Outdoor Media Management Limited
Outdoor Media Management Limited
Registered number: 07877842
Unaudited Financial Statements
For The Year Ended 31 March 2018
Pennywise Accounting ltd
Dickhurst House
Rodgate Lane
Haslemere
Surrey
GU27 2EW
Outdoor Media Management Limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Outdoor Media Management Limited
Balance Sheet
As at
31 March 2018
Balance Sheet
Registered number:
07877842
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.
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 7 |
|
|
||
| Tangible Assets | 8 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors | 9 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 10 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | 11 |
( |
( |
||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 12 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 13 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 77,192 | 146,454 | |||
Page 1
Outdoor Media Management Limited
Balance Sheet (continued)
As at
31 March 2018
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
|
|
|
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Outdoor Media Management Limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
1.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
4.
Average Number of Employees
Average number of employees, including directors, during the year was 1 (2017:1)
Page 3
Outdoor Media Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
7.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at |
|
||
| As at |
|
||
| Amortisation | |||
| As at |
|
||
| Provided during the period |
|
||
| As at |
|
||
| Net Book Value | |||
| As at |
|
||
| As at |
|
||
8.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at |
|
|
|
|
| Additions |
|
|
|
|
| As at |
|
|
|
|
| Depreciation | ||||
| As at |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at |
|
|
|
|
| Net Book Value | ||||
| As at |
|
|
|
|
| As at |
|
|
|
|
Page 4
Outdoor Media Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
9.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,051 | (73) | |
|
|
|
||
| Due after more than one year | |||
| Other debtors | - | 102,396 | |
|
|
|
||
|
|
|
||
10.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Corporation tax |
|
|
|
| VAT |
|
|
|
| Other creditors |
|
|
|
| Director's loan account |
|
- | |
|
|
|
||
11.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Directors loan account |
|
|
|
| Long term loan | 490,006 | 465,048 | |
|
|
|
||
Page 5
Outdoor Media Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
12.
Deferred Taxation
Deferred taxation is provided on the liability method to take into account the timing differences between the treatment of certain items for accounts and tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Deferred tax |
|
|
|
|
|
|
||
14.
Dividends
15.
Controlling Party
The company's controlling party is Mr Timothy Thomas by virtue of his ownership of 57% of the issued share capital in the company.
16.
General Information
Outdoor Media Management Limited Registered number 07877842 is a limited by shares company incorporated in England & Wales. The Registered Office is Dickhurst House, Rodgate Lane, Haslemere, Surrey, GU27 2EW.
Page 6