Company registration number:
4264142
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FOR THE 1 MONTH ENDED
31 DECEMBER 2019
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BETWEEN THE LINES COMMUNICATION LIMITED
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BETWEEN THE LINES COMMUNICATION LIMITED
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COMPANY INFORMATION
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R E Burke
(appointed
19 December 2019
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R Bradley
(appointed
27 March 2020
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Chartered Accountants
&
Statutory Auditor
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BETWEEN THE LINES COMMUNICATION LIMITED
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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BETWEEN THE LINES COMMUNICATION LIMITED
REGISTERED NUMBER:
4264142
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STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2019
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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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Provisions for liabilities
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BETWEEN THE LINES COMMUNICATION LIMITED
REGISTERED NUMBER:
4264142
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STATEMENT OF FINANCIAL POSITION
(CONTINUED)
AS AT
31 DECEMBER 2019
The
financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 3 to 7 form part of these financial statements.
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BETWEEN THE LINES COMMUNICATION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 1 MONTH ENDED 31 DECEMBER 2019
Between The Lines Communications Limited is a private company limited by shares, incorporated in England & Wales under Companies Act 2006. The registered office and principal place of business (trading address) are given on the company information page. The functional and presentational currency is GBP.
The company has changed its accounting period from 30 November 2020 to 31 December 2019 to be inline with the period end of its ultimate parent. The accounts are drawn up for 1 month to 31 December 2019 and so are not comparable with the prior 11 month period.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
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BETWEEN THE LINES COMMUNICATION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 1 MONTH ENDED 31 DECEMBER 2019
2.
Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the 1 month comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
∙
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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BETWEEN THE LINES COMMUNICATION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 1 MONTH ENDED 31 DECEMBER 2019
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The average monthly number of employees, including directors, during the 1 month was
17
(2019 -
21
)
.
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Charge for the 1 month on owned assets
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Prepayments and accrued income
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BETWEEN THE LINES COMMUNICATION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 1 MONTH ENDED 31 DECEMBER 2019
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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BETWEEN THE LINES COMMUNICATION LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE 1 MONTH ENDED 31 DECEMBER 2019
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due after more than one year but less than five years
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Amounts falling due after more than 5 years
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The loan was secured against the property of the Company. This was settled on the sale of the property in December 2019.
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Related party transactions
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The freehold property was sold to a company owned by the previous shareholder and director, at a price below market value of £1,152,875, on 19th December 2020.
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The parent undertaking of the smallest group in which consolidated financial statements are prepared, which include this company, is Arrow Business Communications Holdings Limited. The company’s registered address is The Wharf, Abbey Mills Business Park, Lower Eashing, Godalming, Surrey, GU7 2QN.
The auditors' report on the financial statements for the 1 month ended 31 December 2019 was unqualified.
The audit report was signed on
26 November 2020
by
Ralph Mitchison FCA
(Senior statutory auditor) on behalf of
Menzies LLP
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