Echo Digital Media Limited - Accounts to registrar (filleted) - small 18.2

Echo Digital Media Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v19.3.0.619 07384798 Board of Directors Board of Directors 1.3.18 28.2.19 28.2.19 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073847982018-02-28073847982019-02-28073847982018-03-012019-02-28073847982017-02-28073847982017-03-012018-02-28073847982018-02-2807384798ns15:EnglandWales2018-03-012019-02-2807384798ns14:PoundSterling2018-03-012019-02-2807384798ns10:Director12018-03-012019-02-2807384798ns10:Director22018-03-012019-02-2807384798ns10:PrivateLimitedCompanyLtd2018-03-012019-02-2807384798ns10:SmallEntities2018-03-012019-02-2807384798ns10:AuditExempt-NoAccountantsReport2018-03-012019-02-2807384798ns10:SmallCompaniesRegimeForDirectorsReport2018-03-012019-02-2807384798ns10:SmallCompaniesRegimeForAccounts2018-03-012019-02-2807384798ns10:FullAccounts2018-03-012019-02-280738479812018-03-012019-02-2807384798ns5:CurrentFinancialInstruments2019-02-2807384798ns5:CurrentFinancialInstruments2018-02-2807384798ns5:ShareCapital2019-02-2807384798ns5:ShareCapital2018-02-2807384798ns5:RetainedEarningsAccumulatedLosses2019-02-2807384798ns5:RetainedEarningsAccumulatedLosses2018-02-2807384798ns5:NetGoodwill2018-03-012019-02-2807384798ns5:IntangibleAssetsOtherThanGoodwill2018-03-012019-02-2807384798ns5:FurnitureFittings2018-03-012019-02-2807384798ns5:NetGoodwill2018-02-2807384798ns5:NetGoodwill2019-02-2807384798ns5:NetGoodwill2018-02-2807384798ns5:FurnitureFittings2018-02-2807384798ns5:FurnitureFittings2019-02-2807384798ns5:FurnitureFittings2018-02-2807384798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-02-2807384798ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-2807384798ns10:Director112018-02-2807384798ns10:Director112017-02-2807384798ns10:Director112018-03-012019-02-2807384798ns10:Director112017-03-012018-02-2807384798ns10:Director112019-02-2807384798ns10:Director112018-02-28


REGISTERED NUMBER: 07384798 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

ECHO DIGITAL MEDIA LIMITED

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019










Page

Balance Sheet 1

Notes to the Financial Statements 3


ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

BALANCE SHEET
28 FEBRUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,432 6,214
13,432 6,214

CURRENT ASSETS
Debtors 6 154,166 114,092
Cash at bank 150,600 136,907
304,766 250,999
CREDITORS
Amounts falling due within one year 7 96,132 79,289
NET CURRENT ASSETS 208,634 171,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,066

177,924

PROVISIONS FOR LIABILITIES 2,552 1,181
NET ASSETS 219,514 176,743

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,414 176,643
SHAREHOLDERS' FUNDS 219,514 176,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

BALANCE SHEET - continued
28 FEBRUARY 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2019 and were signed on its behalf
by:




Mr. P. A. Callaghan - Director



Mr. R. Thornton - Director


ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019


1. STATUTORY INFORMATION

Echo Digital Media Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 07384798

Registered office: Barrington House
41 - 45 Yarm Lane
Stockton-on-Tees
TS18 3EA

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of work done, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and computer equipment - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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.


ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2019


2. ACCOUNTING POLICIES - continued
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 year 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 year was 12 (2018 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2018
and 28 February 2019 1,500
AMORTISATION
At 1 March 2018
and 28 February 2019 1,500
NET BOOK VALUE
At 28 February 2019 -
At 28 February 2018 -

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2019


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
computer
equipment
£   
COST
At 1 March 2018 23,831
Additions 11,658
At 28 February 2019 35,489
DEPRECIATION
At 1 March 2018 17,617
Charge for year 4,440
At 28 February 2019 22,057
NET BOOK VALUE
At 28 February 2019 13,432
At 28 February 2018 6,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 65,880 53,523
Corporation tax 81,942 40,228
Directors' loan accounts 2 10,002
Prepayments and accrued income 6,342 10,339
154,166 114,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 19,984 12,692
Social security and other taxes 6,980 6,083
VAT 25,435 24,047
Other creditors 18,723 16,068
Accrued expenses 25,010 20,399
96,132 79,289

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2019


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2019 and
28 February 2018:

2019 2018
£    £   
Mr. P. A. Callaghan
Balance outstanding at start of year 10,002 6,252
Amounts advanced - 42,500
Amounts repaid (10,000 ) (38,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2 10,002