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

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


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REGISTERED NUMBER: 07384798 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2019 TO 31 JANUARY 2020

FOR

ECHO DIGITAL MEDIA LIMITED

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2019 TO 31 JANUARY 2020










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

ABRIDGED BALANCE SHEET
31 JANUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,535 13,432
10,535 13,432

CURRENT ASSETS
Debtors 149,850 154,166
Cash at bank 177,822 150,600
327,672 304,766
CREDITORS
Amounts falling due within one year 55,091 96,132
NET CURRENT ASSETS 272,581 208,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,116

222,066

PROVISIONS FOR LIABILITIES 2,002 2,552
NET ASSETS 281,114 219,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281,014 219,414
SHAREHOLDERS' FUNDS 281,114 219,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2020 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)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2020


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31 January 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 7 July 2020 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 PERIOD 1 MARCH 2019 TO 31 JANUARY 2020


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 period 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 PERIOD 1 MARCH 2019 TO 31 JANUARY 2020


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 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.

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 13 (2019 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2019
and 31 January 2020 1,500
AMORTISATION
At 1 March 2019
and 31 January 2020 1,500
NET BOOK VALUE

At 31 January 2020 -
At 28 February 2019 -

ECHO DIGITAL MEDIA LIMITED (REGISTERED NUMBER: 07384798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2019 TO 31 JANUARY 2020


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2019 35,489
Additions 2,449
At 31 January 2020 37,938
DEPRECIATION
At 1 March 2019 22,057
Charge for period 5,346
At 31 January 2020 27,403
NET BOOK VALUE
At 31 January 2020 10,535
At 28 February 2019 13,432