Swan Media Productions Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06518220

		2018		2017
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		3,513		5,167

			3,513		5,167
CURRENT ASSETS
Debtors	3	176,015		126,501
Cash at bank and in hand		9,289		95,248

		185,304		221,749
Creditors: Amounts Falling Due Within One Year	4	(77,115 )		(128,336 )

NET CURRENT ASSETS (LIABILITIES)			108,189		93,413

TOTAL ASSETS LESS CURRENT LIABILITIES			111,702		98,580

NET ASSETS			111,702		98,580

CAPITAL AND RESERVES
Called up share capital	5		1,100		1,100
Profit and Loss Account			110,602		97,480

SHAREHOLDERS' FUNDS			111,702		98,580

Page 1

Balance Sheet (continued)

As at 31 March 2018

For the year ending 31 March 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Freeman

26th October 2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

1.4. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2. Tangible Assets


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2017	962	7,875	8,837
Additions	112	629	741

As at 31 March 2018	1,074	8,504	9,578

Depreciation
As at 1 April 2017	386	3,284	3,670
Provided during the period	269	2,126	2,395

As at 31 March 2018	655	5,410	6,065

Net Book Value
As at 31 March 2018	419	3,094	3,513

As at 1 April 2017	576	4,591	5,167

3. Debtors

	2018	2017
	£	£
Due within one year
Trade debtors	176,015	126,501

	176,015	126,501

Page 3

Swan Media Productions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2018

4. Creditors: Amounts Falling Due Within One Year

	2018	2017
	£	£
Trade creditors	7,691	5,914
Corporation tax	7,014	9,670
VAT	26,947	7,137
Accruals and deferred income	4,200	4,200
Director's loan account	31,263	101,415

	77,115	128,336

Amount owed to directors are unsecured, interest free and repayable on demand.

5. Share Capital

	2018		2017
Allotted, Called up and fully paid	1,100		1,100

6. Dividends

	2018	2017
	£	£
On equity shares:
Final dividend paid	14,000	11,000

	14,000	11,000

7. General Information

Swan Media Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06518220. The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.

Page 4