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Unaudited Financial Statements |
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for the Year Ended 30 December 2019 |
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for |
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Media & Sport Management Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 December 2019 |
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for |
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Media & Sport Management Ltd |
Media & Sport Management Ltd (Registered number: 03430398) |
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Contents of the Financial Statements |
for the Year Ended 30 December 2019 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Media & Sport Management Ltd |
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Company Information |
for the Year Ended 30 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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First Floor, St Johns House |
16 Church Street |
Bromsgrove |
Worcestershire |
B61 8DN |
Media & Sport Management Ltd (Registered number: 03430398) |
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Abridged Statement of Financial Position |
30 December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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Media & Sport Management Ltd (Registered number: 03430398) |
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Abridged Statement of Financial Position - continued |
30 December 2019 |
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The director acknowledges his responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
signed by: |
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Media & Sport Management Ltd (Registered number: 03430398) |
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Notes to the Financial Statements |
for the Year Ended 30 December 2019 |
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1. | STATUTORY INFORMATION |
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Media & Sport Management Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Media & Sport Management Ltd as an individual company |
and do not contain consolidated financial information as the parent of a group. The company is exempt under |
Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial |
statements. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service |
contracts when turnover is recognised when the company obtains the right to consideration. |
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Sponsorship fees are recognised on a straight-line basis over the contract term. |
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Events income is recognised in the year in which the event has taken place. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year comprises current 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. |
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Current or taxation assets and liabilities are not discounted. |
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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. |
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Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the |
rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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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. |
Media & Sport Management Ltd (Registered number: 03430398) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 December 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 31 December 2018 |
and 30 December 2019 |
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DEPRECIATION |
At 31 December 2018 |
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Charge for year |
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At 30 December 2019 |
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NET BOOK VALUE |
At 30 December 2019 |
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At 30 December 2018 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 20,000 | 20,000 |
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6. | RELATED PARTY DISCLOSURES |
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During the year commission of £782,356 (2018: £655,505) was payable to a shareholder. |
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Included in debtors is a balance of £11,772 (2018: £32,952) receivable from a partner. |
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During the previous year a loan existed between the company and the director. The amount due at balance |
sheet date and included in debtors was £nil (2018: £163,834). Interest was charged per the loan agreement |
between the director and the company. |
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During the year a loan existed between the company and a shareholder. The amount due at balance sheet |
date and included in debtors was £13,686 (2018: £13,189). No interest was charged on this loan as agreed. |