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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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MEDIA REVENUE SERVICES LIMITED |
TRADING AS |
REPRINT & LICENSING CENTRE |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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MEDIA REVENUE SERVICES LIMITED |
TRADING AS |
REPRINT & LICENSING CENTRE |
MEDIA REVENUE SERVICES LIMITED (REGISTERED NUMBER: 05265488) |
TRADING AS REPRINT & LICENSING CENTRE |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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MEDIA REVENUE SERVICES LIMITED |
TRADING AS REPRINT & LICENSING CENTRE |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
34 Lower Richmond Road |
Putney |
London |
SW15 1JP |
MEDIA REVENUE SERVICES LIMITED (REGISTERED NUMBER: 05265488) |
TRADING AS REPRINT & LICENSING CENTRE |
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BALANCE SHEET |
31 MARCH 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium | 7 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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MEDIA REVENUE SERVICES LIMITED (REGISTERED NUMBER: 05265488) |
TRADING AS REPRINT & LICENSING CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Media Revenue Services Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Computer equipment | - |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
£ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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MEDIA REVENUE SERVICES LIMITED (REGISTERED NUMBER: 05265488) |
TRADING AS REPRINT & LICENSING CENTRE |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Directors' current accounts | - | 1,375 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
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Tax |
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PAYE Control |
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VAT | 1,971 | 8,809 |
Other creditors |
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Provision for bad debts | 7,329 | 3,754 |
Directors' current accounts | 26 | - |
Accrued expenses |
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7. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 April 2016 |
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41,168 |
Profit for the year |
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Dividends | ( |
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At 31 March 2017 |
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47,091 |
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8. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £24,831 were paid to the director . |
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It is confirmed that the director's current account is debited with personal transactions and credited with |
director's remuneration as well as dividends. |
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The loan is unsecured, interest free and no repayment terms have been agreed. The balance owing to the director |
was £26 (2016 :£1375 owing from) |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr R M Coury. |