Company Registration No. 05732153 (England and Wales)
SE1 Media Limited
Unaudited accounts
for the year ended 31 March 2018
SE1 Media Limited
Unaudited accounts
Contents
SE1 Media Limited
Company Information
for the year ended 31 March 2018
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 2018
Tangible assets
6,057
6,952
Cash at bank and in hand
96,778
137,265
Creditors: amounts falling due within one year
(155,250)
(72,650)
Net current assets
73,176
69,353
Total assets less current liabilities
79,233
76,305
Provisions for liabilities
Deferred tax
(1,151)
(1,321)
Called up share capital
100
100
Profit and loss account
67,992
64,894
Shareholders' funds
78,082
74,984
For the year ending 31 March 2018 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 29 July 2018.
N R Hall
Director
Company Registration No. 05732153
SE1 Media Limited
Notes to the Accounts
for the year ended 31 March 2018
SE1 Media Limited is a private company, limited by shares, registered in England and Wales, registration number 05732153. The registered office 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets, as applicable
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 2018
4
Tangible fixed assets
Computer equipment
Trade debtors
131,648
4,738
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
7,519
4,268
Taxes and social security
27,225
18,837
Loans from directors
37,010
35,260
Deferred income
62,494
8,992
7
Deferred taxation
2018
2017
Accelerated capital allowances
1,151
1,321
Provision at start of year
1,321
1,766
Credited to the profit and loss account
(170)
(445)
Provision at end of year
1,151
1,321
SE1 Media Limited
Notes to the Accounts
for the year ended 31 March 2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
1,408
2,049
10
Transactions with related parties
The balance on the directors` current accounts with the company at the balance sheet date were: N.R.Hall £37,010 credit (2017: £35,260 credit), P.Hall £Nil credit (2017: £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%.
12
Average number of employees
During the year the average number of employees was 4 (2017: 5).
