

755,135

931,536

1,071,967