Teardrop Media Limited - Period Ending 2016-03-31
Teardrop Media Limited - Period Ending 2016-03-31
Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
Teardrop Media Limited
trading as Teardrop Media Ltd
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Teardrop Media Limited
trading as Teardrop Media Ltd
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Teardrop Media Limited for the year ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Teardrop Media Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Teardrop Media Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teardrop Media Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Teardrop Media Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Teardrop Media Limited. You consider that Teardrop Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Teardrop Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG
18 April 2016
Teardrop Media Limited
trading as Teardrop Media Ltd
(Registration number: 07043894)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr Thomas Droy
Director
2
Teardrop Media Limited
trading as Teardrop Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Goodwill is the difference between the fair value of consideration paid for the acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual vallue, over their expected economic useful life as follows:
Asset class |
Amortisation method and rate |
Positive goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Financial instruments
Teardrop Media Limited
trading as Teardrop Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
1,000 |
2,901 |
3,901 |
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Additions |
- |
1,571 |
1,571 |
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At 31 March 2016 |
1,000 |
4,472 |
5,472 |
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Depreciation |
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At 1 April 2015 |
- |
1,450 |
1,450 |
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Charge for the year |
- |
1,118 |
1,118 |
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At 31 March 2016 |
- |
2,568 |
2,568 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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