Company Registration No. 08159160 (England and Wales)
Notion Media Ltd
Unaudited accounts
for the year ended 31 July 2018
Notion Media Ltd
Unaudited accounts
Contents
Notion Media Ltd
Company Information
for the year ended 31 July 2018
Directors
David James Burns
Debora Cristina Burns
Company Number
08159160 (England and Wales)
Registered Office
Unit K1005 The Cooperage
91 Brick Lane
London
E1 6QL
Accountants
Niall O'Driscoll FCMA CGMA
OD Accountants Ltd
Suite 213, The Pillbox, 115 Coventry Rd
Bethnal Green
London
E2 6GG
Notion Media Ltd
Statement of financial position
as at 31 July 2018
Tangible assets
14,464
10,378
Cash at bank and in hand
-
12,963
Creditors: amounts falling due within one year
(96,417)
(78,998)
Net current liabilities
(14,249)
(6,473)
Called up share capital
2
2
Profit and loss account
213
3,903
Shareholders' funds
215
3,905
For the year ending 31 July 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 10 October 2018.
David James Burns
Director
Company Registration No. 08159160
Notion Media Ltd
Notes to the Accounts
for the year ended 31 July 2018
Notion Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 08159160. The registered office is Unit K1005 The Cooperage, 91 Brick Lane, London , E1 6QL.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2017
2,227
572
13,817
16,616
Additions
-
-
10,986
10,986
At 31 July 2018
2,227
572
24,803
27,602
At 1 August 2017
558
286
5,394
6,238
Charge for the year
556
143
6,201
6,900
At 31 July 2018
1,114
429
11,595
13,138
At 31 July 2018
1,113
143
13,208
14,464
At 31 July 2017
1,669
286
8,423
10,378
Notion Media Ltd
Notes to the Accounts
for the year ended 31 July 2018
Trade debtors
81,780
59,562
Accrued income and prepayments
388
-
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
39,998
-
Obligations under finance leases and hire purchase contracts
2,583
-
Trade creditors
5,227
11,637
Taxes and social security
43,967
60,066
Other creditors
1,302
2,219
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 4 (2017: 6).
