Company Registration No. 06882838 (England and Wales)
EIGERWAND MEDIA LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
EIGERWAND MEDIA LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
EIGERWAND MEDIA LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Cash at bank and in hand
286
1,132
Creditors: amounts falling due within one year
2
(3,002)
(3,243)
Net current liabilities
(2,716)
(2,111)
Capital and reserves
Called up share capital
60
60
Share premium account
12,418
12,418
Profit and loss reserves
(15,194)
(14,589)
Total equity
(2,716)
(2,111)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 3 November 2020 and are signed on its behalf by:
Mr T Richards
Director
Company Registration No. 06882838
EIGERWAND MEDIA LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Company information
Eigerwand Media Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
6 Hermitage Road, St Johns, Woking, Surrey, GU21 8TB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts are prepared on the going concern basis, which assumes the continued support of the directors. As at the year
true
end
the company owed
two
directors
,
Toby Richards and William Gilbey
,
the sum of £1,015 (
2019
- £1,015) and £1,687 (201
9
- £1,687) respectively.
On the basis of this support the directors believe the company to be a going concern.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
168
366
Corporation tax
43
Other creditors
2,834
2,834
3,002
3,243