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REGISTERED NUMBER: NI036789 (Northern Ireland)











ER Media Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2023






ER Media Ltd (Registered number: NI036789)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


ER Media Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: G E Sands
Mrs S M R Sands





SECRETARY: Mrs S M R Sands





REGISTERED OFFICE: 70 Scarva Street
Banbridge
Co. Down
BT32 3AD





REGISTERED NUMBER: NI036789 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

ER Media Ltd

Report of the Accountants to the Directors of
ER Media Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


26 October 2023

ER Media Ltd (Registered number: NI036789)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 69,648 81,648
Tangible assets 5 95,296 112,192
Investments 6 470 470
165,414 194,310

CURRENT ASSETS
Stocks 120,000 80,000
Debtors 7 10,311 1,366
Cash at bank 27,145 95,494
157,456 176,860
CREDITORS
Amounts falling due within one year 8 177,473 180,402
NET CURRENT LIABILITIES (20,017 ) (3,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,397

190,768

CREDITORS
Amounts falling due after more than
one year

9

(57,305

)

(97,190

)

PROVISIONS FOR LIABILITIES (18,106 ) (21,316 )
NET ASSETS 69,986 72,262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,886 72,162
SHAREHOLDERS' FUNDS 69,986 72,262

ER Media Ltd (Registered number: NI036789)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





G E Sands - Director


ER Media Ltd (Registered number: NI036789)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

ER Media Ltd is a private company, limited by shares , registered in Northern Ireland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


ER Media Ltd (Registered number: NI036789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2022 - 10 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 120,006
AMORTISATION
At 1 July 2022 38,358
Charge for year 12,000
At 30 June 2023 50,358
NET BOOK VALUE
At 30 June 2023 69,648
At 30 June 2022 81,648

ER Media Ltd (Registered number: NI036789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 6,797 283,971 8,177 298,945
Additions - 6,928 - 6,928
At 30 June 2023 6,797 290,899 8,177 305,873
DEPRECIATION
At 1 July 2022 6,797 171,779 8,177 186,753
Charge for year - 23,824 - 23,824
At 30 June 2023 6,797 195,603 8,177 210,577
NET BOOK VALUE
At 30 June 2023 - 95,296 - 95,296
At 30 June 2022 - 112,192 - 112,192

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment 470 470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112 23
Other debtors 10,199 1,343
10,311 1,366

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 99,058 114,444
Hire purchase contracts 24,231 18,232
Trade creditors 32,024 27,763
Taxation and social security 1,019 14,422
Other creditors 21,141 5,541
177,473 180,402

ER Media Ltd (Registered number: NI036789)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 19,921 40,257
Hire purchase contracts 37,384 56,933
57,305 97,190