GZ Digital Media UK Limited - Accounts to registrar (filleted) - small 18.1
GZ Digital Media UK Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
FOR |
GZ DIGITAL MEDIA UK LIMITED |
GZ DIGITAL MEDIA UK LIMITED (REGISTERED NUMBER: 04362027) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GZ DIGITAL MEDIA UK LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 December 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
GZ DIGITAL MEDIA UK LIMITED (REGISTERED NUMBER: 04362027) |
BALANCE SHEET |
31 December 2017 |
31.12.17 | 31.12.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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 |
GZ DIGITAL MEDIA UK LIMITED (REGISTERED NUMBER: 04362027) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2017 |
1. | STATUTORY INFORMATION |
GZ Digital Media UK Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis in light of the fact that the parent company, GZ Media AS, |
will continue to provide financial support to GZ Digital Media UK Limited for the foreseeable future and in any event for at |
least one year and one day from the date of the audit report. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
owned subsidiaries within the group. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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. |
Foreign currencies |
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 rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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 |
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. |
GZ DIGITAL MEDIA UK LIMITED (REGISTERED NUMBER: 04362027) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2017 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not |
have any Other Financial Instruments, as covered by Section 12 of FRS 102. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors & accruals |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
value: | £ | £ |
Ordinary | £1 | 40,000 | 40,000 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
We would like to draw your attention to the following statement contained within our audit report as included within the full |
financial statements:- |
"This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the |
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters |
we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, |
we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our |
audit work, for this report, or for the opinions we have formed." |
GZ DIGITAL MEDIA UK LIMITED (REGISTERED NUMBER: 04362027) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2017 |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr Z Pelc by virtue of his 100% ownership of Earthglobe Limited. |
9. | ULTIMATE PARENT COMPANY |
The immediate parent company is GZ Media AS, a company incorporated in the Czech Republic, by virtue of its 100% |
shareholding in the company. The ultimate parent company is Earthglobe Limited, a company incorporated in Cyprus. |