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REGISTERED NUMBER: 07777516 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Aviation Media Limited

Aviation Media Limited (Registered number: 07777516)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aviation Media Limited

Company Information
for the Year Ended 30 September 2021







DIRECTOR: J M Lee





REGISTERED OFFICE: PO Box 448
13 Moatside
Feltham
TW13 9EA





REGISTERED NUMBER: 07777516 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA

Aviation Media Limited (Registered number: 07777516)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,505 123,076
Property, plant and equipment 5 6,296 8,717
108,801 131,793

CURRENT ASSETS
Debtors 6 312,733 236,576
Prepayments and accrued income 13,592 14,994
Cash at bank 35,455 4,650
361,780 256,220
CREDITORS
Amounts falling due within one year 7 265,228 339,378
NET CURRENT ASSETS/(LIABILITIES) 96,552 (83,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,353

48,635

CREDITORS
Amounts falling due after more than one
year

8

(166,775

)

(6,261

)

PROVISIONS FOR LIABILITIES (1,196 ) (1,656 )
NET ASSETS 37,382 40,718

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 37,182 40,518
SHAREHOLDERS' FUNDS 37,382 40,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aviation Media Limited (Registered number: 07777516)

Balance Sheet - continued
30 September 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





J M Lee - Director


Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Aviation Media Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2020
and 30 September 2021 205,705
AMORTISATION
At 1 October 2020 82,629
Charge for year 20,571
At 30 September 2021 103,200
NET BOOK VALUE
At 30 September 2021 102,505
At 30 September 2020 123,076

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 October 2020 78,095
Additions 1,140
At 30 September 2021 79,235
DEPRECIATION
At 1 October 2020 69,378
Charge for year 3,561
At 30 September 2021 72,939
NET BOOK VALUE
At 30 September 2021 6,296
At 30 September 2020 8,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade debtors 306,571 224,709
Other debtors 6,162 11,867
312,733 236,576

Aviation Media Limited (Registered number: 07777516)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts - 23,022
Trade creditors 139,902 129,903
Taxation and social security 15,134 16,872
Other creditors 110,192 169,581
265,228 339,378

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.21 30.9.20
£    £   
Bank loans 72,223 -
Other creditors 94,552 6,261
166,775 6,261

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.21 30.9.20
£    £   
Bank loan 80,000 -

The bank loan is secured by a fixed and floating charge over all of the company assets.

Included in creditors is a loan for which the director J Lee has given a personal guarantee. The loan amount included in falling due within one year is nil (2020 £17,500).