Online Advertising Services Ltd Company accounts
Online Advertising Services Ltd Company accounts
COMPANY REGISTRATION NUMBER:
08206019
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Financial Statements |
Year ended 30 September 2020
Contents |
Page |
Strategic report |
1 |
Director's report |
2 |
Statement of comprehensive income |
3 |
Statement of financial position |
4 |
Statement of changes in equity |
5 |
Notes to the financial statements |
6 |
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Strategic Report |
Year ended 30 September 2020
This report was approved by the board of directors on 9 May 2021 and signed on behalf of the board by:
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Director |
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Registered office: |
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Director's Report |
Year ended 30 September 2020
The director presents his report and the unaudited financial statements of the company for the year ended
30 September 2020
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Directors
The directors who served the company during the year were as follows:
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(Appointed
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(Resigned
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Dividends
Particulars of recommended dividends are detailed in note 6 to the financial statements.
This report was approved by the board of directors on
9 May 2021
and signed on behalf of the board by:
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Director |
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Registered office: |
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Statement of Comprehensive Income |
Year ended 30 September 2020
2020 |
2019 |
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Note |
£ |
£ |
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Turnover |
4 |
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-------- |
-------- |
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Gross profit |
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Distribution costs |
– |
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Administrative expenses |
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-------- |
-------- |
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Operating profit |
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-------- |
-------- |
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Profit before taxation |
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Tax on profit |
5 |
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------- |
------- |
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Profit for the financial year and total comprehensive income |
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------- |
------- |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Current assets
Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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-------- |
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Net current (liabilities)/assets |
(
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------- |
------- |
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Total assets less current liabilities |
(
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------- |
------- |
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Net (liabilities)/assets |
(
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Capital and reserves
Called up share capital |
10 |
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– |
Share premium account |
11 |
– |
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Profit and loss account |
11 |
(
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Shareholders (deficit)/funds |
(
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------- |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
9 May 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
08206019
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Statement of Changes in Equity |
Year ended 30 September 2020
Called up share capital |
Share premium account |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 October 2018 |
– |
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Profit for the year |
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---- |
---- |
------- |
------- |
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Total comprehensive income for the year |
– |
– |
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Dividends paid and payable |
6 |
– |
– |
(
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(
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---- |
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------- |
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Total investments by and distributions to owners |
– |
– |
(
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(
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At 30 September 2019 |
– |
– |
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Profit for the year |
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------- |
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Total comprehensive income for the year |
– |
– |
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Issue of shares |
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– |
– |
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Dividends paid and payable |
6 |
– |
– |
(
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(
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---- |
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Total investments by and distributions to owners |
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– |
(
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(
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---- |
---- |
-------- |
-------- |
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At 30 September 2020 |
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– |
(
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(
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---- |
---- |
-------- |
-------- |
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Notes to the Financial Statements |
Year ended 30 September 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5.
Tax on profit
Major components of tax expense
2020 |
2019 |
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£ |
£ |
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Current tax:
UK current tax expense |
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---- |
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Tax on profit |
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------- |
---- |
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6.
Dividends
7.
Tangible assets
Fixtures and fittings |
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£ |
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Cost |
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At 1 October 2019 and 30 September 2020 |
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------- |
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Depreciation |
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At 1 October 2019 and 30 September 2020 |
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------- |
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Carrying amount |
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At 30 September 2020 |
– |
------- |
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At 30 September 2019 |
– |
------- |
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8.
Debtors
2020 |
2019 |
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£ |
£ |
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Other debtors |
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---- |
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9.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
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Director loan accounts |
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-------- |
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10.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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– |
– |
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– |
---- |
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Shares issued and partly paid
2020 |
2019 |
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No. |
£ |
No. |
£ |
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– |
– |
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1 |
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11.
Reserves