Pixel House Media Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08121696 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2016

for

Pixel House Media Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M J Shaw

SECRETARY:

REGISTERED OFFICE:

Toffee Factory

Ouseburn

Newcastle upon Tyne

Tyne and Wear

NE1 2DF

REGISTERED NUMBER:

08121696 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

Abacus House

The Ropewalk

Garstang

Preston

Lancashire

PR3 1NS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,225

2,385

1,225

2,385

CURRENT ASSETS

Stocks

1,400

Debtors

6,179

1,838

Cash at bank and in hand

2,145

20,480

9,724

23,718

CREDITORS

Amounts falling due within one year

10,257

7,698

NET CURRENT (LIABILITIES)/ASSETS

(533

)

16,020

TOTAL ASSETS LESS CURRENT
LIABILITIES

692

18,405

CREDITORS

Amounts falling due after more than one year

-

17,702

NET ASSETS

692

703

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

592

603

SHAREHOLDERS' FUNDS

692

703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 21 November 2016 and were signed by:

Mr M J Shaw - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

20% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

20,000

AMORTISATION

At 1 July 2015

and 30 June 2016

20,000

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

5,195

DEPRECIATION

At 1 July 2015

2,810

Charge for year

1,160

At 30 June 2016

3,970

NET BOOK VALUE

At 30 June 2016

1,225

At 30 June 2015

2,385

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100