SPEAKEASY_MEDIA_LIMITED - Accounts

SPEAKEASY MEDIA LIMITED - Company Information

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Company Registration No. 03584649 (England and Wales)

SPEAKEASY MEDIA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

SPEAKEASY MEDIA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SPEAKEASY MEDIA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,060

2,309

Current assets

Debtors

113,997

95,322

Cash at bank and in hand

59,841

21,783

173,838

117,105

Creditors: amounts falling due within one year

(45,374)

(57,709)

Net current assets

128,464

59,396

Total assets less current liabilities

129,524

61,705

Capital and reserves

Called up share capital

175,750

Profit and loss account

(46,226)

(114,045)

Shareholders' funds

129,524

61,705

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 August 2016

Mr J Herring

Director

Company Registration No. 03584649

SPEAKEASY MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors are satisfied with the results for the year and the state of affairs of the company at the balance sheet date. They have future plans regarding the going concern of the company.

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

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:

Computer equipment

33.3% Straight Line.

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

3,752

Depreciation

At 1 December 2014

1,443

Charge for the year

1,249

At 30 November 2015

2,692

Net book value

At 30 November 2015

1,060

At 30 November 2014

2,309

Share capital

2015

2014

Allotted, called up and fully paid

175,750 Ordinary shares of £1 each

175,750

Related party relationships and transactions

SPEAKEASY MEDIA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

Related party relationships and transactions

(Continued)

- 3 -

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr J Gibson -

21,658

4,696

16,962

Mr J Herring -

24,658

3,940

20,718

46,316

8,636

37,680

Other transactions

Mr J Herring is a director and shareholder of Speakeasy Media Limited. He is also a director and shareholder of Taylor Herring Public Relations Limited. In the year ended 30 November 2015 the company made sales of £4,800 (2014: £20,100) to Taylor Herring Public Relations Limited. Also in the year ended 30 November 2015 Taylor Herring Public Relations Limited invoiced the company expenditure of £6,687 (2014: £13,278). At 30 November 2015 £2,732 was owed to Taylor Herring Public Relations Limited (2014: £0 was owed to Taylor Herring Relations Limited).