Abbreviated Company Accounts - LARNE COMMUNITY MEDIA LTD

LARNE COMMUNITY MEDIA LTD - Company Information

Registered Number NI612750

LARNE COMMUNITY MEDIA LTD

Abbreviated Accounts

31 May 2015

LARNE COMMUNITY MEDIA LTD Registered Number NI612750

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	2,930	3,682
		2,930	3,682
Current assets
Debtors		1,515	2,520
Cash at bank and in hand		5,298	5,303
		6,813	7,823
Creditors: amounts falling due within one year		(480)	(479)
Net current assets (liabilities)		6,333	7,344
Total assets less current liabilities		9,263	11,026
Total net assets (liabilities)		9,263	11,026
Reserves
Income and expenditure account		9,263	11,026
Members' funds		9,263	11,026

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 February 2016

And signed on their behalf by:
Stephen Craig, Director
Hazel Bell, Director

LARNE COMMUNITY MEDIA LTD Registered Number NI612750

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 20% straight line

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance had not been discounted.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 June 2014	4,698
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	4,698
Depreciation
At 1 June 2014	1,016
Charge for the year	752
On disposals	-
At 31 May 2015	1,768
Net book values
At 31 May 2015	2,930
At 31 May 2014	3,682