Sportsmedia GB Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC352774 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2016 to 30 September 2017

for

Sportsmedia GB Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Aniello

SECRETARY:

Miss D M Aniello

REGISTERED OFFICE:

Unit 1a

Muir Road

Houston Industrial Estate

Livingston

West Lothian

EH54 5DR

REGISTERED NUMBER:

SC352774 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

4

75,403

99,142

CURRENT ASSETS

Debtors

5

38,980

66,693

Cash at bank

40,320

10,206

79,300

76,899

CREDITORS

Amounts falling due within one year

6

654,163

665,620

NET CURRENT LIABILITIES

(574,863

)

(588,721

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(499,460

)

(489,579

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(509,460

)

(499,579

)

SHAREHOLDERS' FUNDS

(499,460

)

(489,579

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

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 20 June 2018 and were signed by:

P Aniello - Director

1.	STATUTORY INFORMATION

Sportsmedia GB Ltd is a private company, limited by shares , registered in Scotland. 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.

The company relies on the support of its creditors to meet its day to day working capital requirements. On the

basis that this support will continue for the foreseeable future the directors consider it appropriate to prepare the

accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

278,731

Additions

28,771

At 30 September 2017

307,502

DEPRECIATION

At 1 April 2016

179,589

Charge for period

52,510

At 30 September 2017

232,099

NET BOOK VALUE

At 30 September 2017

75,403

At 31 March 2016

99,142

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

31.3.16

£

£

Trade debtors

16,200

20,692

Other debtors

22,780

46,001

38,980

66,693

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

31.3.16

£

£

Taxation and social security

15,582

2,266

Other creditors

638,581

663,354

654,163

665,620