Anagram Media Limited Company Accounts

ANAGRAM MEDIA LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08822106

Anagram Media Limited

Filleted Unaudited Financial Statements

31 December 2018

Anagram Media Limited

Financial Statements

Year ended 31 December 2018

Contents	Pages

Balance sheet	1

Notes to the financial statements	2 to 4

Anagram Media Limited

Balance Sheet

31 December 2018

	2018		2017
Note	£	£	£

Current assets

Cash at bank and in hand	17,657		5,733

Creditors: amounts falling due within one year	6	( 3,421)		( 1,486)
		--------		-------
Net current assets			14,236	4,247
			--------	-------
Total assets less current liabilities			14,236	4,247
			--------	-------
Net assets			14,236	4,247
			--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	14,136	4,147
	--------	-------
Shareholders funds	14,236	4,247
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 June 2019 , and are signed on behalf of the board by:

Mr G R Mitchell
Director

Company registration number: 08822106

Anagram Media Limited

Notes to the Financial Statements

Year ended 31 December 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents fee income receivable for the period.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

During the year the company had 1 (2017 1) employee including the director.

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2018 and 31 December 2018	1,838	1,838
	-------	-------
Depreciation
At 1 January 2018 and 31 December 2018	1,838	1,838
	-------	-------
Carrying amount
At 31 December 2018	–	–
	-------	-------
At 31 December 2017	–	–
	-------	-------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Accruals and deferred income	612	612
Corporation tax	1,761	–
Director loan accounts	1,048	874
	-------	-------
	3,421	1,486
	-------	-------

7. Related party transactions

Included in creditors due within one year is a loan of £1,048 (2017: £874) from the director. This loan is interest-free and has no fixed repayment term.