Dale Media Limited - Period Ending 2014-06-30

Registration number: 6921198

Dale Media Limited

Unaudited Abbreviated Accounts

30 June 2014
 

Dale Media Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Dale Media Limited
abbreviated balance sheet
30 June 2014

		Note			2014						2013 £
	£			£
Fixed assets
Tangible fixed assets								2,009			2,554
Current assets
Debtors					30						-
Cash at bank and in hand					39						216
					69						216
Creditors: Amounts falling due within one year					(3,097)						(1,356)
Net current liabilities								(3,028)			(1,140)
Total assets less current liabilities								(1,019)			1,414
Provisions for liabilities								-			(511)
Net (liabilities)/assets								(1,019)			903
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					(1,119)						803
Shareholders' (deficit)/funds								(1,019)			903

The notes on pages 3 to 4 form an integral part of these financial statements.
1

Dale Media Limited
abbreviated balance sheet ......... continued
30 June 2014

For the year ending 30 June 2014 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 23 March 2015

.........................................
Mr M Birkett
Director

Company Registration Number: 6921198

The notes on pages 3 to 4 form an integral part of these financial statements.
2

Dale Media Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2014

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..

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	15% stright line
Computer Equipment	33% stright line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRS19. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3

Dale Media Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2014

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		7,929			7,929
At 30 June 2014		7,929			7,929
Depreciation
At 1 July 2013		5,375			5,375
Charge for the year		545			545
At 30 June 2014		5,920			5,920
Net book value
At 30 June 2014		2,009			2,009
At 30 June 2013		2,554			2,554

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4