Ink and Media Limited - Abbreviated accounts

Registered number

04714071

Ink and Media Limited

Abbreviated Accounts

31 March 2016

Ink and Media Limited
Registered number:		04714071
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		21,080			5,114

Current assets
Stocks		122,467			110,970
Debtors		7,959			6,298
Cash at bank and in hand		7,544			12,640
		137,970			129,908

Creditors: amounts falling due within one year		(117,115)			(98,663)

Net current assets			20,855			31,245

Net assets			41,935			36,359

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			41,835			36,259

Shareholders' funds			41,935			36,359

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 members have 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.



Mr P Warrior
Director
Approved by the board on 20 July 2016

Ink and Media Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

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 balance basis


	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					26,781
	Additions					22,992
	At 31 March 2016					49,773

	Depreciation
	At 1 April 2015					21,667
	Charge for the year					7,026
	At 31 March 2016					28,693

	Net book value
	At 31 March 2016					21,080
	At 31 March 2015					5,114


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100