Bullfinch Media Ltd - Period Ending 2016-03-31

Registration number: 08003662

Bullfinch Media Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Bullfinch Media Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bullfinch Media Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bullfinch Media Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bullfinch Media Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bullfinch Media Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bullfinch Media Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bullfinch Media Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bullfinch Media Ltd. You consider that Bullfinch Media Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bullfinch Media Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Lewis & Co Chartered Accountants
75 Kenton Street
London
WC1N 1NN

20 December 2016

Page 1

Bullfinch Media Ltd
(Registration number: 08003662)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Debtors					7,690			9,650
Cash at bank and in hand					7,419			16,536
					15,109			26,186
Creditors: Amounts falling due within one year					(14,260)			(13,223)
Net assets					849			12,963
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					848			12,962
Shareholders' funds					849			12,963

For the year ending 31 March 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 director acknowledges his 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 director on 20 December 2016

.........................................
CR Corbett
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Bullfinch Media Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Research and development

Research and development expenditure is written off as incurred.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

VAT accounting

The company is registered under the flat rate scheme for VAT. Turnover is recorded net of VAT in the Financial Statements and purchases are recorded gross of VAT. The VAT recoverable in respect of expenses is shown separately in the Trading Profit and Loss account.

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3