Company Registration No. SC352287 (Scotland)
Wild Media Foundation
Unaudited accounts
for the year ended 31 December 2018
Wild Media Foundation
Unaudited accounts
Contents
Wild Media Foundation
Company Information
for the year ended 31 December 2018
Directors
P Cairns
M J Hamblin
J Shooter
A Hepburn
M Larkin
Company Number
SC352287 (Scotland)
Registered Office
Ballintean
Glenfeshie
Kingussie
Inverness-shire
PH21 1NX
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Wild Media Foundation
Statement of financial position
as at
31 December 2018
Tangible assets
3,292
5,123
Cash at bank and in hand
78,830
38,452
Creditors: amounts falling due within one year
(98,692)
(62,053)
Net current assets/(liabilities)
3,854
(17,433)
Total assets less current liabilities
7,146
(12,310)
Provisions for liabilities
Net assets/(liabilities)
6,521
(12,310)
Profit and loss account
6,521
(12,310)
Members' funds
6,521
(12,310)
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 13 September 2019.
M J Hamblin
Director
Company Registration No. SC352287
Wild Media Foundation
Notes to the Accounts
for the year ended 31 December 2018
Wild Media Foundation is a private company, limited by guarantee, registered in Scotland, registration number SC352287. The registered office is Ballintean, Glenfeshie, Kingussie, Inverness-shire, PH21 1NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised as follows:
Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivables is fairly assured.
Service revenues are recognised as those services are provided to customers.
Sponsorship income receivable for a particular project is credited to deferred income and released to the profit and loss account over the agreed term.
Donation income is credited to the profit and loss account in the period in which it is received.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
- 33% straight line
Wild Media Foundation
Notes to the Accounts
for the year ended 31 December 2018
4
Tangible fixed assets
Total
At 31 December 2018
10,774
Charge for the year
3,147
At 31 December 2018
7,482
At 31 December 2018
3,292
At 31 December 2017
5,123
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6
Average number of employees
During the year the average number of employees was 0 (2017: 0).