Eyes Down Media Limited - Limited company - abbreviated - 11.6

Eyes Down Media Limited - Limited company - abbreviated - 11.6

EYES DOWN MEDIA LIMITED - Company Information

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REGISTERED NUMBER: SC156662















EYES DOWN MEDIA LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014






EYES DOWN MEDIA LIMITED (REGISTERED NUMBER: SC156662)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

EYES DOWN MEDIA LIMITED (REGISTERED NUMBER: SC156662)

ABBREVIATED BALANCE SHEET
30 JUNE 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,310 11,063

CURRENT ASSETS
Debtors 705,748 184,227
Cash at bank 1,844 5,668
707,592 189,895
CREDITORS
Amounts falling due within one year 3 607,426 166,466
NET CURRENT ASSETS 100,166 23,429
TOTAL ASSETS LESS CURRENT
LIABILITIES
110,476
34,492

PROVISIONS FOR LIABILITIES 1,679 1,745
NET ASSETS 108,797 32,747

CAPITAL AND RESERVES
Called up share capital 4 30,054 30,054
Profit and loss account 78,743 2,693
SHAREHOLDERS' FUNDS 108,797 32,747

The notes on pages 3 to 4 form part of these abbreviated accounts

1 continued...
EYES DOWN MEDIA LIMITED (REGISTERED NUMBER: SC156662)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2014


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 March 2015 and were
signed on its behalf by:





L G D Cameron - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

2
EYES DOWN MEDIA LIMITED (REGISTERED NUMBER: SC156662)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the
year are charged in the profit and loss account.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013 42,427
Additions 1,824
At 30 June 2014 44,251
DEPRECIATION
At 1 July 2013 31,364
Charge for year 2,577
At 30 June 2014 33,941
NET BOOK VALUE
At 30 June 2014 10,310
At 30 June 2013 11,063

3. CREDITORS

Creditors include an amount of £ 23,534 (2013 - £ 14,158 ) for which security has been
given.

3 continued...
EYES DOWN MEDIA LIMITED (REGISTERED NUMBER: SC156662)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
30,054 Ordinary £1 30,054 30,054

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors' benefits : Advances, credits and guarantees

During the year the company made available to the directors unsecured loans by way of
advances and credits. The total of advances and credits made during the year was £22,779.
The total of repayments made during the year was £93,094. The loans had no fixed terms of
repayment and interest was charged at 4%.

The directors of the company are the majority shareholders of the company and are aware
of the requirements of Section 197 of the Companies Act 2006 regarding approval by the
members of loans to directors.

4