PHA Media Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05385944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

PHA MEDIA LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

P D Hall

SECRETARY:

Mrs M Hall

REGISTERED OFFICE:

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

BUSINESS ADDRESS:

Room 131

Spaces

Chalfont Business Park

Gerrards Cross

Buckinghamshire

SL9 0BG

REGISTERED NUMBER:

05385944 (England and Wales)

ACCOUNTANTS:

M R Salvage Limited

Chartered Accountants

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

FIXED ASSETS

Tangible assets

4

192,071

119,741

CURRENT ASSETS

Debtors

1,173,300

979,777

Cash at bank and in hand

614,941

937,606

1,788,241

1,917,383

CREDITORS

Amounts falling due within one year

1,441,163

1,461,287

NET CURRENT ASSETS

347,078

456,096

TOTAL ASSETS LESS CURRENT LIABILITIES

539,149

575,837

PROVISIONS FOR LIABILITIES

19,667

13,376

NET ASSETS

519,482

562,461

CAPITAL AND RESERVES

Called up share capital

6

14

14

Share premium

29

29

Retained earnings

519,439

562,418

SHAREHOLDERS' FUNDS

519,482

562,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 27 October 2017 and were signed by:

P D Hall - Director

1.	STATUTORY INFORMATION

PHA 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements of the company for the year ended 31 March 2017 are the first financial

statements prepared in accordance with FRS 102.

The date of transition to FRS 102 was 1 April 2015. There were no adjustments on transition to FRS

102 from previous UK GAAP.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold property improvements

-

Over the length of the lease

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

The director has taken the decision this year to depreciate leasehold property improvements to the

end of the current lease.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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.

Financial instruments

The company uses certain financial instruments in its normal operating and investing activities, which

are deemed appropriate to its circumstances, such as trade receivables and payables and bank

balances. Financial assets and liabilities are recognised on the company's balance sheet when the

company has become a party to the contractual provisions of the instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

509,784

Additions

139,417

Disposals

(4,835

)

At 31 March 2017

644,366

DEPRECIATION

At 1 April 2016

390,043

Charge for year

65,505

Eliminated on disposal

(3,253

)

At 31 March 2017

452,295

NET BOOK VALUE

At 31 March 2017

192,071

At 31 March 2016

119,741

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

-

5,982

Between one and five years

1,057,723

1,088,138

In more than five years

-

260,000

1,057,723

1,354,120

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

£0.01

10

10

29

B Ordinary

£0.01

-

-

428

A Ordinary

£0.01

4

4

14

14

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

P D Hall

Balance outstanding at start of year

(1

)

4,868

Amounts repaid

(3,983

)

(4,869

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,984

)

(1

)

8.	POST BALANCE SHEET EVENTS

Since the year end Dividends of £91,425 have been approved for payment to Ordinary shareholders.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of PHA Media Limited for the year ended 31 March 2017 which comprise the Income

Statement, Abridged Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PHA Media Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PHA Media Limited and state those matters that we have agreed to state to the director of PHA Media Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PHA Media Limited director for our work or for this report.

It is your duty to ensure that PHA Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PHA Media Limited. You consider that PHA Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PHA Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M R Salvage Limited

Chartered Accountants

7/8 Eghams Court

Boston Drive

Bourne End

Buckinghamshire

SL8 5YS

30 October 2017