Registration number:
Feedfirst Media Limited
for the Year Ended 31 March 2019
Chartered Certified Accountants
16 Blackfriars Street
Manchester
Greater Manchester
M3 5BQ
Feedfirst Media Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Feedfirst Media Limited
Company Information
Directors |
Simon John Alexander Tracy Margaret Alexander |
Registered office |
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Accountants |
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Page 1 |
Feedfirst Media Limited
Directors' Report for the Year Ended 31 March 2019
The directors present their report and the financial statements for the year ended 31 March 2019.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Tracy Margaret Alexander
Highest paid director
Page 2 |
Feedfirst Media Limited
(Registration number: 10079535)
Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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- |
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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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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Tracy Margaret Alexander
Director
Page 3 |
Feedfirst Media Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipments |
20% Straight Line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Profit before tax |
Arrived at after charging/(crediting)
2019 |
2018 |
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Depreciation expense |
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Page 4 |
Feedfirst Media Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2018 |
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Additions |
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At 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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At 31 March 2018 |
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Stocks |
2019 |
2018 |
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Work in progress |
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- |
Debtors |
2019 |
2018 |
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Trade debtors |
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Prepayments |
( |
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Other debtors |
- |
( |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Page 5 |
Feedfirst Media Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Loans and borrowings |
2019 |
2018 |
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Non-current loans and borrowings |
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Bank borrowings |
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- |
Dividends |
2019 |
2018 |
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£ |
£ |
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Interim dividend of £Nil (2018 - £
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68,152 |
67,000 |
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Related party transactions |
Directors' remuneration
The directors' remuneration for the year was as follows:
2019 |
2018 |
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Remuneration |
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Summary of transactions with other related parties
Simon J Alexander - Director
- At the balance sheet date, the company owed £21,428 to Simon Alexander.
Tracy M Alexander- Director
- At the balance sheet date, the company owed £9,709 to Tracy Alexander.
Page 6 |