Abbreviated Company Accounts - M MEDIA & DESIGN LIMITED
Abbreviated Company Accounts - M MEDIA & DESIGN LIMITED
Registered Number 06748993
M MEDIA & DESIGN LIMITED
Abbreviated Accounts
31 January 2016
M MEDIA & DESIGN LIMITED Registered Number 06748993
Abbreviated Balance Sheet as at 31 January 2016
Notes | 31/01/2016 | 30/11/2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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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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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 January 2016 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
And signed on their behalf by:
M MEDIA & DESIGN LIMITED Registered Number 06748993
Notes to the Abbreviated Accounts for the period ended 31 January 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 33.3% straight line
Fixtures, fittings
and equipment - 15% reducing balance
Other accounting policies
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
Stock
Stock is valued at the lower of cost and net realisable value.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the period.
The regular cost of providing retirement pensions and the related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
£ | |
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Cost | |
At 1 December 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2016 |
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Amortisation | |
At 1 December 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2016 |
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Net book values | |
At 31 January 2016 | 12,320 |
At 30 November 2014 | 13,440 |
£ | |
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Cost | |
At 1 December 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2016 |
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Depreciation | |
At 1 December 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2016 |
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Net book values | |
At 31 January 2016 | 6,133 |
At 30 November 2014 | 10,500 |