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REGISTERED NUMBER:
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TAL MEDIA LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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REGISTERED NUMBER:
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TAL MEDIA LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 6 |
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TAL MEDIA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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14 London Road |
Newark |
Nottinghamshire |
NG24 1TW |
TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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BALANCE SHEET |
30 APRIL 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Inventories |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors on
on its behalf by: |
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TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
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1. | STATUTORY INFORMATION |
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Tal Media Limited is a
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number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Intangible fixed assets other than goodwill |
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. |
Website development is being amortised evenly over its estimated useful life of three years. |
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Property, plant and equipment |
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Plant and machinery etc | - |
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Inventories |
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs |
of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. |
Cost is calculated using a weighted average formula. Provisions are made for damaged, obsolete and slow-moving stock |
where appropriate. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its |
estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of |
impairment losses are also recognised in profit or loss. |
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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. |
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Current or deferred 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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Employee benefits |
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to |
be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the |
period in which the employee's services are received. Company contributions to defined contribution plans for the benefit |
of employee's are expensed as they become payable. |
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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. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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AMORTISATION |
Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Finance leases (see note 9) |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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9. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Finance leases |
2019 | 2018 |
£ | £ |
Net obligations repayable: |
Within one year |
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Non-cancellable operating |
leases |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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TAL MEDIA LIMITED (REGISTERED NUMBER: 04565185) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Other loans |
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Finance lease obligations | - | 1,625 |
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Other loans are secured by fixed and floating charges over company's net assets. |
Finance leases are secured over the plant and equipment to which the contract relates. |
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11. | 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 | 143 | 143 |
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12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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13. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is PHD (Nominees) Ltd. This is a private company, limited by shares, registered in England & |
Wales. The company's registered office address is: |
C/O Dow Schofield Watts Corporate Finance Limited |
7400 Daresbury Park |
Daresbury |
Warrington |
Cheshire |
United Kingdom |
WA4 4BS |