Company Registration Number 08220767 (England and Wales)
S G W MEDIA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019
S G W MEDIA LIMITED
CONTENTS
Page
Accountants' report
1
Profit and loss account
2
Balance sheet and notes to the financial statements
3
S G W MEDIA LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF S G W MEDIA LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2019
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S G W Media Limited for the year ended 30 September 2019, which comprise the profit and loss account and the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the
b
oard of
d
irectors of S G W Media Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of S G W Media Limited and state those matters that we have agreed to state to the
b
oard of
d
irectors of S G W Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S G W Media Limited and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that S G W Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit
of S G W Media Limited. You consider that S G W Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of S G W Media Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barlow Andrews LLP
22 May 2020
Chartered Accountants
Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
S G W MEDIA LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2019
- 2 -
2019
2018
£
£
Turnover
51,257
36,263
Staff costs
(9,453)
(11,109)
Other charges
(11,208)
(9,906)
Tax
(5,813)
(2,897)
Profit
24,783
12,351
S G W MEDIA LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2019
30 September 2019
- 3 -
2019
2018
£
£
£
£
Current assets
9,469
9,876
Creditors: amounts falling due within one year
(10,701)
(5,891)
Net current (liabilities)/assets
(1,232)
3,985
Net (liabilities)/assets
(1,232)
3,985
Capital and reserves
(1,232)
3,985
Notes to the financial statements
1
Employees
The average number of persons (including directors) employed by the company during the year was 1 (2018 - 1).
S G W Media Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Westbourne Grove, Withington, Manchester, M20 1JA.
For the year ended 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has 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 in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 May 2020
Mr Steven Wyeth
Director
Company Registration Number 08220767
S G W MEDIA LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019
S G W MEDIA LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019
Detailed Expense Analysis
2019
2018
£
£
Administrative expenses
Directors' remuneration
9,453
11,109
Use of home and office expenses
416
208
Travel and subsistence costs
8,832
8,725
Accountancy
806
888
Bank charges
60
60
Printing, postage and stationery
25
25
Telecommunications
1,069
-
20,661
21,015
S G W MEDIA LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019
Current Assets
2019
2018
£
£
Cash at bank
9,469
9,876
Creditors: amounts falling due within one year
2019
2018
£
£
Other borrowings
4,136
2,235
Corporation tax
5,813
2,897
Other taxation and social security
-
15
Accruals and deferred income
752
744
10,701
5,891
S G W MEDIA LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019
Statement of Changes in Equity
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2017
10
13,124
13,134
Year ended 30 September 2018:
Profit and total comprehensive income for the year
-
12,351
12,351
Dividends
-
(21,500)
(21,500)
Balance at 30 September 2018
10
3,975
3,985
Year ended 30 September 2019:
Profit and total comprehensive income for the year
-
24,783
24,783
Dividends
-
(30,000)
(30,000)
Balance at 30 September 2019
10
(1,242)
(1,232)