D & A Media Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03960314 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

D & A MEDIA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Green

Mrs S E K Green

SECRETARY:

Mrs S E K Green

REGISTERED OFFICE:

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

REGISTERED NUMBER:

03960314 (England and Wales)

ACCOUNTANTS:

Baverstocks

Chartered Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

252,790

236,719

252,790

236,719

CURRENT ASSETS

Stocks

142,389

118,285

Debtors

73,272

114,354

Cash at bank and in hand

13,866

8,661

229,527

241,300

CREDITORS

Amounts falling due within one year

4

321,152

334,347

NET CURRENT LIABILITIES

(91,625

)

(93,047

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,165

143,672

CREDITORS

Amounts falling due after more than one year

4

(84,249

)

(82,920

)

PROVISIONS FOR LIABILITIES

(13,945

)

(8,337

)

NET ASSETS

62,971

52,415

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

62,871

52,315

SHAREHOLDERS' FUNDS

62,971

52,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 24 April 2015 and were signed on its behalf by:

M D Green - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to Property

-

20% on cost

Plant and Machinery

-

33% on cost less estimated residual valu

Motor Vehicles

-

25% on reducing balance

Office Equipment

-

15% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 August 2013

and 31 July 2014

13,750

AMORTISATION

At 1 August 2013

and 31 July 2014

13,750

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

425,668

Additions

52,373

Disposals

(19,950

)

At 31 July 2014

458,091

DEPRECIATION

At 1 August 2013

188,949

Charge for year

33,605

Eliminated on disposal

(17,253

)

At 31 July 2014

205,301

NET BOOK VALUE

At 31 July 2014

252,790

At 31 July 2013

236,719

4.

CREDITORS

Creditors include an amount of £ 109,294 (2013 - £ 101,160 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100