Abbreviated Company Accounts - BMF MEDIA LIMITED

Abbreviated Company Accounts - BMF MEDIA LIMITED

BMF MEDIA LIMITED - Company Information

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Registered Number 08415221

BMF MEDIA LIMITED

Abbreviated Accounts

28 February 2016

BMF MEDIA LIMITED Registered Number 08415221

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 853 -
Investments - -
853 -
Current assets
Stocks - -
Debtors 50,180 165,160
Investments - -
Cash at bank and in hand 81,544 698
131,724 165,858
Prepayments and accrued income - -
Creditors: amounts falling due within one year (39,642) (71,901)
Net current assets (liabilities) 92,082 93,957
Total assets less current liabilities 92,935 93,957
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 92,935 93,957
Capital and reserves
Called up share capital 3 60 60
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 92,875 93,897
Shareholders' funds 92,935 93,957
  • For the year ending 28 February 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 25 November 2016

And signed on their behalf by:
Brian McFadden, Director

BMF MEDIA LIMITED Registered Number 08415221

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment- 25% straight line

Other accounting policies
Research and development
research expenditure is written off to the profit and loss account in the year in which it is incurred.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets
£
Cost
At 1 March 2015 0
Additions 1,138
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2016 1,138
Depreciation
At 1 March 2015 0
Charge for the year 285
On disposals 0
At 28 February 2016 285
Net book values
At 28 February 2016 853
At 28 February 2015 0
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
60 Ordinary shares of £1 each 60 60

4Transactions with directors

Name of director receiving advance or credit: Brian McFadden
Description of the transaction: Advances to Directors
Balance at 1 March 2015: £ 130,370
Advances or credits made: £ 204,088
Advances or credits repaid: £ 304,366
Balance at 28 February 2016: £ 30,092

During the year dividends were voted to the director in his capacity of shareholder of £90,000 (2015: £28,000)