E-Post Media Limited Filleted accounts for Companies House (small and micro)
E-Post Media Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05320903
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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------------ |
------------ |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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------------ |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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------------ |
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Total assets less current liabilities |
(
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Creditors: amounts falling due after more than one year |
9 |
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------------ |
--------- |
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Net liabilities |
(
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(
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------------ |
--------- |
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Capital and reserves
Called up share capital |
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Share premium account |
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Capital redemption reserve |
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Profit and loss account |
(
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(
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------------ |
--------- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
05320903
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Notes to the Financial Statements |
Year ended 31 March 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Noel Street, London, W1F 8GX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Covid-19 pandemic
The coronavirus pandemic has significantly disrupted individuals' personal lives and businesses' economic prospects in the UK and across the globe. The UK entered lockdown in March 2020 and some restrictions and social distancing provisions remain in place.
The effect of COVID-19 on the company has been reduced sales, working capital strain and lower resources. We were quick to implement remote working options and the directors would like to thank all staff for their energy and flexibility in responding to the crisis. Despite trading difficulties, we have managed cash to ensure that the business has continued to serve customers and to act responsibly with suppliers and employees.
We have prepared the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.
Going concern
Revenue recognition
Income tax
Foreign currencies
Operating leases
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Computer software licences |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Short leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Computer equipment |
- |
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Leased equipment |
- |
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Finance leases and hire purchase contracts
Government grants
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
75
(2021:
73
).
5.
Intangible assets
Computer software licences |
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£ |
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Cost |
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At 1 April 2021 |
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Additions |
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--------- |
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At 31 March 2022 |
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Amortisation |
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At 1 April 2021 |
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Charge for the year |
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--------- |
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At 31 March 2022 |
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--------- |
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Carrying amount |
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At 31 March 2022 |
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--------- |
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At 31 March 2021 |
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--------- |
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6.
Tangible assets
Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Computer equipment |
Leased equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Apr 2021 |
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Additions |
– |
– |
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--------- |
-------- |
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------------ |
------------ |
------------ |
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At 31 Mar 2022 |
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--------- |
-------- |
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Depreciation |
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At 1 Apr 2021 |
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Charge for the year |
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--------- |
-------- |
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At 31 Mar 2022 |
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Carrying amount |
||||||
At 31 Mar 2022 |
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--------- |
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At 31 Mar 2021 |
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7.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------------ |
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8.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes |
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Obligations under finance leases and hire purchase contracts |
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Other creditors |
14,586 |
14,223
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Other loans |
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------------ |
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9.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
|
£ |
£ |
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Bank loans and overdrafts |
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Obligations under finance leases and hire purchase contracts |
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Other Loans |
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------------ |
--------- |
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10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 |
2021 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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------------ |
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11.
Contingencies
12.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
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– |
– |
– |
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------- |
------- |
---- |
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(
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– |
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------- |
------- |
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2021 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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– |
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-------- |
-------- |
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(
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-------- |
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13.
Related party transactions