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Unaudited Financial Statements |
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for the Year Ended 31st May 2016 |
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for |
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Red Snapper Media Limited |
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Unaudited Financial Statements |
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for the Year Ended 31st May 2016 |
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for |
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Red Snapper Media Limited |
Red Snapper Media Limited (Registered number: 04637091) |
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Contents of the Financial Statements |
for the Year Ended 31st May 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Red Snapper Media Limited |
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Company Information |
for the Year Ended 31st May 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Gloucester House |
Church Walk |
Burgess Hill |
West Sussex |
RH15 9AS |
Red Snapper Media Limited (Registered number: 04637091) |
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Statement of Financial Position |
31st May 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Red Snapper Media Limited (Registered number: 04637091) |
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Statement of Financial Position - continued |
31st May 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Red Snapper Media Limited (Registered number: 04637091) |
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Notes to the Financial Statements |
for the Year Ended 31st May 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover 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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Other intangibles |
Other intangibles relate to the purchase of client lists and expertise from a former subsidiary. This is |
amortised over the expected useful life of 5 years. |
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Computer software |
Computer Software is amortised over the expected useful life of 5 years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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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. |
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Going concern |
Although the financial statements show that liabilities exceed assets by an amount of £221,421 these |
accounts have been prepared on the going concern basis. The company relies upon the support of |
associated companies (under the control of the directors) and directors' loans via extended credit |
terms. The directors have indicated that this financial support will continue as long as is necessary. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Red Snapper Media Limited (Registered number: 04637091) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2016 |
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3. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st June 2015 |
and 31st May 2016 |
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AMORTISATION |
At 1st June 2015 |
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Charge for year |
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At 31st May 2016 |
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NET BOOK VALUE |
At 31st May 2016 |
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At 31st May 2015 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1st June 2015 |
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Additions |
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At 31st May 2016 |
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DEPRECIATION |
At 1st June 2015 |
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Charge for year |
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At 31st May 2016 |
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NET BOOK VALUE |
At 31st May 2016 |
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At 31st May 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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Red Snapper Media Limited (Registered number: 04637091) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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The company had the following transactions and balances with Red Snapper Recruitment Ltd, a |
company under common control, during the year and at the balance sheet date: |
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Nature of Transaction | Amount £ |
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Sales to Red Snapper Recruitment | 36,683 |
Purchases from Red Snapper Recruitment | 103,613 |
Debtor balance owed from Red Snapper Recruitment | 8,505 |
Creditor balance owed to Red Snapper Recruitment | 305,650 |
Write off of inter-company loan balance owed to Red Snapper Recruitment | 82,356 |
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The company had the following transactions and balances with Red Snapper Learning Ltd, a company |
under common control, during the year and at the balance sheet date: |
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Nature of Transaction | Amount £ |
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Sales to Red Snapper Learning Ltd | 52,583 |
Debtor balance owed to Red Snapper Learning Ltd | 34,803 |
Inter-company loan owed from Red Snapper Learning Ltd | 58,000 |
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There is a director's loan balance of £250,000 owing to H Jerrold at the balance sheet date. |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is M Jerrold. |