Eterna Media Limited - Limited company accounts 16.3
Eterna Media Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30th April 2017 |
| for |
| Eterna Media Limited |
| Eterna Media Limited (Registered number: 07867215) |
| Contents of the Financial Statements |
| for the Year Ended 30th April 2017 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Eterna Media Limited |
| Company Information |
| for the Year Ended 30th April 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| 28 Market Place |
| Grantham |
| Lincolnshire |
| NG31 6LR |
| Eterna Media Limited (Registered number: 07867215) |
| Report of the Director |
| for the Year Ended 30th April 2017 |
| The director presents his report with the financial statements of the company for the year ended 30th April 2017. |
| DIRECTOR |
| POLITICAL DONATIONS AND EXPENDITURE |
| No contributions to political organisations were made during the year. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
| relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Eterna Media Limited (Registered number: 07867215) |
| Income Statement |
| for the Year Ended 30th April 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT/(LOSS) | 4 | ( |
) |
| Interest receivable and similar income |
| 5,243 | (8,856 | ) |
| Interest payable and similar expenses |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss | ( |
) |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| Eterna Media Limited (Registered number: 07867215) |
| Balance Sheet |
| 30th April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| Eterna Media Limited (Registered number: 07867215) |
| Balance Sheet - continued |
| 30th April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the director on |
| Eterna Media Limited (Registered number: 07867215) |
| Notes to the Financial Statements |
| for the Year Ended 30th April 2017 |
| 1. | STATUTORY INFORMATION |
| Eterna Media Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computers & Office Equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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. |
| Eterna Media Limited (Registered number: 07867215) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | OPERATING PROFIT/(LOSS) |
| The operating profit (2016 - operating loss) is stated after charging: |
| 2017 | 2016 |
| £ | £ |
| Depreciation - owned assets |
| Goodwill amortisation |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1st May 2016 |
| and 30th April 2017 |
| AMORTISATION |
| At 1st May 2016 |
| Amortisation for year |
| At 30th April 2017 |
| NET BOOK VALUE |
| At 30th April 2017 |
| At 30th April 2016 |
| Eterna Media Limited (Registered number: 07867215) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 6. | TANGIBLE FIXED ASSETS |
| Computers |
| Plant and | Motor | & Office |
| machinery | vehicles | Equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st May 2016 |
| Additions |
| At 30th April 2017 |
| DEPRECIATION |
| At 1st May 2016 |
| Charge for year |
| At 30th April 2017 |
| NET BOOK VALUE |
| At 30th April 2017 |
| At 30th April 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Loyalty App - Loan Account | (3,716 | ) | (3,716 | ) |
| Trade creditors |
| Tax | ( |
) |
| Social security and other taxes |
| VAT | 27,492 | 24,146 |
| Other creditors |
| Directors' current accounts | 192,748 | 157,964 |
| Accrued expenses |
| Eterna Media Limited (Registered number: 07867215) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2017 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |