Primetime Media Group Ltd - Accounts to registrar (filleted) - small 18.2

Primetime Media Group Ltd - Accounts to registrar (filleted) - small 18.2

PRIMETIME MEDIA GROUP LTD - Company Information

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REGISTERED NUMBER: 06105265 (England and Wales)











PRIMETIME MEDIA GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020





AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG








PRIMETIME MEDIA GROUP LTD (REGISTERED NUMBER: 06105265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIMETIME MEDIA GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR:





REGISTERED OFFICE: 201 Haverstock Hill
London
NW3 4QG





REGISTERED NUMBER: 06105265 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG
Page 1
PRIMETIME MEDIA GROUP LTD (REGISTERED NUMBER: 06105265)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,775 63,575

CURRENT ASSETS
Debtors 5 265,617 294,382
Prepayments and accrued income 54,104 27,940
Cash at bank and in hand 514 67,451
320,235 389,773
CREDITORS
Amounts falling due within one year 6 251,503 202,921
NET CURRENT ASSETS 68,732 186,852
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,507
250,427

CREDITORS
Amounts falling due after more than one
year
7
59,861
146,000
NET ASSETS 63,646 104,427

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 63,596 104,377
SHAREHOLDERS' FUNDS 63,646 104,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
PRIMETIME MEDIA GROUP LTD (REGISTERED NUMBER: 06105265)

BALANCE SHEET - continued
31 DECEMBER 2020


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 director and authorised for issue on 13 September 2021 and were signed by:





- Director


The notes form part of these financial statements

Page 3
PRIMETIME MEDIA GROUP LTD (REGISTERED NUMBER: 06105265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Primetime Media Group Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 16 ) .

Page 4 continued...
PRIMETIME MEDIA GROUP LTD (REGISTERED NUMBER: 06105265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 192,837
Additions 37,209
Disposals (123,338 )
At 31 December 2020 106,708
DEPRECIATION
At 1 January 2020 129,262
Charge for year 46,009
Eliminated on disposal (123,338 )
At 31 December 2020 51,933
NET BOOK VALUE
At 31 December 2020 54,775
At 31 December 2019 63,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 70,455 99,220
Other debtors 195,162 195,162
265,617 294,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 7,181 -
Trade creditors 107,672 113,787
Taxation and social security 105,588 66,878
Other creditors 31,062 22,256
251,503 202,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 50,000 -
Other creditors 9,861 146,000
59,861 146,000

Page 5