Registered number
07219684
Mediaflow ltd
Abbreviated unaudited financial statements
30 April 2016
Mediaflow ltd
Registered number: 07219684
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 120 140
Tangible assets 3 4,932 3,603
5,052 3,743
Current assets
Debtors 44,065 40,043
Cash at bank and in hand 34,675 44,341
78,740 84,384
Creditors: amounts falling due within one year (55,249) (71,565)
Net current assets 23,491 12,819
Total assets less current liabilities 28,543 16,562
Provisions for liabilities (986) (720)
Net assets 27,557 15,842
Capital and reserves
Called up share capital 4 4 4
Profit and loss account 27,553 15,838
Shareholder's funds 27,557 15,842
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
……………………………………………
Ms N Stott
Director
Approved by the board on 06.09.2016
Mediaflow ltd
Notes to the Abbreviated unaudited financial statements
for the year ended 30 April 2016
1 Accounting policies
Basis of preparation
The unaudited 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% - 50% reducing balance
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the unaudited financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Intangible fixed assets £
Cost
At 1 May 2015 200
At 30 April 2016 200
Amortisation
At 1 May 2015 60
Provided during the year 20
At 30 April 2016 80
Net book value
At 30 April 2016 120
At 30 April 2015 140
3 Tangible fixed assets £
Cost
At 1 May 2015 11,015
Additions 2,701
At 30 April 2016 13,716
Depreciation
At 1 May 2015 7,412
Charge for the year 1,372
At 30 April 2016 8,784
Net book value
At 30 April 2016 4,932
At 30 April 2015 3,603
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 4 4 4
The advances detailed above were paid to the director, interest free and repayable on demand.
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