| Spirit Digital Media Limited |
| Registered number: |
07363008 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
22,182 |
|
|
12,943 |
|
| Current assets |
| Debtors |
|
|
268,223 |
|
|
257,472 |
| Cash at bank and in hand |
|
|
57,606 |
|
|
156,770 |
|
|
|
325,829 |
|
|
414,242 |
|
| Creditors: amounts falling due within one year |
|
|
(625,269) |
|
|
(474,785) |
|
| Net current liabilities |
|
|
|
(299,440) |
|
|
(60,543) |
|
| Net liabilities |
|
|
|
(277,258) |
|
|
(47,600) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(277,358) |
|
|
(47,700) |
|
| Shareholder's funds |
|
|
|
(277,258) |
|
|
(47,600) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Peter Cowley |
| Director |
| Approved by the board on 9 February 2016 |
|
| Spirit Digital Media Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing value |
|
|
|
Going concern |
|
The accounts have been prepared using the going concern basis. Financial support is being provided by the company's parent company, Spirit Digital Media LLC, and this support is continuing. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
19,931 |
|
Additions |
16,813 |
|
Disposals |
(1,266) |
|
At 30 September 2015 |
35,478 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
6,988 |
|
Charge for the year |
6,440 |
|
On disposals |
(132) |
|
At 30 September 2015 |
13,296 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
22,182 |
|
At 30 September 2014 |
12,943 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
