Company Registration No. 05732153 (England and Wales)
SE1 Media Limited
Unaudited accounts
for the year ended 31 March 2017
SE1 Media Limited
Unaudited accounts
Contents
SE1 Media Limited
Company Information
for the year ended 31 March 2017
Company Number
05732153 (England and Wales)
Registered Office
77 Stour Street
Canterbury
Kent
CT1.2NR
UK
SE1 Media Limited
Statement of financial position
as at 31 March 2017
Tangible assets
6,952
8,828
Cash at bank and in hand
137,265
42,857
Creditors: amounts falling due within one year
(72,650)
(51,833)
Net current assets
69,353
20,679
Total assets less current liabilities
76,305
29,507
Provisions for liabilities
Deferred tax
(1,321)
(1,766)
Called up share capital
100
100
Profit and loss account
64,894
17,651
Shareholders' funds
74,984
27,741
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 August 2017.
N R Hall
Director
Company Registration No. 05732153
SE1 Media Limited
Notes to the Accounts
for the year ended 31 March 2017
SE1 Media Limited is a private company, limited by shares, registered in England and Wales, registration number 05732153. The registered office and principal place of business is 77 Stour Street, Canterbury, Kent, CT1.2NR, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Work-in-progress is valued at net realisable value.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
SE1 Media Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Computer equipment
Trade debtors
4,738
29,655
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
4,268
5,712
Other taxes and social security costs
5,207
4,523
Loans from directors
35,260
510
Deferred income
8,992
37,742
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Operating lease commitments
2017
2016
At 31 March 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
SE1 Media Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Transactions with related parties
The balance on the directors` current accounts with the company at the balance sheet date were: N.R.Hall £35,260 credit (2016: £510 credit), P.Hall £Nil credit (2016: £Nil credit) owed by the company to the directors. These amounts owing are unsecured, interest free and repayable on demand, and were in credit throughout the year.
The ultimate owners of the company are Mr.N.R.Hall who owns 90% of the issued share capital and Mr.P.Hall who owns 10%.
11
Average number of employees
During the year the average number of employees was 5 (2016: 5).
12
Reconciliations on adoption of FRS 102
