Fast World Media Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05017981 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

FAST WORLD MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A. P. Houtman

SECRETARY:

Rosewood Finance Limited

REGISTERED OFFICE:

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

05017981 (England and Wales)

ACCOUNTANTS:

NWN Blue Squared Ltd

Chartered Certified Accountants

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

4,117

5,490

Investments

3

7,709

11,826

13,199

CURRENT ASSETS

Cash at bank

1,224

1,661

CREDITORS

Amounts falling due within one year

73,042

73,314

NET CURRENT LIABILITIES

(71,818

)

(71,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,992

)

(58,454

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(59,994

)

(58,456

)

SHAREHOLDERS' FUNDS

(59,992

)

(58,454

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 October 2016 and were signed by:

A. P. Houtman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

19,219

DEPRECIATION

At 1 February 2015

13,729

Charge for year

1,373

At 31 January 2016

15,102

NET BOOK VALUE

At 31 January 2016

4,117

At 31 January 2015

5,490

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

and 31 January 2016

7,709

NET BOOK VALUE

At 31 January 2016

7,709

At 31 January 2015

7,709

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1.00

2

5.	INVESTMENT IN ASSOCIATED COMPANY

The investments shown within these accounts represents 33.3% of the ordinary shares in Karami BV , (a company

incorporated in the Netherlands].

6.	GOING CONCERN

These accounts have been prepared on a going concern basis as the Company has the full support of the Director

and Creditors.