| Ten Alps Communications Limited |
| Registered number: |
03136090 |
| Balance Sheet |
| as at 31 December 2020 |
| 31 December |
30 June |
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
6,100 |
|
|
42,427 |
|
| Current assets |
| Inventories |
|
|
66,723 |
|
|
64,964 |
| Debtors and other receivables |
5 |
|
817,926 |
|
|
948,938 |
| Cash at bank and in hand |
|
|
234,752 |
|
|
175,242 |
|
|
|
1,119,401 |
|
|
1,189,144 |
|
| Creditors: amounts falling due within one year |
6 |
|
(1,668,838) |
|
|
(1,649,261) |
|
| Net current liabilities |
|
|
|
(549,437) |
|
|
(460,117) |
|
| Net liabilities |
|
|
|
(543,337) |
|
|
(417,690) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
49,420 |
|
|
49,420 |
| Share premium |
|
|
|
174,253 |
|
|
174,253 |
| Other reserves |
7 |
|
|
12,313,810 |
|
|
12,313,810 |
| Profit and loss account |
|
|
|
(13,080,820) |
|
|
(12,955,173) |
|
| Shareholders' funds |
|
|
|
(543,337) |
|
|
(417,690) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| W Sawyer |
| Director |
| Approved by the board on 17 September 2021 |
|
| Ten Alps Communications Limited |
| Notes to the Accounts |
| for the period from 1 July 2019 to 31 December 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Revenue is recognised in the accounting year in which the goods or services are rendered by reference to stage of completion of the specific transaction assessed based on the actual service provided as a proportion of the total services to be provided
Publishing: advertising revenue is recognised on the date publications are dispatched to customers.
Online: revenue is recognised at the point of delivery or fulfilment for single/discrete services
When a service consists of one or more of the above named elements, the value of the service is attributed to the different elements and the revenue recognition criteria are applied to each component seperately. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Inventories |
|
Inventories and and work in progress are valued at the lower of cost and net realisable value. Work in progress comprises cumulative costs incurred in relation to unpublished titles, less provision for contingencies and anticipated future losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
39 |
|
44 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 July 2019 |
126,507 |
|
At 31 December 2020 |
126,507 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2019 |
126,507 |
|
At 31 December 2020 |
126,507 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2020 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Fixtures, fittings and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2019 |
9,021 |
|
1,426,172 |
|
1,435,193 |
|
Disposals |
- |
|
(32,000) |
|
(32,000) |
|
At 31 December 2020 |
9,021 |
|
1,394,172 |
|
1,403,193 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2019 |
9,021 |
|
1,383,745 |
|
1,392,766 |
|
Charge for the period |
- |
|
4,327 |
|
4,327 |
|
At 31 December 2020 |
9,021 |
|
1,388,072 |
|
1,397,093 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2020 |
- |
|
6,100 |
|
6,100 |
|
At 30 June 2019 |
- |
|
42,427 |
|
42,427 |
|
|
| 5 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade debtors |
779,723 |
|
894,967 |
|
Prepayments and accrued income |
|
|
|
|
25,600 |
|
53,871 |
|
Other debtors |
12,603 |
|
100 |
|
|
|
|
|
|
817,926 |
|
948,938 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Trade creditors |
127,852 |
|
137,126 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
829,885 |
|
945,324 |
|
Taxation and social security costs |
248,943 |
|
117,061 |
|
Accruals and deferred income |
428,328 |
|
424,388 |
|
Other creditors |
33,830 |
|
25,362 |
|
|
|
|
|
|
1,668,838 |
|
1,649,261 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other reserves |
2020 |
|
2019 |
| £ |
£ |
|
|
At beginning of period |
12,313,810 |
|
12,313,810 |
|
|
At end of period |
12,313,810 |
|
12,313,810 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Events after the reporting date |
|
|
The name of the Company was changed from Ten Alps Communicate Limited to Zinc Communicate Productions Limited effective 26 March 2021. |
|
|
| 9 |
Related party transactions |
|
|
The company has taken advantage of the exemption in FRS 102.33.1A not to disclose related party transactions with Zinc Media Group plc and fellow wholly-owned subsidiary undertakings of Zinc Media Group plc, which prepares publicly available consolidated financial statements (see note 22) |
|
|
| 10 |
Controlling party |
|
|
The Company is a subsidiary of Zinc Media Group plc, a company incorporated in Scotland, which is the ultimate parent undertaking.
Copies of its group accounts, which include the company, are available from www.zincmedia.com.
Zinc Media Group plc is the parent undertaking of the smallest and the largest group to consolidate these financial accounts. |
|
|
| 11 |
Other information |
|
|
Ten Alps Communications Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Kings House Royal Court |
|
Brook Street |
|
Macclesfield |
|
SK11 7AE |
