Thames Street Media Limited - Period Ending 2020-09-30
Thames Street Media Limited - Period Ending 2020-09-30
Registration number:
Thames Street Media Limited
for the Year Ended 30 September 2020
Thames Street Media Limited
Contents
for the Year Ended 30 September 2020
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Thames Street Media Limited
Company Information
for the Year Ended 30 September 2020
Directors |
Mr William Royse Goodland Mr Richard Stuart Dines |
Company secretary |
Windsor Accountancy Limited |
Registered office |
|
Registered number |
07792638 ( England and Wales ) |
Accountants |
|
Thames Street Media Limited
(Registration number: 07792638)
Balance Sheet as at 30 September 2020
Note |
2020 |
2019 |
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
5,000 |
5,000 |
|
Share premium reserve |
165,000 |
165,000 |
|
Profit and loss account |
(127,577) |
(135,933) |
|
Shareholders' funds |
42,423 |
34,067 |
For the financial 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.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Thames Street Media Limited
(Registration number: 07792638)
Balance Sheet as at 30 September 2020
.........................................
Director
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
33% Straight line |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
25% Straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Intangible assets |
Internally generated software development costs |
Total |
|
Cost or valuation |
||
At 1 October 2019 |
|
|
At 30 September 2020 |
|
|
Amortisation |
||
At 1 October 2019 |
|
|
At 30 September 2020 |
|
|
Carrying amount |
||
At 30 September 2020 |
- |
- |
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 October 2019 |
|
|
At 30 September 2020 |
|
|
Depreciation |
||
At 1 October 2019 |
|
|
At 30 September 2020 |
|
|
Carrying amount |
||
At 30 September 2020 |
- |
- |
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Stocks |
2020 |
2019 |
|
Other inventories |
|
|
Debtors |
2020 |
2019 |
|
Other debtors |
|
- |
|
- |
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Creditors |
Creditors: amounts falling due within one year
2020 |
2019 |
|
Due within one year |
||
Taxation and social security |
- |
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2020 |
2019 |
|
Due after one year |
|||
Loans and borrowings |
|
- |
Loans and borrowings |
2020 |
2019 |
|
Non-current loans and borrowings |
||
Other borrowings |
|
- |
Thames Street Media Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2020
Related party transactions |
Transactions with directors |
2020 |
At 1 October 2019 |
Advances to directors |
Repayments by director |
At 30 September 2020 |
Mr Richard Stuart Dines |
||||
Amount owed by company to director |
|
|
( |
( |
Mr William Royse Goodland |
||||
Amount owed by company to director |
|
|
( |
( |
2019 |
At 1 October 2018 |
Advances to directors |
Repayments by director |
At 30 September 2019 |
Mr Richard Stuart Dines |
||||
Amount owed by company to director |
|
- |
( |
|
Mr William Royse Goodland |
||||
Amount owed by company to director |
|
|
( |
|