FLAGSHIP MEDIA GROUP LTD

FLAGSHIP MEDIA GROUP LTD

FLAGSHIP MEDIA GROUP LTD - Company Information

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FLAGSHIP MEDIA GROUP LTD

Company Registration Number:
NI030646 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

FLAGSHIP MEDIA GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

FLAGSHIP MEDIA GROUP LTD

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 1,156,894 1,973,232
Total fixed assets: 1,156,894 1,973,232
Current assets
Debtors:   12,790 57,307
Cash at bank and in hand: 486,082 515,538
Total current assets: 498,872 572,845
Creditors: amounts falling due within one year: 4 (486,619) (998,885)
Net current assets (liabilities): 12,253 (426,040)
Total assets less current liabilities: 1,169,147 1,547,192
Creditors: amounts falling due after more than one year:   (62,080) (76,696)
Total net assets (liabilities): 1,107,067 1,470,496
Capital and reserves
Called up share capital: 10,001 10,001
Profit and loss account: 1,097,066 1,460,495
Shareholders funds: 1,107,067 1,470,496

The notes form part of these financial statements

FLAGSHIP MEDIA GROUP LTD

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 June 2022
and signed on behalf of the board by:

Name: Mr D G Carstairs
Status: Director

The notes form part of these financial statements

FLAGSHIP MEDIA GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

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:Freehold Buildings - Over 50 years Fixtures and fittings - 25% straight line Motor vehicles - 25% straight line

FLAGSHIP MEDIA GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 60 75

FLAGSHIP MEDIA GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
At 01 July 2020 2,667,222
Additions 25,800
Disposals (807,226)
At 30 June 2021 1,885,796
Depreciation
At 01 July 2020 693,990
Charge for year 45,075
On disposals (10,163)
At 30 June 2021 728,902
Net book value
At 30 June 2021 1,156,894
At 30 June 2020 1,973,232

FLAGSHIP MEDIA GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Creditors: amounts falling due within one year note

Bank of Ireland hold a fixed charge over Unit C2, Westbank Business Park, 6 West Bank Drive, Belfast, County Antrim.

FLAGSHIP MEDIA GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

5. Loans to directors

During the year the director advanced loans to the company amounting to £3,229 (2020: £Nil). The loan is interest free and repayable on demand.