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Company registration number: 4900254
EMG Media and Marketing Limited
Unaudited filleted abridged financial statements
30 September 2024
EMG Media and Marketing Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
EMG Media and Marketing Limited
Directors and other information
Directors Ms Elaine McGowan
Miss Charlotte Ward
Mr Martin Gray
Secretary Ms Elaine McGowan
Company number 4900254
Registered office Unit 2, Guards Avenue
The Village
Caterham On The Hill
Surrey CR3 5XL
Accountant S Nunn and Co Ltd
Unit 2, Guards Avenue
Caterham
Surrey
CR3 5XL
EMG Media and Marketing Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of EMG Media and Marketing Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of EMG Media and Marketing Limited for the year ended 30 September 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am 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 board of directors of EMG Media and Marketing Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of EMG Media and Marketing Limited and state those matters that we have agreed to state to the board of directors of EMG Media and Marketing Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than EMG Media and Marketing Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that EMG Media and Marketing 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 EMG Media and Marketing Limited. You consider that EMG Media and Marketing Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of EMG Media and Marketing Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
S Nunn and Co Ltd
Chartered Acountant
Unit 2, Guards Avenue
Caterham
Surrey
CR3 5XL
5 June 2025
EMG Media and Marketing Limited
Abridged statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 15,359 15,504
Investments 6 12,500 25,000
_______ _______
27,859 40,504
Current assets
Stocks 107,594 61,958
Debtors 1,204,839 1,152,310
Cash at bank and in hand 305,745 469,465
_______ _______
1,618,178 1,683,733
Creditors: amounts falling due
within one year ( 779,232) ( 949,781)
_______ _______
Net current assets 838,946 733,952
_______ _______
Total assets less current liabilities 866,805 774,456
Creditors: amounts falling due
after more than one year - ( 104,167)
Provisions for liabilities ( 3,791) ( 3,865)
_______ _______
Net assets 863,014 666,424
_______ _______
Capital and reserves
Called up share capital 100 100
Other reserves 19 19
Profit and loss account 862,895 666,305
_______ _______
Shareholders funds 863,014 666,424
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 05 June 2025 , and are signed on behalf of the board by:
Mr Martin Gray Ms Elaine McGowan
Director Director
Company registration number: 4900254
EMG Media and Marketing Limited
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1 October 2022 100 19 495,976 496,095
Profit for the year 320,329 320,329
_______ _______ _______ _______
Total comprehensive income for the year - - 320,329 320,329
Dividends paid and payable ( 150,000) ( 150,000)
_______ _______ _______ _______
Total investments by and distributions to owners - - ( 150,000) ( 150,000)
_______ _______ _______ _______
At 30 September 2023 and 1 October 2023 100 19 666,305 666,424
Profit for the year 196,590 196,590
_______ _______ _______ _______
Total comprehensive income for the year - - 196,590 196,590
_______ _______ _______ _______
At 30 September 2024 100 19 862,895 863,014
_______ _______ _______ _______
EMG Media and Marketing Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2, Guards Avenue, The Village, Caterham On The Hill, Surrey CR3 5XL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 12 ).
5. Tangible assets
£
Cost
At 1 October 2023 57,548
Additions 4,975
_______
At 30 September 2024 62,523
_______
Depreciation
At 1 October 2023 42,044
Charge for the year 5,120
_______
At 30 September 2024 47,164
_______
Carrying amount
At 30 September 2024 15,359
_______
At 30 September 2023 15,504
_______
6. Investments
£
Cost
At 1 October 2023 and 30 September 2024 12,500
_______
Impairment
At 1 October 2023 and 30 September 2024 -
_______
Carrying amount
At 30 September 2024 12,500
_______
At 30 September 2023 12,500
_______
7. Related party transactions
During the year, dividends of £nil (2023: £150,000) were declared as payable to the directors of the company.
8. Controlling party
The directors do not consider there to be a controlling interest in the company .