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Unaudited Financial Statements |
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For The Year Ended 31 January 2018 |
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Pulse Advanced Media Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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For The Year Ended 31 January 2018 |
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for |
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Pulse Advanced Media Limited |
Pulse Advanced Media Limited (Registered number: 08381299) |
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Contents of the Financial Statements |
For The Year Ended 31 January 2018 |
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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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Pulse Advanced Media Limited |
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Company Information |
For The Year Ended 31 January 2018 |
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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 |
Goodridge Court |
Goodridge Avenue |
Gloucester |
Gloucestershire |
GL2 5EN |
Pulse Advanced Media Limited (Registered number: 08381299) |
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Balance Sheet |
31 January 2018 |
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31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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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 | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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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Pulse Advanced Media Limited (Registered number: 08381299) |
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Notes to the Financial Statements |
For The Year Ended 31 January 2018 |
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1. | STATUTORY INFORMATION |
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Pulse Advanced Media 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 |
Turnover is recognised at the fair value of the consideration received or receivable for goods and |
services provided in the normal course of business, and is shown net of VAT and other sales related |
taxes. The fair value of consideration takes into account trade and settlement discounts. |
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Revenue from the provision of services is recognised to the extent that the amount of revenue can be |
measured reliably, it is probable that the economic benefits associated with the transaction will flow to |
the entity and the costs incurred or to be incurred in respect of the transaction can be measured |
reliably. Where a contract is partially completed at the balance sheet date, turnover represents the fair value of |
the service provided to date based on the stage of completion of the contract at the balance sheet date. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Pulse Advanced Media Limited (Registered number: 08381299) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 January 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Basic financial assets |
Basic financial assets, which include trade and other receivables and cash and bank balances, are |
initially measured at transaction price including transaction costs and are subsequently carried at |
amortised cost using the effective interest method. |
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Impairment of financial assets |
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators |
of impairment at each reporting end date. |
Financial assets are impaired where there is objective evidence that, as a result of one or more |
events that occurred after the initial recognition of the financial asset, the estimated future cash flows |
have been affected. The impairment loss is recognised in profit or loss. |
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Derecognition of financial assets |
Financial assets are derecognised only when the contractual rights to the cash flows from the asset |
expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership |
to another entity. |
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Basic financial liabilities |
Basic financial liabilities, including trade and other payables, are recognised at transaction price. |
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary |
course of business from suppliers. Accounts payable are classified as current liabilities if payment is |
due within one year or less. If not, they are presented as non-current liabilities. |
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Derecognition of financial liabilities |
Financial liabilities are derecognised when, and only when, the company's obligations are discharged, |
cancelled, or they expire. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Pulse Advanced Media Limited (Registered number: 08381299) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 January 2018 |
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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. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2017 |
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Additions |
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At 31 January 2018 |
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DEPRECIATION |
At 1 February 2017 |
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Charge for year |
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At 31 January 2018 |
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NET BOOK VALUE |
At 31 January 2018 |
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At 31 January 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 21,579 | 3,030 |
Directors' current accounts | 5,270 | 7,167 |
Accrued expenses |
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Pulse Advanced Media Limited (Registered number: 08381299) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 January 2018 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.1.17 |
value: | £ | £ |
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Ordinary | 1 | 1 | 1 |
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B Ordinary | 1 | 1 | 1 |
2 | 2 |