Waffles Media Ltd - Accounts to registrar - small 17.1.1

Waffles Media Ltd - Accounts to registrar - small 17.1.1


IRIS Accounts Productionv17.1.1.6008181023director1.4.1631.3.1731.3.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure081810232016-03-31081810232017-03-31081810232016-04-012017-03-31081810232016-03-3108181023ns15:EnglandWales2016-04-012017-03-3108181023ns14:PoundSterling2016-04-012017-03-3108181023ns10:Director12016-04-012017-03-3108181023ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3108181023ns10:SmallEntities2016-04-012017-03-3108181023ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3108181023ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3108181023ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3108181023ns10:FullAccounts2016-04-012017-03-3108181023ns10:RegisteredOffice2016-04-012017-03-3108181023ns5:CurrentFinancialInstruments2017-03-3108181023ns5:ShareCapital2017-03-3108181023ns5:RetainedEarningsAccumulatedLosses2017-03-3108181023ns5:ComputerEquipment2016-04-012017-03-3108181023ns5:ComputerEquipment2016-03-3108181023ns5:ComputerEquipment2017-03-3108181023ns5:ComputerEquipment2016-03-31


REGISTERED NUMBER: 08181023(England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Waffles Media Ltd

Waffles Media Ltd (Registered number: 08181023)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waffles Media Ltd

Company Information
for the Year Ended 31 March 2017







DIRECTOR: Adam Beasley





REGISTERED OFFICE: C/O CPS Accountancy Ltd
10a Aldermans Hill
Palmers Green
London
N13 4PJ





REGISTERED NUMBER: 08181023(England and Wales)





ACCOUNTANTS: CPS Accountancy Ltd
10a Aldermans Hill
Palmers Green
London
N13 4PJ

Waffles Media Ltd (Registered number: 08181023)

Balance Sheet
31 March 2017

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,811

CURRENT ASSETS
Debtors 5 2,817
Cash at bank and in hand 17,238
20,055
CREDITORS
Amounts falling due within one year 6 25,596
NET CURRENT LIABILITIES (5,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,270

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 2,170
SHAREHOLDERS' FUNDS 2,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

Waffles Media Ltd (Registered number: 08181023)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 May 2017and were signed by:





Adam Beasley- Director


Waffles Media Ltd (Registered number: 08181023)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Waffles Media Ltd is a private company, limited by shares, registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

Waffles Media Ltd (Registered number: 08181023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1.

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2016 17,420
Additions 1,031
At 31 March 2017 18,451
DEPRECIATION
At 1 April 2016 8,036
Charge for year 2,604
At 31 March 2017 10,640
NET BOOK VALUE
At 31 March 2017 7,811
At 31 March 2016 9,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 2,020
Social security and other taxes 270
VAT 2,984
Directors' loan accounts 17,822
Accrued expenses 2,500
25,596