ES_BROADCAST_LTD - Accounts

ES MEDIA GROUP LIMITED - Company Information

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Company Registration No. 04614845 (England and Wales)

ES BROADCAST LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2016

ES BROADCAST LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ES BROADCAST LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2014

Notes

Fixed assets

Tangible assets

319,669

83,779

Investments

319,734

83,844

Current assets

Stocks

2,581,947

525,187

Debtors

797,392

1,055,426

Cash at bank and in hand

1,188,275

511,120

4,567,614

2,091,733

Creditors: amounts falling due within one year

(3,112,680)

(766,391)

Net current assets

1,454,934

1,325,342

Total assets less current liabilities

1,774,668

1,409,186

Creditors: amounts falling due after more than one year

(93,232)

Provisions for liabilities

(11,939)

1,681,436

1,397,247

Capital and reserves

Called up share capital

Profit and loss account

1,623,538

1,397,243

Shareholders' funds

1,681,436

1,397,247

ES BROADCAST LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 March 2017

Mr E P L Saunders

Director

Company Registration No. 04614845

ES BROADCAST LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Written off over 4-8 years

Fixtures, fittings & equipment

Written off over 4-8 years

Motor vehicles

Written off over 4-8 years

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ES BROADCAST LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

152,855

152,920

Additions

311,083

At 30 June 2016

463,938

464,003

Depreciation

At 1 January 2015

69,076

Charge for the period

75,193

At 30 June 2016

144,269

Net book value

At 30 June 2016

319,669

319,734

At 31 December 2014

83,779

83,844

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £113,553 (2014 - £55,418).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £93,232 (2014 - £0).

Share capital

2016

2014

Allotted, called up and fully paid

4 Ordinary shares of £1 each