Simply Online Media Limited - Accounts to registrar (filleted) - small 17.3
Simply Online Media Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2018 |
| for |
| Simply Online Media Limited |
| Simply Online Media Limited (Registered number: 07849157) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Simply Online Media Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 114-120 Northgate Street |
| Chester |
| CH1 2HT |
| Simply Online Media Limited (Registered number: 07849157) |
| Statement of Financial Position |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets/(liabilities) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Simply Online Media Limited (Registered number: 07849157) |
| Statement of Financial Position - continued |
| 31 March 2018 |
| 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. |
| 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 signed on its behalf by: |
| Simply Online Media Limited (Registered number: 07849157) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | Statutory information |
| Simply Online Media Limited is a |
| and Wales. The company's registered number and registered office address can be found on |
| the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Revenue from the rendering of services is measured by reference to the stage of completion |
| of the service transaction at the end of the reporting period provided that the outcome can be |
| reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised |
| only to the extent that expenses recognised are recoverable. |
| 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 |
| Leasehold property improvements | - |
| Fixtures, fittings, equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
| Statement, 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 statement of financial position date. |
| Simply Online Media Limited (Registered number: 07849157) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the statement of financial position 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. |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible |
| assets and depreciated over their useful lives. Obligations under such agreements are |
| included in creditors net of the finance charge allocated to future periods. The finance |
| element of the rental payment is charged to the profit and loss account on a straight line basis |
| over the term of the agreement. |
| 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 |
| 4. | Intangible fixed assets |
| Leadbay | Computer |
| assets | software | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2017 |
| and 31 March 2018 |
| Amortisation |
| At 1 April 2017 |
| Amortisation for year |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Simply Online Media Limited (Registered number: 07849157) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 5. | Tangible fixed assets |
| Leasehold | Fixtures, |
| property | fittings, |
| improvements | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | - | 4,962 |
| Obligations under hire purchase contracts are secured on the related asset. |
| Simply Online Media Limited (Registered number: 07849157) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 9. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended |
| 31 March 2018 and 31 March 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Directors' advances are unsecured, interest-free and repayable on demand. |
| 10. | Lease commitments |
| At 31 March 2018 the company had commitments under non-cancellable operating leases |
| over the remaining life of these leases of £27,900 (2017: £65,100). The amount payable |
| within one year in respect of these leases was £27,900 (2017: £37,200). |