Ethos Media Limited - Limited company - abbreviated

REGISTERED NUMBER: 04972233 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

ETHOS MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K O M Ridley

SECRETARY:

Mrs J D Ridley

REGISTERED OFFICE:

18 High West Street

Dorchester

Dorset

DT1 1UW

REGISTERED NUMBER:

04972233 (England and Wales)

ACCOUNTANTS:

Pugsley Revill

18 High West Street

Dorchester

Dorset

DT1 1UW

FIXED ASSETS

Intangible assets

2

20,000

22,000

Tangible assets

3

6,856

8,104

26,856

30,104

CURRENT ASSETS

Stocks

30

35

Debtors

38,093

47,846

Cash at bank and in hand

19,747

1,502

57,870

49,383

CREDITORS

Amounts falling due within one year

22,130

13,051

NET CURRENT ASSETS

35,740

36,332

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,596

66,436

PROVISIONS FOR LIABILITIES

1,175

1,381

NET ASSETS

61,421

65,055

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

61,321

64,955

SHAREHOLDERS' FUNDS

61,421

65,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 20 December 2014 and were signed by:

K O M Ridley - 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 April 2008).

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 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Office and camera equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

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

balance sheet date.

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 April 2013

and 31 March 2014

40,000

AMORTISATION

At 1 April 2013

18,000

Amortisation for year

2,000

At 31 March 2014

20,000

NET BOOK VALUE

At 31 March 2014

20,000

At 31 March 2013

22,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

30,815

Additions

1,038

At 31 March 2014

31,853

DEPRECIATION

At 1 April 2013

22,711

Charge for year

2,286

At 31 March 2014

24,997

NET BOOK VALUE

At 31 March 2014

6,856

At 31 March 2013

8,104

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary A

£1

100

5.	TRANSACTIONS WITH DIRECTOR

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

K O M Ridley

Balance outstanding at start of year

19,528

28,525

Amounts advanced

27,546

49,012

Amounts repaid

(34,280

)

(58,009

)

Balance outstanding at end of year

12,794

19,528

Interest has been charged at the official rate of 4% on the director's loan.

Ethos Media Limited - Limited company - abbreviated - 11.6

Ethos Media Limited - Limited company - abbreviated - 11.6