Pr Mediaco Limited - Accounts to registrar (filleted) - small 18.1

Pr Mediaco Limited - Accounts to registrar (filleted) - small 18.1

PRM GLOBAL LTD - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.2.30 08213137 Board of Directors 1.9.16 31.8.17 31.8.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082131372016-08-31082131372017-08-31082131372016-09-012017-08-31082131372015-08-31082131372015-09-012016-08-31082131372016-08-3108213137ns15:EnglandWales2016-09-012017-08-3108213137ns14:PoundSterling2016-09-012017-08-3108213137ns10:Director12016-09-012017-08-3108213137ns10:PrivateLimitedCompanyLtd2016-09-012017-08-3108213137ns10:SmallEntities2016-09-012017-08-3108213137ns10:AuditExempt-NoAccountantsReport2016-09-012017-08-3108213137ns10:SmallCompaniesRegimeForDirectorsReport2016-09-012017-08-3108213137ns10:SmallCompaniesRegimeForAccounts2016-09-012017-08-3108213137ns10:FullAccounts2016-09-012017-08-3108213137ns10:Director22016-09-012017-08-3108213137ns10:RegisteredOffice2016-09-012017-08-3108213137ns5:CurrentFinancialInstruments2017-08-3108213137ns5:CurrentFinancialInstruments2016-08-3108213137ns5:ShareCapital2017-08-3108213137ns5:ShareCapital2016-08-3108213137ns5:RetainedEarningsAccumulatedLosses2017-08-3108213137ns5:RetainedEarningsAccumulatedLosses2016-08-3108213137ns5:PlantMachinery2016-09-012017-08-3108213137ns5:PlantMachinery2016-08-3108213137ns5:PlantMachinery2017-08-3108213137ns5:PlantMachinery2016-08-3108213137ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-3108213137ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-08-31


REGISTERED NUMBER: 08213137 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

PR MEDIACO LIMITED
PR MEDIACO LIMITED (REGISTERED NUMBER: 08213137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PR MEDIACO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







DIRECTORS: Mrs S Panayiotaki
Mr A Konstantinou





REGISTERED OFFICE: 1 Kings Avenue
Winchmore Hill
London
N21 3NA





REGISTERED NUMBER: 08213137 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA
Page 1
PR MEDIACO LIMITED (REGISTERED NUMBER: 08213137)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,082 13,472

CURRENT ASSETS
Debtors 5 89,659 59,544
Cash at bank and in hand 114,803 108,504
204,462 168,048
CREDITORS
Amounts falling due within one year 6 107,779 127,737
NET CURRENT ASSETS 96,683 40,311
TOTAL ASSETS LESS CURRENT
LIABILITIES
108,765
53,783

PROVISIONS FOR LIABILITIES 2,296 -
NET ASSETS 106,469 53,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 106,369 53,683
106,469 53,783

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 May 2018 and were signed on its behalf by:





Mrs S Panayiotaki - Director


The notes form part of these financial statements

Page 2
PR MEDIACO LIMITED (REGISTERED NUMBER: 08213137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1. STATUTORY INFORMATION

Pr Mediaco 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date
of transition to FRS 102 Section 1A is 1 September 2015.

As there is no impact of the transition on the financial statements of the company, the reconciliation of equity
and profit and loss is not considered necessary.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period or in the period of the revision and future periods where the revision affects both current and future
periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance.

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 statement of financial position date.


Page 3 continued...
PR MEDIACO LIMITED (REGISTERED NUMBER: 08213137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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
statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short
term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly
liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant
risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in
profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes
recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2016 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 September 2016 20,558
Additions 2,621
At 31 August 2017 23,179
DEPRECIATION
At 1 September 2016 7,086
Charge for year 4,011
At 31 August 2017 11,097
NET BOOK VALUE
At 31 August 2017 12,082
At 31 August 2016 13,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 39,986 13,531
Other debtors 49,673 46,013
89,659 59,544

Page 4 continued...
PR MEDIACO LIMITED (REGISTERED NUMBER: 08213137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 16,087 24,657
Taxation and social security 43,630 22,086
Other creditors 48,062 80,994
107,779 127,737

7. OTHER FINANCIAL COMMITMENTS

The company has annual commitments under non-cancellable operating leases of £26,284 for the next 3 years.

Page 5