Aviation Media Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07777516 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Aviation Media Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

61,363

81,934

Property, plant and equipment

5

1,291

3,509

62,654

85,443

CURRENT ASSETS

Debtors

6

755,232

419,392

Prepayments and accrued income

83,637

74,772

Cash at bank

9,638

-

848,507

494,164

CREDITORS

Amounts falling due within one year

7

731,008

484,550

NET CURRENT ASSETS

117,499

9,614

TOTAL ASSETS LESS CURRENT LIABILITIES

180,153

95,057

CREDITORS

Amounts falling due after more than one year

8

(116,563

)

(142,886

)

PROVISIONS FOR LIABILITIES

11

(247

)

(666

)

NET ASSETS/(LIABILITIES)

63,343

(48,495

)

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

63,093

(48,745

)

SHAREHOLDERS' FUNDS

63,343

(48,495

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 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 10 June 2024 and were signed by:

J M Lee - Director

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 5 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2022

and 30 September 2023

205,705

AMORTISATION

At 1 October 2022

123,771

Charge for year

20,571

At 30 September 2023

144,342

NET BOOK VALUE

At 30 September 2023

61,363

At 30 September 2022

81,934

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 October 2022

and 30 September 2023

79,235

DEPRECIATION

At 1 October 2022

75,726

Charge for year

2,218

At 30 September 2023

77,944

NET BOOK VALUE

At 30 September 2023

1,291

At 30 September 2022

3,509

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

683,943

385,182

Other debtors

71,289

34,210

755,232

419,392

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans and overdrafts (see note 9)

31,386

36,719

Trade creditors

483,039

305,559

Taxation and social security

125,928

40,521

Other creditors

90,655

101,751

731,008

484,550

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.23

30.9.22

£

£

Bank loans (see note 9)

38,667

54,667

Other creditors

77,896

88,219

116,563

142,886

9.

LOANS

An analysis of the maturity of loans is given below:

30.9.23

30.9.22

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

15,386

20,719

Bank loans

16,000

16,000

31,386

36,719

Amounts falling due between two and five years:

Bank loans - 2-5 years

38,667

54,667

Included in Creditors is a loan in which the director J Lee has given a personal guarantee. The loan amounts are disclosed as follows, due within one year £16,000 and falling due after more than one year of £38,667.

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

£

£

Bank loan

54,667

70,667

The bank loan is secured by a fixed and floating charge over all of the company assets and a personal guarantee provided by the director.

11.	PROVISIONS FOR LIABILITIES

30.9.23

30.9.22

£

£

Deferred tax

Accelerated capital allowances

247

666

Deferred

tax

£

Balance at 1 October 2022

666

Provided during year

(419

)

Balance at 30 September 2023

247

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a loan was advanced to the director. As at the year end the balance was £68,582. £42,052 was repaid post year end.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J M Lee.