Tom Hayton Digital Media Limited Filleted accounts for Companies House (small and micro)

TOM HAYTON DIGITAL MEDIA LIMITED - Company Information

1 false false false false false false false false false true false false false false false false No description of principal activity 2019-03-01 Sage Accounts Production Advanced 2020 - FRS102_2019 10,186 8,828 986 9,814 372 1,358 xbrli:pure xbrli:shares iso4217:GBP 07947478 2019-03-01 2020-02-29 07947478 2020-02-29 07947478 2019-02-28 07947478 2018-03-01 2019-02-28 07947478 2019-02-28 07947478 bus:Director1 2019-03-01 2020-02-29 07947478 core:WithinOneYear 2020-02-29 07947478 core:WithinOneYear 2019-02-28 07947478 core:ShareCapital 2020-02-29 07947478 core:ShareCapital 2019-02-28 07947478 core:RetainedEarningsAccumulatedLosses 2020-02-29 07947478 core:RetainedEarningsAccumulatedLosses 2019-02-28 07947478 bus:SmallEntities 2019-03-01 2020-02-29 07947478 bus:AuditExemptWithAccountantsReport 2019-03-01 2020-02-29 07947478 bus:FullAccounts 2019-03-01 2020-02-29 07947478 bus:SmallCompaniesRegimeForAccounts 2019-03-01 2020-02-29 07947478 bus:PrivateLimitedCompanyLtd 2019-03-01 2020-02-29 07947478 core:ComputerEquipment 2019-03-01 2020-02-29 07947478 core:ComputerEquipment 2020-02-29 07947478 core:ComputerEquipment 2019-02-28

COMPANY REGISTRATION NUMBER: 07947478

Tom Hayton Digital Media Limited

Filleted Unaudited Financial Statements

29 February 2020

Tom Hayton Digital Media Limited

Financial Statements

Year Ended 29 February 2020

Contents	Page

Statement of Financial Position	1

Notes to the Financial Statements	3

Tom Hayton Digital Media Limited

Statement of Financial Position

29 February 2020

	2020		2019
Note	£	£	£

Fixed Assets

Tangible assets	5		372	1,358

Current Assets

Debtors	6	1,839	1,839
Cash at bank and in hand		988	–
		-------	-------
		2,827	1,839

Creditors: amounts falling due within one year	7	3,945		7,226
		-------		-------
Net Current Liabilities			1,118	5,387
			-------	-------
Total Assets Less Current Liabilities			( 746)	( 4,029)
			----	-------
Net Liabilities			( 746)	( 4,029)
			----	-------

Capital and Reserves

Called up share capital	1	1
Profit and loss account	( 747)	( 4,030)
	----	-------
Shareholder Deficit	( 746)	( 4,029)
	----	-------

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 Section 1A of 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 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 .

Tom Hayton Digital Media Limited

Statement of Financial Position (continued)

29 February 2020

These financial statements were approved by the board of directors and authorised for issue on 18 November 2020 , and are signed on behalf of the board by:

T C Hayton
Director

Company registration number: 07947478

Tom Hayton Digital Media Limited

Notes to the Financial Statements

Year Ended 29 February 2020

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Greek Street, Stockport, Cheshire, SK3 8AX.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	33% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).

5. Tangible Assets

	Equipment	Total
	£	£
Cost
At 1 March 2019 and 29 February 2020	10,186	10,186
	--------	--------
Depreciation
At 1 March 2019	8,828	8,828
Charge for the year	986	986
	--------	--------
At 29 February 2020	9,814	9,814
	--------	--------
Carrying amount
At 29 February 2020	372	372
	--------	--------
At 28 February 2019	1,358	1,358
	--------	--------

6. Debtors

	2020	2019
	£	£
Trade debtors	1,839	1,839
	-------	-------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	–	1,700
Trade creditors	720	721
Corporation tax	101	–
Social security and other taxes	635	640
Other creditors	2,489	4,165
	-------	-------
	3,945	7,226
	-------	-------

8. Related Party Transactions

The company was under the control of T C Hayton throughout the current period. T C Hayton is the sole director and 100% shareholder.