Aviation Media Limited - Accounts to registrar (filleted) - small 18.2

Aviation Media Limited - Accounts to registrar (filleted) - small 18.2

AVIATION MEDIA LIMITED - Company Information

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REGISTERED NUMBER: 07777516 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2020

for

Aviation Media Limited
Aviation Media Limited (Registered number: 07777516)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aviation Media Limited

Company Information
for the Year Ended 30 September 2020







DIRECTOR: J M Lee





REGISTERED OFFICE: PO Box 448
13 Moatside
Feltham
TW13 9EA





REGISTERED NUMBER: 07777516 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA
Page 1
Aviation Media Limited (Registered number: 07777516)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 123,076 143,646
Property, plant and equipment 5 8,717 10,089
131,793 153,735

CURRENT ASSETS
Debtors 6 236,576 115,772
Prepayments and accrued income 14,994 14,994
Cash at bank 4,650 4,158
256,220 134,924
CREDITORS
Amounts falling due within one year 7 339,378 242,110
NET CURRENT LIABILITIES (83,158 ) (107,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
48,635
46,549

CREDITORS
Amounts falling due after more than one
year
8
(6,261
)
(17,500
)

PROVISIONS FOR LIABILITIES (1,656 ) (1,917 )
NET ASSETS 40,718 27,132

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 40,518 26,932
SHAREHOLDERS' FUNDS 40,718 27,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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...
Aviation Media Limited (Registered number: 07777516)

Balance Sheet - continued
30 September 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 9 September 2021 and were signed by:





J M Lee - Director


The notes form part of these financial statements

Page 3
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost, 25% on cost and 10% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

Page 4 continued...
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2019
and 30 September 2020 205,705
AMORTISATION
At 1 October 2019 62,059
Charge for year 20,570
At 30 September 2020 82,629
NET BOOK VALUE
At 30 September 2020 123,076
At 30 September 2019 143,646

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2019 73,700
Additions 4,395
At 30 September 2020 78,095
DEPRECIATION
At 1 October 2019 63,611
Charge for year 5,767
At 30 September 2020 69,378
NET BOOK VALUE
At 30 September 2020 8,717
At 30 September 2019 10,089

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 224,709 109,465
Other debtors 11,867 6,307
236,576 115,772

Page 5 continued...
Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Bank loans and overdrafts 23,022 45,936
Trade creditors 129,903 110,655
Taxation and social security 16,872 15,558
Other creditors 169,581 69,961
339,378 242,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.20 30.9.19
£    £   
Other creditors 6,261 17,500

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.20 30.9.19
£    £   
Bank loans - 35,000

Included in creditors is a loan for which the director J Lee has given a personal guarantee. The loan amount included in falling due within one year £17,500 (2019 £17,500) and falling due after more than one year nil (2019 £17,500).

Page 6